Stock Update: Groupon Inc (NASDAQ:GRPN)

(BusinessWire) Groupon Inc (NASDAQ:GRPN) announced several additions to its popular Deal Builder tool for merchants that expand the platform to include restaurants and provide all businesses with greater control over the appearance and structure of their promotion. Deal Builder, which launched earlier this year and lives onStock PerformanceTaking a look at the company’s recent performance, Groupon reported second quarter earnings for fiscal 2014 on August 5^th. The company reported actual earnings per share of $0.01 against the consensus Street estimate of $0.01. Groupon posted revenue of $751.60 million against estimates of $762.07 million.Groupon Inc (GRPN) is currently valued at $4.05 billion and closed the last trading session at $6.19. The stock has a 50-day moving average of $6.55 and a 200-day moving average of $6.74.

Is this a Buying Opportunity?There are currently Seventeen analysts that we track that cover the stock. Of those Seventeen, eight have a Buy rating and nine have a hold rating. On a consensus basis this yields a score of 2.47 and a Hold. The combined price objective of these covering analysts is $8.41, which represents a 25.8% difference to the last closing price.The most recent analyst activity consisted of RBC Capital upgrading their Underperform stance to Sector Perform on the company. RBC Capital has a price target of $6 which represents an downside of 10% from the last closing price. On the date of the report, the stock closed at $7.06.Another research firm weighing in recently was Credit Suisse who reiterated their rating on the stock. on June 8^th. Credit Suisse decreased their price target on the stock from $10 to $6.5, or a 2.6% downside to the current price. On the day of the report, GRPN shares closed at $5.83.Company ProfileGroupon, Inc. (GRPN) operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record. The company offers deals in various categories, including food and drink, events and activities, beauty and spa, health and fitness, home and garden, and automotive; deals on various product lines comprising electronics, sporting goods, jewelry, toys, home, and apparel; features travel offers that include hotels, airfare, and package deals, which covers domestic and international travel; and tools, such as payments and credit card payment processing service, as well as point-of-sale solutions to merchants.