Groupon Inc (GRPN) is Initiated by Maxim Group to Buy, Price Target at $5

Groupon Inc (GRPN) was Initiated by Maxim Group to “Buy” and the brokerage firm has set the Price Target at $5. Maxim Group advised their investors in a research report released on Jun 23, 2016.

Many Wall Street Analysts have commented on Groupon Inc. Shares were Downgraded by RBC Capital Mkts on May 2, 2016 to ” Underperform” and Lowered the Price Target to $ 3 from a previous price target of $4 .

On the company’s financial health, Groupon Inc reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.02. The company had revenue of $732.00 million for the quarter, compared to analysts expectations of $719.26 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.

Groupon Inc opened for trading at $3.34 and hit $3.35 on the upside on Tuesday, eventually ending the session at $3.35, with a gain of 1.21% or 0.04 points. The heightened volatility saw the trading volume jump to 35,46,979 shares. Company has a market cap of $1,943 M.

In a different news, on Jun 10, 2016, Peter J Barris (director) sold 640,045 shares at $3.23 per share price. According to the SEC, 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.

Groupon Inc

Leave a Reply

Groupon Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Groupon Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.