The stock of Groupon Inc (NASDAQ:GRPN) is a huge mover today! About 3.10 million shares traded hands. Groupon Inc (NASDAQ:GRPN) has risen 12.96% since March 1, 2016 and is uptrending. It has outperformed by 3.72% the S&P500.
The move comes after 8 months positive chart setup for the $3.07 billion company. It was reported on Oct, 4 by Barchart.com. We have $6.42 PT which if reached, will make NASDAQ:GRPN worth $675.40M more.
Analysts await Groupon Inc (NASDAQ:GRPN) to report earnings on November, 1. They expect $-0.08 earnings per share, down 500.00% or $0.10 from last year’s $0.02 per share. After $-0.06 actual earnings per share reported by Groupon Inc for the previous quarter, Wall Street now forecasts 33.33% negative EPS growth.
Groupon Inc (NASDAQ:GRPN) Ratings Coverage
Out of 16 analysts covering Groupon Inc (NASDAQ:GRPN), 6 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 38% are positive. Groupon Inc has been the topic of 34 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Wednesday, November 4 the stock rating was downgraded by Wells Fargo to “Market Perform”. The firm has “Buy” rating by Brean Capital given on Wednesday, November 4. Macquarie Research maintained it with “Outperform” rating and $5 target price in Friday, April 15 report. The firm earned “Neutral” rating on Thursday, September 29 by Boenning & Scattergood. The firm has “Sector Perform” rating given on Wednesday, November 4 by RBC Capital Markets. On Monday, August 10 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Hold” rating given on Wednesday, September 14 by Loop Capital. The company was maintained on Monday, August 10 by Northland Capital. On Wednesday, November 4 the stock rating was maintained by UBS with “Neutral”. Piper Jaffray downgraded the shares of GRPN in a report on Wednesday, November 4 to “Neutral” rating.
According to Zacks Investment Research, “Groupon, Inc. operates a shopping website which offers goods and services at a discount in North America and internationally. It offers deals in health and beauty, retail, services, activities, events, and food and drink. Groupon, Inc. is headquartered in Chicago, Illinois.”
Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.01, from 1.03 in 2016Q1. The ratio worsened, as 28 funds sold all Groupon Inc shares owned while 59 reduced positions. 37 funds bought stakes while 52 increased positions. They now own 272.82 million shares or 2.89% less from 280.94 million shares in 2016Q1.
Credit Suisse Ag last reported 2.29 million shares in the company. Employees Retirement Association Of Colorado owns 108,760 shares or 0% of their US portfolio. Aqr Capital Mngmt Ltd Company holds 0.03% or 4.80 million shares in its portfolio. Fmr Limited Liability Company reported 72.25M shares or 0.03% of all its holdings. Asset holds 10,446 shares or 0% of its portfolio. California Public Employees Retirement System holds 1.18M shares or 0.01% of its portfolio. Price T Rowe Assoc Md last reported 0% of its portfolio in the stock. Da Davidson reported 37,789 shares or 0% of all its holdings. Two Sigma Secs Limited owns 59,067 shares or 0.1% of their US portfolio. Acadian Asset Management Limited holds 1.20 million shares or 0.02% of its portfolio. The Connecticut-based Paloma Partners Mgmt has invested 0% in Groupon Inc (NASDAQ:GRPN). Principal Fin Grp Inc Inc reported 92,557 shares or 0% of all its holdings. Alps last reported 13,749 shares in the company. Contrarius Inv Mgmt Ltd has invested 0.09% of its portfolio in Groupon Inc (NASDAQ:GRPN). First Advsrs Limited Partnership holds 0.11% of its portfolio in Groupon Inc (NASDAQ:GRPN) for 11.16 million shares.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 6 insider sales for $6.62 million net activity. BARRIS PETER J sold $4.15 million worth of stock or 730,349 shares. Sullivan James sold $116,200 worth of Groupon Inc (NASDAQ:GRPN) on Wednesday, August 10. Drobny Dane A sold $168,773 worth of Groupon Inc (NASDAQ:GRPN) on Wednesday, September 7. On Monday, August 22 the insider Stevens Brian sold $83,100.
More news for Groupon Inc (NASDAQ:GRPN) were recently published by: Profitconfidential.com, which released: “Groupon Inc: Turnaround Plan Could Send GRPN Stock Higher” on September 28, 2016. Profitconfidential.com‘s article titled: “Groupon Inc: The Run in GRPN Stock has Only Begun” and published on September 17, 2016 is yet another important article.
GRPN Company Profile
Groupon, Inc., incorporated on January 15, 2008, operates online local commerce marketplaces throughout the world that connect merchants to clients by offering goods and services at a discount. The Firm operates through three divisions: North America, which represents the United States and Canada; EMEA, which consists of Europe, the Middle East and Africa, and international activities (Rest of World). The Firm offer deals on goods and services in approximately three categories: Local Deals (Local), Groupon Goods (Goods) and Groupon Getaways (Travel). Collectively, Local and Travel consists of its services offerings and Goods, which the Company refers as Shopping, that reflect its product offerings. In its Goods category, the Company acts as the merchant of record, particularly for deals in North America and in EMEA. It offers deals on products for which it acts as the merchant of record. Customers can access the Company’s deal offerings directly through its Websites (groupon.com), mobile applications and search engines. It acts as a marketing agent by selling vouchers (Groupons) that can be redeemed for products or services with third party merchants. It also sells merchandise inventory directly to customers.
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