Groupon (NASDAQ: GRPN) released its earnings data on Wednesday. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.11. The company had revenue of $638.30 million for the quarter, compared to the consensus estimate of $638.41 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 29.7% on a year-over-year basis.
GRPN has been the subject of a number of recent research reports. Analysts at Piper Jaffray upgraded shares of Groupon from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday, February 21st. They now have a $8.00 price target on the stock, up previously from $5.50. On a related note, analysts at Telsey Advisory Group set a $5.00 price target on shares of Groupon in a research note to investors on Wednesday, February 20th. Finally, analysts at Evercore Partners reiterated an “underweight” rating on shares of Groupon in a research note to investors on Thursday, February 14th.
Shares of Groupon (GRPN) traded up 7.79% during mid-day trading on Wednesday, hitting $5.9825. Groupon (GRPN) has a one year low of $2.60 and a one year high of $20.18. The stock’s 50-day moving average is currently $5.37. The company’s market cap is $3.923 billion.
Groupon, Inc. (Groupon) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount.
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