Groupon (GRPN) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $5 and the lowest price target forecast is $2. The average forecast of all the analysts is $3.68 and the expected standard deviation is $0.84.
Groupon (GRPN), A rise of 294,577 shares or 0.6% was seen in the short interest of Groupon, Inc. – Class A Common Stock. Even as the interest increased from 52,312,904 shares on June 15,2016 to 52,607,481 shares on June 30,2016, the days to cover came in at 9. The updated interest stood at 12.6% of the stocks floats. The stock has seen an average daily volume of 5,770,105 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Maxim Group initiates coverage on Groupon (NASDAQ:GRPN).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Maxim Group announces the price target of $5 per share. The rating by the firm was issued on June 23, 2016.
Groupon (NASDAQ:GRPN): stock turned positive on Thursday. Though the stock opened at $3.46, the bulls momentum made the stock top out at $3.58 level for the day. The stock recorded a low of $3.45 and closed the trading day at $3.57, in the green by 3.78%. The total traded volume for the day was 4,341,880. The stock had closed at $3.44 in the previous days trading.
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 Companys Local category includes deals with local merchants, national merchants and local events. The Companys 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.