Groupon (NASDAQ:GRPN – Get Free Report) released its quarterly earnings results on Monday. The coupon company reported ($0.03) earnings per share for the quarter, FiscalAI reports. The business had revenue of $125.45 million during the quarter, compared to analysts’ expectations of $129.39 million.
Groupon Stock Performance
GRPN traded up $0.76 on Monday, hitting $16.25. 1,808,296 shares of the company were exchanged, compared to its average volume of 1,464,870. Groupon has a 12 month low of $9.17 and a 12 month high of $29.90. The company has a market cap of $660.81 million, a PE ratio of -5.23 and a beta of 0.29. The stock’s fifty day moving average is $18.29 and its 200-day moving average is $17.66.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on GRPN shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Groupon in a research report on Friday, September 4th. The Goldman Sachs Group set a $16.00 target price on shares of Groupon in a report on Wednesday, October 7th. Northland Securities set a $30.00 target price on shares of Groupon in a research report on Monday, August 17th. Finally, Wall Street Zen upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $23.00.
Read Our Latest Research Report on GRPN
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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