Barclays analyst Deepak Mathivanan maintained a Sell rating on Groupon Inc (NASDAQ: GRPN) yesterday and set a price target of $4.75. The company’s shares closed yesterday at $5.18.
According to TipRanks.com, Mathivanan is a 4-star analyst with an average return of 18.8% and a 72.0% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Mercadolibre, Webcom Group, and Wix.com Ltd.
Groupon Inc has an analyst consensus of Hold, with a price target consensus of $5.44.
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Based on Groupon Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $6.89 million. In comparison, last year the company had a GAAP net loss of $23.15 million.
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Groupon, Inc. engages in the operation of online local commerce marketplace that connects merchants to consumers by offering goods and services at a discount. It operates through the following business segments: North America, EMEA, and Rest of World. The North America segment comprises of the United States and Canada.
