Groupon Inc (NASDAQ:GRPN) shares fell 22 percent, the most in a year, after the online-discounts company forecast first-quarter profit that trailed analysts’ estimates on higher expenses for acquisitions and marketing. Two purchases last month will hurt profit by $20 million this quarter, Groupon said yesterday after the markets closed. That impact, plus $25 million in additional expenses for marketing and growth initiatives, will lead to adjusted earnings before interest, taxes, depreciation and amortization of $20 million to $40 million, Groupon said. Analysts had estimated $96 million, according to data compiled by Bloomberg. Groupon Inc (NASDAQ:GRPN) stock opened at $8.96 in last trading session, and closed at $8.03, trading in the range of $8.00 – $8.97. The stock showed a negative weekly performance of -25.37%.
FleetMatics Group PLC (NASDAQ:FLTX) shares were down 10.5% during trading on Friday after FBR Capital Markets lowered their price target on the stock from $50.00 to $42.00, Stock Ratings Network reports. FBR Capital Markets currently has an outperform rating on the stock. FleetMatics Group PLC traded as low as $33.54 and last traded at $35.75, with a volume of 5,243,859 shares traded. The stock had previously closed at $39.95. FleetMatics Group PLC (NYSE:FLTX) shares closed at $36.47 on last trade day, by losing -8.71%. Stock 52 week range is $21.14 – $52.28. Company’s market capitalization is $1.34 billion.
NII Holdings Inc (NASDAQ:NIHD) average recommendation is hold with average Target Price of $4.36. NII Holdings Inc (NASDAQ:NIHD) stock decreased -5.16% and finished the last session at $2.94. The EPS of the stock remained -8.47. Company’s market capitalization is $506.97 billion.
ARRIS Group (NASDAQ:ARRS) had its target price lifted by Needham & Company from $22.00 to $32.00 in a research note released on Thursday morning, Analyst RN reports. They currently have a buy rating on the stock. ARRIS Group, Inc. (NASDAQ:ARRS) stock opened at $31.17 in last trading session and closed at $29.73. The 52 week range of the stock is $14.07 – $31.42 and the day range was $29.70 – $31.27.