Groupon, Inc. (GRPN) Price Target Raised to $3.60 at Morgan Stanley

Groupon, Inc. (NASDAQ:GRPN) had its target price hoisted by Morgan Stanley from $3.40 to $3.60 in a research report sent to investors on Thursday, November 2nd. The firm currently has an underweight rating on the coupon company’s stock.

Other equities analysts have also recently issued reports about the company. B. Riley reaffirmed a buy rating and issued a $5.50 target price on shares of Groupon in a report on Tuesday, August 8th. Bank of America Corporation reiterated an underperform rating and issued a $3.50 price target on shares of Groupon in a research note on Friday, July 21st. DA Davidson restated a buy rating and set a $6.50 price objective on shares of Groupon in a research report on Thursday, November 2nd. Wedbush reissued a positive rating and issued a $4.08 price objective (down previously from $4.50) on shares of Groupon in a research note on Wednesday, August 23rd. Finally, BidaskClub raised shares of Groupon from a sell rating to a hold rating in a research note on Thursday, August 3rd. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $4.97.

Groupon (GRPN) traded up $0.11 during mid-day trading on Thursday, hitting $5.62. The company’s stock had a trading volume of 8,028,700 shares, compared to its average volume of 8,697,493. Groupon has a 1 year low of $2.90 and a 1 year high of $5.70. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.99.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The firm had revenue of $634.46 million for the quarter, compared to analysts’ expectations of $642.62 million. During the same period in the prior year, the firm earned ($0.01) EPS. The company’s revenue was down 7.6% compared to the same quarter last year. analysts expect that Groupon will post -0.02 EPS for the current year.

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In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $4.39, for a total value of $6,585,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Brian Stevens sold 10,000 shares of the firm’s stock in a transaction on 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 $871,411.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,310,000 shares of company stock worth $10,180,150. Company insiders own 23.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of GRPN. Aperio Group LLC grew its position in Groupon by 4.6% during the 2nd quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after purchasing an additional 1,268 shares during the last quarter. Suntrust Banks Inc. lifted its stake in shares of Groupon by 2.0% in the 2nd quarter. Suntrust Banks Inc. now owns 65,767 shares of the coupon company’s stock worth $252,000 after acquiring an additional 1,272 shares during the period. SG Americas Securities LLC lifted its stake in shares of Groupon by 6.8% in the 1st quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock worth $123,000 after acquiring an additional 2,000 shares during the period. Voya Investment Management LLC lifted its stake in shares of Groupon by 1.9% in the 2nd quarter. Voya Investment Management LLC now owns 152,428 shares of the coupon company’s stock worth $585,000 after acquiring an additional 2,911 shares during the period. Finally, Balyasny Asset Management LLC lifted its stake in shares of Groupon by 1.4% in the 2nd quarter. Balyasny Asset Management LLC now owns 416,325 shares of the coupon company’s stock worth $1,599,000 after acquiring an additional 5,821 shares during the period. 55.44% of the stock is currently owned by hedge funds and other institutional investors.

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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