Several other brokerages also recently commented on GRPN. The Goldman Sachs Group boosted their target price on shares of Groupon from $5.00 to $7.50 and gave the company a “sell” rating in a research note on Friday, January 19th. Roth Mkm assumed coverage on shares of Groupon in a research note on Thursday, October 12th. They issued a “buy” rating and a $30.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Groupon presently has an average rating of “Hold” and an average price target of $12.88.
Groupon Price Performance
Groupon (NASDAQ:GRPN – Get Free Report) last posted its quarterly earnings results on Thursday, November 9th. The coupon company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.33. Groupon had a negative net margin of 26.35% and a negative return on equity of 523.08%. The firm had revenue of $126.47 million for the quarter, compared to the consensus estimate of $131.03 million. On average, equities research analysts expect that Groupon will post -1.54 EPS for the current fiscal year.
Insider Activity at Groupon
In other Groupon news, CEO Dusan Senkypl purchased 137,946 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average cost of $9.74 per share, with a total value of $1,343,594.04. Following the completion of the acquisition, the chief executive officer now directly owns 7,040,310 shares of the company’s stock, valued at approximately $68,572,619.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 35.70% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Groupon by 8.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 121,942 shares of the coupon company’s stock valued at $1,566,000 after buying an additional 9,076 shares during the last quarter. Swiss National Bank bought a new stake in Groupon during the 4th quarter worth about $475,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Groupon during the 4th quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Groupon by 6.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,723 shares of the coupon company’s stock worth $536,000 after purchasing an additional 2,355 shares during the last quarter. Finally, Raymond James & Associates bought a new stake in Groupon during the 4th quarter worth about $202,000. 90.05% of the stock is owned by institutional investors.
Groupon, Inc, together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants; and first-party goods inventory. It serves customers through its mobile applications and websites.
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