Groupon, Inc. (NASDAQ:GRPN) registered a 1.44% increase, still its new closing price is 63.72% up from the company’s 1 year high of 5.94.It posted 2.62% gains in previous 5 sessions and is now the subject of 11 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 1 sells versus 1 buy or better ratings. The 18 stock analysts following this company have an average price target at $4.86, with individual PT in the $3.00-$6.50 range. The shares moved at $3.52, implying that brokerage firms see shares gaining about 42.51% in twelve months time.
Groupon, Inc. (GRPN) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 6.02% rise year to date. A CAO & Treasurer at Groupon, Inc. (GRPN) offloaded shares in a transaction closed on Monday November 28, 2016. Stevens Brian sold 10,000 shares in the company at $4.11 each and collected $41,000 in proceeds. Stevens Brian now owns 163,065 shares in the company after this transaction. A General Counsel and Secretary in the company, Drobny Dane A, disclosed a transaction on Wednesday November 09, 2016 that ended up generating $164,001 from the sale of 42,930 shares at $3.84 per share.
Groupon, Inc. (NASDAQ:GRPN) Upcoming Results on Tap
Groupon, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.02 in that period. Sales during the quarter are predicted to arrive at $746.83 million.
Earnings surprise history: Last quarter, the company posted approximately $720.47 million in revenue and EPS of $-0.01. The mean forecast was for $710.47 million and $-0.01 a share, respectively. One quarter earlier, revenue for the stock was at $756.03 million, with earnings at $-0.01/share.
Groupon, Inc. (GRPN) Brokerage Update
Groupon, Inc. (GRPN) is in Wedbush’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Neutral by Wedbush, according to news reported on Monday October 17, 2016.Another important research note was issued by Piper Jaffray on Monday July 18, 2016.The firm upgraded GRPN to Overweight from Neutral. Over the last six months and over the last three months, the shares of Groupon, Inc. (GRPN), have changed -33.96% and -9.28%, respectively.