Market Overview

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

Related GRPN
Sears Appoints New Executive (revised) - Analyst Blog
Updated Research Report on MICROS - Analyst Blog
Twitter Avoids Social Media Slump Despite Outage (Fox Business)

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.

Posted-In: JefferiesAnalyst Color Reiteration Analyst Ratings

 

Most Popular

Related Articles (GRPN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free