The Groupon Inc (GRPN) Downgraded by Wedbush to Neutral

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Groupon Inc (NASDAQ:GRPN) was downgraded by investment analysts at Morgan Stanley from an "equal weight" rating to an "underweight" rating in a report issued on Monday.

Groupon, Inc. (GRPN) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 26.22 P/E and the sector P/E is 27.04.

A number of brokerages recently weighed in on GRPN. Evercore ISI lifted their price target on Groupon to $5.30 in a report on Thursday, February 16th.

3/28/2017-Barclays PLC initiated coverage with a Underweight rating. They now have a United States dollars 3.6 price target on the stock.

Groupon, Inc. (GRPN) is expected to post revenue of $748.57 Million in the current quarter, according to consensus of 16 analysts. Loop Capital reiterated a "hold" rating on shares of Groupon in a report on Wednesday.

Wedbush cut shares of Groupon Inc (NDAQ:GRPN) from an outperform rating to a neutral rating in a research note issued to investors on Thursday. The stock was sold at an average price of $4.26, for a total value of $400,303.68.

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Boasting a price of $3.88, Groupon Inc (NASDAQ:GRPN) traded -0.51% lower on the day. The stock's market capitalization is 2.20B, it has a 52-week low of 2.92 and a 52-week high of 5.94.

Groupon, Inc. has a 50 day moving average of 3.92 and a 200 day moving average of 4.01.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Wednesday, February 15th. The coupon company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. The company is set at a mean analysts' recommendation of 3.30. Groupon had a negative net margin of 6.03% and a negative return on equity of 29.46%. Groupon's quarterly revenue was up 1.9% compared to the same quarter previous year.

On Wednesday, Shares of InvenSense Inc (NYSE:INVN) gained 0.04% to $12.93. If you are accessing this piece of content on another site, it was stolen and republished in violation of worldwide copyright and trademark law. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & worldwide trademark and copyright laws. The correct version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/04/22/somewhat-favorable-media-coverage-likely-to-impact-groupon-grpn-share-price-updated.html. The share price is trading in a range of $12.92 - 12.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The share price is now up 7.69% for the past three months. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 311,354 shares of company stock valued at $1,297,325. Sumitomo Mitsui Asset Management Company LTD acquired a new position in Groupon during the third quarter worth about $30,647,000. The stock appeared -0.08% below its 52-week highs and is up 2.78% for the last five trades. Raymond James Financial Services Advisors Inc. boosted its stake in Groupon by 17.1% in the fourth quarter. Shares have risen 5.57% over the trailing 6 months. Finally, Adams Street Partners LLC increased its position in Groupon by 96.6% in the third quarter. Following the completion of the transaction, the chief accounting officer now directly owns 194,775 shares of the company's stock, valued at approximately $779,100. The volatility in the previous week has experienced by 2.94% and observed of 3.14% in the previous month.51.80% ownership is held by institutional investors while insiders hold ownership of 0.90%.

Groupon (GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on fantastic things to do, see, eat and buy.

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