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Vetr Turns From Bull To Bear After Groupon Finds Upside

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Groupon's Transition Year Keep Analysts On The Sidelines
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The Vetr crowd on Thursday downgraded its rating on Groupon, Inc. (NASDAQ: GRPN) from 5 stars (Strong Buy), issued 29 days ago, to 1 star (Strong Sell). Crowd sentiment at the time of the downgrade was mostly bearish, with 87 percent of Vetr user ratings bearish.

Vetr's downgrade comes a few days after Groupon jumped 13 percent. The company reported a better-than-expected Q3 earnings. While the company did fall short on revenue compared to analyst predictions, Groupon did raise its outlook on FY17.

Groupon finished Thursday's trading day up at $5.27.

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Currently, the Vetr crowd's average price target on Groupon is down at $3.68, which is below the average analyst price target of $4.92. Less than 2 percent of Vetr users are holding GRPN in their watch-lists.

Latest Ratings for GRPN

DateFirmActionFromTo
Feb 2019Goldman SachsInitiates Coverage OnNeutral
Sep 2018WedbushInitiates Coverage OnNeutral
Jul 2018Morgan StanleyMaintainsEqual-WeightEqual-Weight

View More Analyst Ratings for GRPN
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Posted-In: VetrDowngrades Price Target Crowdsourcing Analyst Ratings General

 

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