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UPDATE: Jefferies Reiterates $4 PT, Hold Rating on Groupon Following Disappointing Quarter

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Jefferies maintained Groupon (NASDAQ: GRPN) with a Hold rating and a $4.00 price target.

Jefferies noted, "Groupon reported another miss quarter with strong gross billings growth but somewhat disappointing revenue growth and surprisingly low margins. Revenue growth of 30% Y/Y was driven by 109% Y/Y growth in NA, offsetting a decline of 16% Y/Y (-14% ex-FX) internationally. In addition, 1Q13 guidance came materially short of expectations. We reiterate our Hold rating and $4 PT."

Groupon closed at $5.98 on Wednesday.

Latest Ratings for GRPN

DateFirmActionFromTo
Oct 2016WedbushUpgradesNeutralOutperform
Oct 2016MacquarieMaintainsOutperform
Sep 2016Boenning & ScattergoodInitiates Coverage onNeutral

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Posted-In: JefferiesAnalyst Color Reiteration Analyst Ratings

 

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