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Today B. Riley FBR Reaffirms a “Buy” Rating on Groupon (GRPN) and a $5.6 Target Price

Groupon, Inc. (NASDAQ:GRPN) Logo

Investors sentiment increased to 2.75 in 2018 Q2. Its up 1.73, from 1.02 in 2018Q1. It is positive, as 17 investors sold Groupon, Inc. shares while 31 reduced holdings. 45 funds opened positions while 87 raised stakes. 335.27 million shares or 1.04% more from 331.81 million shares in 2018Q1 were reported.

California Pub Employees Retirement System reported 903,023 shares. Gsa Cap Ptnrs Llp stated it has 255,854 shares or 0.05% of all its holdings. Vanguard Grp Inc reported 36.12 million shares. J Goldman & Lp has invested 0.41% in Groupon, Inc. (NASDAQ:GRPN). New York-based Jane Street Grp Ltd Liability Corporation has invested 0% in Groupon, Inc. (NASDAQ:GRPN). 21,740 are owned by Prelude Cap Mgmt Limited Liability Com. Stifel has 78,488 shares. Point72 Asset Management Lp invested 0% in Groupon, Inc. (NASDAQ:GRPN). Barclays Plc holds 344,818 shares or 0% of its portfolio. 9.59M are owned by Tiaa Cref. New York-based Global X Management Lc has invested 0.04% in Groupon, Inc. (NASDAQ:GRPN). Nomura Hldg has invested 0% of its portfolio in Groupon, Inc. (NASDAQ:GRPN). Ulysses Limited Liability holds 3.10M shares or 1.16% of its portfolio. Piedmont Investment Advsr Ltd holds 0% of its portfolio in Groupon, Inc. (NASDAQ:GRPN) for 7,659 shares. Blackrock Inc owns 29.79 million shares for 0.01% of their portfolio.

Since May 24, 2018, it had 0 insider buys, and 3 selling transactions for $12.68 million activity. $69,300 worth of Groupon, Inc. (NASDAQ:GRPN) shares were sold by Stevens Brian.

Groupon (GRPN) Rating Reaffirmed

They currently have a $5.6 PT on Groupon (GRPN). The target price by B. Riley FBR would suggest a potential upside of 92.11 % from the company’s close price. This has been shown in analysts note on Thursday morning.

The stock increased 2.74% or $0.08 during the last trading session, reaching $2.995. About 14.55M shares traded or 90.71% up from the average. Groupon, Inc. (GRPN) has declined 12.36% since November 9, 2017 and is downtrending. It has underperformed by 27.98% the S&P500.

Groupon, Inc. operates online local commerce marketplaces that connect merchants to clients by offering goods and services at a discount in North America, Europe, the Middle East, Africa, and internationally. The company has market cap of $1.70 billion. The firm provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals. It currently has negative earnings. It offers its deal offerings to clients through Websites; search engines; mobile applications and mobile Web browsers, which enable clients to browse, purchase, manage, and redeem deals on their mobile devices; emails; affiliate channels; display advertising; and television and radio advertising.

More important recent Groupon, Inc. (NASDAQ:GRPN) news were published by: Seekingalpha.com which released: “Stocks To Watch: Looking Beyond The Election” on November 03, 2018, also Seekingalpha.com published article titled: “Groupon: Waiting For Panic To Sink In”, Seekingalpha.com published: “Groupon, Inc. 2018 Q3 – Results – Earnings Call Slides” on November 07, 2018. More interesting news about Groupon, Inc. (NASDAQ:GRPN) was released by: Seekingalpha.com and their article: “Groupon reports mixed Q3; Global units -11% Y/Y” with publication date: November 07, 2018.

Groupon, Inc. (NASDAQ:GRPN) Institutional Positions Chart

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