The shares of Groupon, Inc. (NASDAQ:GRPN) has been pegged with a rating of Buy by B. Riley FBR in its latest research note that was published on November 8th, 2018. The research company has also assigned a $5.60 price target. B. Riley FBR wasn’t the only research firm that published a report of Groupon, Inc., with other equities research analysts also giving their opinion on the stock. Wedbush advised investors in its research note published on September 14th, 2018, to Neutral the GRPN stock while also putting a $4 price target. The stock had earned Equal-Weight rating from Morgan Stanley when it published its report on March 5th, 2018. The stock was given Neutral rating by Goldman in its report released on January 17th, 2018. Gabelli & Co was of a view that GRPN is Buy in its latest report on October 17th, 2017 while giving it a price target of $7. Goldman thinks that GRPN is worth Sell rating. This was contained in the firm’s report on October 11th, 2017.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 9 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $4.16. The price of the stock the last time has raised by 28.21% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 71.22.
The shares of the company added by 0.56% during the trading session on Friday, reaching a low of $3.51 while ending the day at $3.59. During the trading session, a total of 4.65 million shares were traded which represents a 38.45% incline from the average session volume which is 7.55M shares. GRPN had ended its last session trading at 3.57. Groupon, Inc. currently has a market cap of $2.04B while its P/E earnings growth sits at 0.75, with a beta of 1.30. Groupon, Inc. debt-to-equity ratio currently stands at 0.70, while its quick ratio hovers at 0.90. GRPN 52-week low price stands at $2.80 while its 52-week high price is $5.65.
The company in its last quarterly report recorded $0.04 earnings per share which is above the $0.02 predicted by most analysts. The Groupon, Inc. generated $592.88 million in revenue during the last quarter, which is slightly lower than the $601.89 million predicted by analysts. In the second quarter last year, the firm recorded $0.02 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 50%. Groupon, Inc. has the potential to record -0.03 EPS for the current fiscal year, according to equities analysts.
Investment analysts at JP Morgan published a research note on August 24th, 2018 where it informed investors and clients that Altaba Inc. (NASDAQ:AABA) is now rated as Overweight. Their price target on the stock stands at $88. Wedbush also rated AABA as Initiated on September 14th, 2018, with its price target of suggesting that AABA could surge by 21.4% from its current share price. Even though the stock has been trading at $63.11/share, analysts expect it to surge higher by -0.36% to reach $80.00/share. It started the day trading at $63.57 and traded between $62.53 and $62.88 throughout the trading session.
A look at its technical shows that AABA’s 50-day SMA is 61.30 while its 200-day SMA stands at 68.73. The stock has a high of $82.45 for the year while the low is $54.75. The company’s P/E ratio currently sits at 2.23, while the P/B ratio is 0.80. The company’s average trading volume currently stands at 7.28M shares, which means that the short-interest ratio is just 2.62 days. Over the past seven days, the company moved, with its shift of 7.08%. Looking further, the stock has raised 7.65% over the past 90 days while it lost -15.72% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Elliott Management Corp bought more AABA shares, increasing its portfolio by +13.14% during the last quarter. This move now sees Elliott Management Corp purchasing 2,909,870 shares in the last quarter, thus it now holds 25,057,849 shares of AABA, with a total valuation of $1,451,851,771. Farallon Capital Management LLC meanwhile bought more AABA shares in the recently filed quarter, changing its stake to $1,230,490,147 worth of shares. Merrill Lynch Pierce Fenner S followed the path by increasing its AABA portfolio by +83.01% in the quarter. This means that Merrill Lynch Pierce Fenner S bought 8,494,710 shares in the last quarter and now controls 18,727,784 shares of the AABA stock, with the valuation hitting $1,085,087,805.
Similarly, The Public Sector Pension Investm decreased its Altaba Inc. shares by -28.47% during the recently filed quarter. After selling -7,030,961 shares in the last quarter, the firm now controls 17,661,019 shares of Altaba Inc. which are valued at $1,023,279,441. In the same vein, HBK Investments LP increased its Altaba Inc. shares by during the most recent reported quarter. The firm bought 1,174,857 shares during the quarter which increased its stakes to 16,112,068 shares and is now valued at $933,533,220. Following these latest developments, around 10.35% of Altaba Inc. stocks are owned by institutional investors and hedge funds.