Groupon Inc (GRPN) is Initiated by Loop Capital to Hold, Price Target at $6

Groupon Inc (GRPN) was Initiated by Loop Capital to “Hold” and the brokerage firm has set the Price Target at $6. Loop Capital advised their investors in a research report released on Sep 14, 2016.

Many Wall Street Analysts have commented on Groupon Inc. Company shares were Reiterated by Wedbush on Jul 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 4.50 from a previous price target of $4 .Company shares were Reiterated by RBC Capital Mkts on Jul 28, 2016 to “Underperform”, Firm has raised the Price Target to $ 4 from a previous price target of $3 .Company shares were Upgraded by Piper Jaffray on Jul 18, 2016 to ” Overweight”, Firm has raised the Price Target to $ 6 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 Jul 27, 2016. Analyst had a consensus of $-0.02. The company had revenue of $756.03 million for the quarter, compared to analysts expectations of $710.94 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Groupon Inc closed down -0.09 points or -1.70% at $5.19 with 6,248,597 shares getting traded on Monday. Post opening the session at $5.18, the shares hit an intraday low of $5.055 and an intraday high of $5.26 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Sep 9, 2016, Dane A Drobny (General Counsel and Secretary) sold 30,798 shares at $5.48 per share price. According to the SEC, on Aug 24, 2016, Brian Stevens (Chief Accounting Officer) sold 15,000 shares at $5.54 per share price. On Aug 15, 2016, Peter J Barris (director) sold 730,349 shares at $5.69 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

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