Groupon (GRPN) Is A Stock That Wedbush Seems to be Very Interested In

September 15, 2018 - By Kristen Paramore

Groupon, Inc. (NASDAQ:GRPN) Logo

Investors sentiment increased to 2.75 in 2018 Q2. Its up 1.73, from 1.02 in 2018Q1. It is positive, as 17 investors sold Groupon, Inc. shares while 31 reduced holdings. 45 funds opened positions while 87 raised stakes. 335.27 million shares or 1.04% more from 331.81 million shares in 2018Q1 were reported.

Hall Laurie J Trustee stated it has 1,250 shares or 0% of all its holdings. Bancshares Of Montreal Can has invested 0% of its portfolio in Groupon, Inc. (NASDAQ:GRPN). 260,313 are owned by State Board Of Administration Of Florida Retirement Sys. Century owns 1.65M shares. Exane Derivatives holds 163 shares. Parametric Portfolio Associates Llc stated it has 938,902 shares. Savings Bank Of America De reported 3.04M shares. Moreover, Leisure Management has 0.29% invested in Groupon, Inc. (NASDAQ:GRPN) for 79,767 shares. Raymond James & Assoc holds 167,289 shares. Dubuque National Bank & Trust &, a Iowa-based fund reported 5,946 shares. Citadel Advisors Lc holds 0% of its portfolio in Groupon, Inc. (NASDAQ:GRPN) for 1.30 million shares. Los Angeles Capital & Equity Rech owns 151,690 shares. California Public Employees Retirement accumulated 0.01% or 903,023 shares. Aperio Group Limited Co has invested 0% of its portfolio in Groupon, Inc. (NASDAQ:GRPN). Panagora Asset Mngmt owns 38,572 shares for 0% of their portfolio.

Since May 24, 2018, it had 0 buys, and 2 insider sales for $6.96 million activity. On Thursday, May 24 the insider Stevens Brian sold $69,300.

Why Has Wedbush Given Groupon (GRPN) a $4.0 Price Target

In a note revealed to clients today, Wedbush analysts has begun Groupon (GRPN) coverage with “Neutral” rating, and a $4.0 TP.

The stock increased 4.71% or $0.18 during the last trading session, reaching $4. About 9.52M shares traded. Groupon, Inc. (GRPN) has declined 12.36% since September 15, 2017 and is downtrending. It has underperformed by 27.98% the S&P500.

Analysts await Groupon, Inc. (NASDAQ:GRPN) to report earnings on November, 7. They expect $-0.01 EPS, 0.00 % or $0.00 from last year’s $-0.01 per share. After $-0.01 actual EPS reported by Groupon, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Groupon, Inc. operates online local commerce marketplaces that connect merchants to clients by offering goods and services at a discount in North America, Europe, the Middle East, Africa, and internationally. The company has market cap of $2.27 billion. The firm provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals. It currently has negative earnings. It offers its deal offerings to clients through Websites; search engines; mobile applications and mobile Web browsers, which enable clients to browse, purchase, manage, and redeem deals on their mobile devices; emails; affiliate channels; display advertising; and television and radio advertising.

More news for Groupon, Inc. (NASDAQ:GRPN) were recently published by:, which released: “Benzinga’s Top Upgrades, Downgrades For September 14, 2018” on September 14, 2018.‘s article titled: “Investor Expectations to Drive Momentum within Groupon, JetBlue Airways, BRF SA, INTL FCStone, Oasis Petroleum …” and published on August 22, 2018 is yet another important article.

Groupon, Inc. (NASDAQ:GRPN) Institutional Positions Chart

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