Groupon (NASDAQ:GRPN – Get Free Report) released its quarterly earnings data 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 analyst estimates of $129.39 million.
Groupon Trading Up 4.9%
Shares of Groupon stock traded up $0.76 during trading hours on Monday, reaching $16.25. The stock had a trading volume of 1,808,298 shares, compared to its average volume of 1,465,134. The stock’s 50 day moving average is $18.29 and its 200 day moving average is $17.66. Groupon has a twelve month low of $9.17 and a twelve month high of $29.90. The firm has a market capitalization of $660.81 million, a PE ratio of -5.23 and a beta of 0.29.
Wall Street Analyst Weigh In
GRPN has been the topic of several analyst reports. Wall Street Zen raised Groupon from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Northland Securities set a $30.00 price target on Groupon in a research report on Monday, August 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Groupon in a report on Friday, September 4th. Finally, The Goldman Sachs Group set a $16.00 price objective on Groupon in a research report on Wednesday, October 7th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $23.00.
Get 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.
See Also
- Five stocks we like better than Groupon
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for Groupon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon and related companies with MarketBeat.com's FREE daily email newsletter.
