Brokerage firm Morgan Stanley Maintains its rating on Groupon Inc(NASDAQ:GRPN). In a research note issued to the investors, the brokerage major Raises the price-target to $4.70 per share. The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Jul 28, 2016.
In a different note, On Jul 28, 2016, Credit Suisse said it Maintains its rating on Groupon Inc. The shares have been rated ‘Neutral’ by the firm. On Jul 18, 2016, Piper Jaffray said it Upgrades its rating on Groupon Inc. In the research note, the firm Raises the price-target to $4.00 per share. The shares have been rated ‘Overweight’ by the firm. Maxim Group said it Initiates Coverage on Groupon Inc, according to a research note issued on Jun 23, 2016. The shares have been rated ‘Buy’ by the firm. On May 2, 2016, RBC Capital said it Downgrades its rating on Groupon Inc. In the research note, the firm Lowers the price-target to $4.00 per share. The shares have been rated ‘Underperform’ by the firm.
Groupon Inc (GRPN) made into the market gainers list on Thursdays trading session with the shares advancing 1.88% or 0.1 points. Due to strong positive momentum, the stock ended at $5.43, which is also near the day’s high of $5.58. The stock began the session at $5.36 and the volume stood at 2,15,76,440 shares. The 52-week high of the shares is $5.58 and the 52 week low is $2.15. The company has a current market capitalization of $3,120 M and it has 57,45,89,740 shares in outstanding.
Groupon Inc(GRPN) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $756.03M. Analysts had an estimated revenue of $711.29M. Earnings per share were $-0.01. Analysts had estimated an EPS of $-0.02.
Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Peter J Barris (director) sold 640,045 shares at $3.23 per share price.Also, On Jun 3, 2016, Brian Stevens (Chief Accounting Officer) sold 10,000 shares at $3.50 per share price.On Jul 9, 2015, Bradley A Keywell (director) sold 500,000 shares at $4.83 per share price, according to the Form-4 filing with the securities and exchange commission.
Groupon Inc. operates online local commerce marketplaces world over 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 the Middle East and Africa and international operations (Rest of World). The Company offers deals on goods and services in three categories: Local Deals (Local) Groupon Goods (Goods) and Groupon Getaways (Travel). The Company’s Local category includes deals with local merchants national merchants and local events. The Company’s Goods transactions in North America are primarily direct revenue deals. Through its Getaways category the Company features travel offers at both discounted and market rates including hotels airfare and package deals covering both domestic and international travel. Its deal offerings are accessed directly through its Websites mobile applications and search engines.