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Groupon (GRPN) Receives a Sell from Goldman Sachs

Goldman Sachs analyst Mike Ng maintained a Sell rating on Groupon (GRPNResearch Report) today and set a price target of $12.10. The company’s shares closed last Wednesday at $13.52, close to its 52-week low of $13.50.

According to TipRanks.com, Ng is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -22.5% and a 30.1% success rate. Ng covers the Technology sector, focusing on stocks such as Opendoor Technologies, Zillow Group Class A, and Upstart Holdings.

Currently, the analyst consensus on Groupon is a Hold with an average price target of $18.42, a 34.8% upside from current levels. In a report released yesterday, Barclays also maintained a Sell rating on the stock with a $12.00 price target.

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The company has a one-year high of $49.85 and a one-year low of $13.50. Currently, Groupon has an average volume of 1.01M.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GRPN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Groupon, Inc. operates as a global scaled two-sided marketplace that connects consumers to merchants. The firm provides marketing services by selling vouchers through online local marketplaces. It operates through North America and International segment. The company was founded by Andrew D. Mason, Eric Paul Lefkofsky, and Bradley A. Keywell on January 15, 2008 and is headquartered in Chicago, IL.

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