Groupon (NASDAQ:GRPN – Get Free Report) released its quarterly earnings results on Monday. The coupon company reported ($0.03) EPS for the quarter, FiscalAI reports. The firm had revenue of $125.45 million during the quarter, compared to the consensus estimate of $129.39 million.
Groupon Price Performance
GRPN stock traded up $0.76 during trading hours on Monday, reaching $16.25. 1,808,296 shares of the stock were exchanged, compared to its average volume of 1,464,870. The firm’s 50-day moving average is $18.29 and its 200-day moving average is $17.66. The company has a market cap of $660.81 million, a price-to-earnings ratio of -5.23 and a beta of 0.29. Groupon has a 12 month low of $9.17 and a 12 month high of $29.90.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on GRPN shares. The Goldman Sachs Group set a $16.00 price objective on Groupon in a research report on Wednesday, October 7th. Northland Securities set a $30.00 target price on shares of Groupon in a report on Monday, August 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Groupon in a research note on Friday, September 4th. Finally, Wall Street Zen raised shares of Groupon from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Groupon has an average rating of “Reduce” and an average target price of $23.00.
Check Out Our Latest Report on Groupon
About Groupon
Groupon, Inc (NASDAQ: GRPN) operates a global e-commerce marketplace that connects consumers with local merchants, service providers and businesses. Through its website and mobile applications, the company offers customers promotions and vouchers for experiences, dining, beauty and wellness services, entertainment, travel and other locally focused activities.
Groupon also provides deals on selected products and merchandise, giving participating businesses a platform to reach new customers and generate demand.
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