Groupon (GRPN) Gets a Buy from Northland Securities
Northland Securities analyst Bobby Brooks maintained a Buy rating on Groupon today and set a price target of $44.00. The company’s shares closed yesterday at $25.84.
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Brooks covers the Industrials sector, focusing on stocks such as Tetra Technologies, Ceco Environmental, and Crane NXT. According to TipRanks, Brooks has an average return of 28.9% and a 71.43% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Groupon with a $35.50 average price target.
GRPN market cap is currently $1.06B and has a P/E ratio of -97.62.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GRPN in relation to earlier this year. Last month, Robert J. Bass, a Director at GRPN sold 3,055.00 shares for a total of $96,660.20.
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