Groupon, Inc. (NASDAQ:GRPN – Get Free Report)’s stock price was up 6.7% during trading on Thursday . The company traded as high as $13.81 and last traded at $13.68. Approximately 229,205 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 1,125,924 shares. The stock had previously closed at $12.82.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on GRPN shares. The Goldman Sachs Group lifted their price target on shares of Groupon from $5.00 to $7.50 and gave the company a “sell” rating in a research report on Friday, January 19th. StockNews.com raised shares of Groupon from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Groupon presently has a consensus rating of “Hold” and a consensus target price of $12.88.
View Our Latest Report on Groupon
Groupon Trading Up 4.1 %
Institutional Investors Weigh In On Groupon
Several institutional investors and hedge funds have recently made changes to their positions in GRPN. Barclays PLC lifted its position in Groupon by 2.1% during the 2nd quarter. Barclays PLC now owns 58,996 shares of the coupon company’s stock worth $349,000 after buying an additional 1,206 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Groupon by 7.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,335 shares of the coupon company’s stock valued at $217,000 after purchasing an additional 1,800 shares during the period. FMR LLC lifted its position in Groupon by 75.1% during the 3rd quarter. FMR LLC now owns 4,391 shares of the coupon company’s stock valued at $67,000 after purchasing an additional 1,883 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Groupon during the 4th quarter valued at about $25,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Groupon by 6.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,723 shares of the coupon company’s stock valued at $536,000 after purchasing an additional 2,355 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.
About Groupon
Groupon, Inc, together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants; and first-party goods inventory. It serves customers through its mobile applications and websites.
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