Barclays Keeps Their Sell Rating on Groupon Inc (GRPN)

By Carrie Williams

In a report issued on August 3, Deepak Mathivanan from Barclays maintained a Sell rating on Groupon Inc (NASDAQ: GRPN), with a price target of $4.50. The company’s shares closed on Friday at $4.86.

According to TipRanks.com, Mathivanan is a 4-star analyst with an average return of 19.6% and a 67.2% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Mercadolibre, Webcom Group, and Wix.com Ltd.

The word on The Street in general, suggests a Hold analyst consensus rating for Groupon Inc with a $5.93 average price target.

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Based on Groupon Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $95.03 million. In comparison, last year the company had a GAAP net loss of $9.33 million.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GRPN in relation to earlier this year. Most recently, in May 2018, Theodore Leonsis, a Director at GRPN bought 603,750 shares for a total of $24,150.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Groupon, Inc. engages in the operation of online local commerce marketplace that connects merchants to consumers by offering goods and services at a discount. It operates through the following business segments: North America, EMEA, and Rest of World. The North America segment comprises of the United States and Canada.