Morgan Stanley reaffirmed their overweight rating on shares of Groupon (NASDAQ:GRPN) in a report issued on Friday, AnalystRatingsNetwork.com reports. They currently have a $14.00 target price on the stock.
“CQ3 headline numbers could be weak but the stock still works in our view, if the source of the NA deceleration is the Goods business and the Local Deals segment shows improvement in NA and EMEA. We believe that the Deals segment growth represents a better measure of the health of the business, and we note that NA Goods segment laps a sizable uptick in growth last year from CQ2 to CQ3.,” Morgan Stanley’s analyst wrote.
GRPN has been the subject of a number of other recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of Groupon from a hold rating to a buy rating in a research note to investors on Monday, October 21st. Separately, analysts at Barrington Research upgraded shares of Groupon from a market perform rating to an outperform rating in a research note to investors on Monday, October 7th. Finally, analysts at Stifel Nicolaus upgraded shares of Groupon from a hold rating to a buy rating in a research note to investors on Thursday, September 19th. They now have a $16.00 price target on the stock, down previously from $84.00. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. Groupon presently has an average rating of Hold and a consensus target price of $10.19.
In other Groupon news, Director Bradley A. Keywell unloaded 500,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $9.33, for a total value of $4,665,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Groupon (NASDAQ:GRPN) traded down 3.30% on Friday, hitting $10.22. 12,063,568 shares of the company’s stock traded hands. Groupon has a 52 week low of $2.60 and a 52 week high of $12.76. The stock has a 50-day moving average of $10.89 and a 200-day moving average of $8.97. The company’s market cap is $6.802 billion. Groupon also saw some unusual options trading activity on Monday. Investors acquired 64,339 call options on the stock. This represents an increase of 185% compared to the typical volume of 22,603 call options.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.04 earnings per share. Groupon’s revenue was up 7.1% compared to the same quarter last year. Analysts expect that Groupon will post $0.12 EPS for the current fiscal year.
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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