Citigroup Initiates Coverage On Groupon Inc(GRPN). In a research note issued to the investors, the brokerage major Announces the price-target to $5 per share. The shares have been rated Neutral. The rating by the stock financial advisor at Citigroup was issued on Mar 27, 2017 in a research report to their Investors and Clients.
In a different note, On Feb 16, 2017, Wedbush said it Downgrades its rating on Groupon Inc. The shares have been rated ‘Neutral’ by the firm. On Jan 3, 2017, RBC Capital said it Upgrades its rating on Groupon Inc. In the research note, the firm Announces the price-target to $4 per share. The shares have been rated ‘Sector Perform’ by the firm.
Groupon Inc (GRPN) made into the market gainers list on Fridays trading session with the shares advancing 0.25% or 0.01 points. Due to strong positive momentum, the stock ended at $3.99, which is also near the day’s high of $4.05. The stock began the session at $3.9 and the volume stood at 55,35,738 shares. The 52-week high of the shares is $5.94 and the 52 week low is $2.92. The company has a current market capitalization of $2,243 M and it has 56,20,74,010 shares in outstanding.
Groupon Inc(GRPN) last announced its earnings results on Feb 15, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $934.885M. Analysts had an estimated revenue of $914.170M. Earnings per share were $0.07. Analysts had estimated an EPS of $0.03.
Several Insider Transactions has been reported to the SEC. On Mar 15, 2017, Brian Stevens (CAO & Treasurer) sold 10,000 shares at $4.00 per share price.Also, On Mar 2, 2017, Peter J Barris (director) sold 187,386 shares at $4.20 per share price.On Feb 24, 2017, Dane A Drobny (General Counsel and Secretary) sold 37,176 shares at $4.68 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.