Research analysts at Northland Capital Partners assumed coverage on shares of Groupon (NASDAQ:GRPN) in a report released on Wednesday, Analyst Ratings Net reports. The firm set an “outperform” rating and a $13.00 price target on the stock. Northland Capital Partners’ price objective points to a potential upside of 21.84% from the stock’s previous close.
A number of other analysts have also recently weighed in on GRPN. Analysts at Wells Fargo & Co. upgraded shares of Groupon from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, December 11th. They now have a $14.00 price target on the stock, up previously from $13.00. Separately, analysts at Morgan Stanley reiterated a “positive” rating on shares of Groupon in a research note to investors on Tuesday, December 10th. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Groupon from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. They now have a $11.00 price target on the stock, down previously from $122.00. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $10.77.
In other Groupon news, CAO Brian Stevens sold 11,162 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $10.31, for a total value of $115,080.22. Following the transaction, the chief accounting officer now directly owns 1,346 shares in the company, valued at approximately $13,877. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Groupon (NASDAQ:GRPN) opened at 10.67 on Wednesday. Groupon has a one year low of $4.24 and a one year high of $12.76. The stock has a 50-day moving average of $9.74 and a 200-day moving average of $9.66. The company’s market cap is $7.129 billion.
Groupon (NASDAQ:GRPN) last announced its earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.01. The company had revenue of $595.10 million for the quarter, compared to the consensus estimate of $615.69 million. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts expect that Groupon will post $0.09 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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