B. Riley FBR Kept Groupon (GRPN) As a “Buy”; They Now Have a Price Target Of $5.6

November 8, 2018 - By Margaret Downey

Groupon, Inc. (NASDAQ:GRPN) Logo

Investors sentiment increased to 2.75 in 2018 Q2. Its up 1.73, from 1.02 in 2018Q1. It improved, 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.

Royal Bancshares Of Canada has 0% invested in Groupon, Inc. (NASDAQ:GRPN) for 338,874 shares. Qcm Cayman reported 0.23% stake. Baker Avenue Asset Mgmt Ltd Partnership accumulated 253,887 shares. Gabelli Funds Ltd Liability Corporation invested in 0% or 110,000 shares. Raymond James holds 0% or 167,289 shares in its portfolio. Asset Mngmt One holds 1.08 million shares. Petrus Tru Lta holds 0.02% or 20,223 shares. Millennium Mgmt Lc has 0.02% invested in Groupon, Inc. (NASDAQ:GRPN) for 4.39 million shares. Fifth Third State Bank holds 0% or 16,039 shares. Dimensional Fund Lp holds 0.01% or 6.40M shares. Rafferty Asset Management Ltd Liability Corp holds 0% or 31,870 shares in its portfolio. Teacher Retirement System Of Texas accumulated 91,023 shares. Northwestern Mutual Wealth has invested 0% in Groupon, Inc. (NASDAQ:GRPN). First Trust Advsr Ltd Partnership invested in 19.05 million shares or 0.17% of the stock. Old Mutual Invsts (Uk) Ltd accumulated 6.18M shares.

Since May 24, 2018, it had 0 buys, and 3 sales for $12.68 million activity. LEFKOFSKY ERIC P also sold $5.72M worth of Groupon, Inc. (NASDAQ:GRPN) shares.

Groupon (GRPN) Rating Reaffirmed

B. Riley FBR now has a $5.6 TP on the $1.70 billion market cap company or 92.11 % upside potential. In analysts report released on Thursday morning, Groupon (GRPN) shares have had their “Buy” Rating reconfirmed by professional analysts at B. Riley FBR.

The stock increased 2.74% or $0.08 during the last trading session, reaching $2.995. About 14.55 million shares traded or 90.71% up from the average. Groupon, Inc. (GRPN) has declined 12.36% since November 9, 2017 and is downtrending. It has underperformed by 27.98% the S&P500.

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 $1.70 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 important recent Groupon, Inc. (NASDAQ:GRPN) news were published by: Seekingalpha.com which released: “Groupon: Waiting For Panic To Sink In” on October 24, 2018, also Seekingalpha.com published article titled: “Groupon reports mixed Q3; Global units -11% Y/Y”, Seekingalpha.com published: “Stocks To Watch: Looking Beyond The Election” on November 03, 2018. More interesting news about Groupon, Inc. (NASDAQ:GRPN) was released by: Seekingalpha.com and their article: “Groupon, Inc. 2018 Q3 – Results – Earnings Call Slides” with publication date: November 07, 2018.

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

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