DA Davidson Reaffirms “Buy” Rating for Groupon, Inc. (NASDAQ:GRPN)

DA Davidson reiterated their buy rating on shares of Groupon, Inc. (NASDAQ:GRPN) in a research note released on Thursday, November 2nd. They currently have a $6.50 price target on the coupon company’s stock.

Several other brokerages also recently weighed in on GRPN. B. Riley reiterated a buy rating and issued a $5.50 price target on shares of Groupon in a report on Thursday, August 3rd. Cowen and Company upgraded Groupon from an underperform rating to a market perform rating and boosted their price target for the company from $2.90 to $5.38 in a report on Monday, October 16th. Piper Jaffray Companies reiterated an overweight rating and issued a $6.25 price target (up from $5.50) on shares of Groupon in a report on Wednesday, November 1st. Jefferies Group LLC reiterated a hold rating and issued a $4.00 price target on shares of Groupon in a report on Thursday, October 19th. Finally, Morgan Stanley reissued an underweight rating and set a $3.20 price objective (down from $3.50) on shares of Groupon in a research note on Wednesday, July 26th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Groupon presently has a consensus rating of Hold and a consensus price target of $4.97.

Groupon (NASDAQ GRPN) opened at $5.62 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.99. Groupon has a twelve month low of $2.90 and a twelve month high of $5.70.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. The company had revenue of $634.46 million during the quarter, compared to the consensus estimate of $642.62 million. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. Groupon’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) EPS. equities research analysts predict that Groupon will post -0.02 EPS for the current fiscal year.

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In other Groupon news, insider James Sullivan sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $5.29, for a total value of $132,250.00. Following the transaction, the insider now owns 350,919 shares in the company, valued at approximately $1,856,361.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brian Stevens sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $4.04, for a total transaction of $40,400.00. Following the completion of the sale, the chief accounting officer now owns 215,696 shares in the company, valued at approximately $871,411.84. The disclosure for this sale can be found here. Insiders sold a total of 2,310,000 shares of company stock worth $10,180,150 in the last quarter. 23.40% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Karp Capital Management Corp acquired a new stake in shares of Groupon in the 1st quarter valued at about $108,000. Aperio Group LLC raised its stake in shares of Groupon by 4.6% in the 2nd quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock valued at $111,000 after purchasing an additional 1,268 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Groupon in the 2nd quarter valued at about $116,000. Prudential Financial Inc. raised its stake in shares of Groupon by 157.7% in the 2nd quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock valued at $122,000 after purchasing an additional 19,408 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in shares of Groupon in the 2nd quarter valued at about $122,000. Institutional investors and hedge funds own 55.44% of the company’s stock.

Groupon Company Profile

Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).

Analyst Recommendations for Groupon (NASDAQ:GRPN)

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