Groupon Inc (GRPN) is Upgraded by Piper Jaffray to Overweight, Raises Price Target to $ 6

Groupon Inc (GRPN) was Upgraded by Piper Jaffray to ” Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 6 from a previous price target of $4 . Earlier the firm had a rating of “Neutral ” on the company shares. Piper Jaffray advised their investors in a research report released on Jul 18, 2016.

Many Wall Street Analysts have commented on Groupon Inc. Maxim Group Initiated Groupon Inc on Jun 23, 2016 to “Buy”, Price Target of the shares are set at $5.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 closed down -0.08 points or -2.24% at $3.49 with 37,03,512 shares getting traded on Friday. Post opening the session at $3.54, the shares hit an intraday low of $3.47 and an intraday high of $3.57 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.