Groupon (NASDAQ:GRPN)‘s stock had its “sector perform” rating reiterated by RBC Capital in a research note issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a $6.00 target price on the stock, down from their previous target price of $10.00. RBC Capital’s price target would suggest a potential downside of 31.19% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. set a $15.00 price target on shares of Groupon in a research note to investors on Thursday. Separately, analysts at Deutsche Bank set a $17.00 price target on shares of Groupon in a research note to investors on Thursday. Finally, analysts at Raymond James upgraded shares of Groupon from an “underperform” rating to a “market perform” rating in a research note to investors on Thursday.
Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $8.05.
Groupon (NASDAQ:GRPN) traded up 26.49% on Thursday, hitting $11.03. Groupon has a 1-year low of $2.60 and a 1-year high of $9.43. The stock’s 50-day moving average is currently $8.63. The company’s market cap is $7.297 billion.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $608.70 million for the quarter, compared to the consensus estimate of $606.23 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts expect that Groupon will post $0.17 EPS for the current fiscal year.
In other Groupon news, Director Bradley A. Keywell unloaded 500,000 shares of the stock in a transaction that occured on Tuesday, July 30th. The stock was sold at an average price of $8.94, for a total value of $4,470,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Groupon, Inc offers online retail services. The Company provides daily deal on the stuff to do, eat, see and buy in more than 500 markets in 44 countries.
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