Shares of Groupon (NASDAQ:GRPN) saw unusually-high trading volume on
Thursday following a stronger than expected earnings report, ARN
reports. Approximately 37,202,898 shares were traded during mid-day
trading, an increase of 185% from the previous session’s volume of
13,036,723 shares.The stock last traded at $7.46 and had previously
closed at $7.58.
The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. The company had revenue of $925.42 million for the quarter, compared to the consensus estimate of $910.23 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis.
A number of analysts have recently weighed in on GRPN shares. Analysts at Deutsche Bank set a $8.00 price target on shares of Groupon and gave the company a “buy” rating in a research note on Tuesday. Analysts at Brean Capital set a $11.00 price target on shares of Groupon and gave the company a “buy” rating in a research note on Monday. Analysts at B. Riley reiterated a “buy” rating and set a $9.50 price target on shares of Groupon in a research note on Friday, February 6th. Finally, analysts at Ascendiant Capital Markets upgraded shares of Groupon from a “sell” rating to a “buy” rating in a research note on Friday, January 30th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Groupon has a consensus rating of “Buy” and a consensus price target of $8.64.
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The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. The company had revenue of $925.42 million for the quarter, compared to the consensus estimate of $910.23 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis.
A number of analysts have recently weighed in on GRPN shares. Analysts at Deutsche Bank set a $8.00 price target on shares of Groupon and gave the company a “buy” rating in a research note on Tuesday. Analysts at Brean Capital set a $11.00 price target on shares of Groupon and gave the company a “buy” rating in a research note on Monday. Analysts at B. Riley reiterated a “buy” rating and set a $9.50 price target on shares of Groupon in a research note on Friday, February 6th. Finally, analysts at Ascendiant Capital Markets upgraded shares of Groupon from a “sell” rating to a “buy” rating in a research note on Friday, January 30th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Groupon has a consensus rating of “Buy” and a consensus price target of $8.64.
Read more at Click here / www.trade4x.net
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