Shares of Groupon Inc (NASDAQ:GRPN) have been assigned a consensus rating of “Hold” from the twenty-four research firms that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $4.99.
Several research firms have recently weighed in on GRPN. BidaskClub downgraded shares of Groupon from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Citigroup raised their price target on shares of Groupon from $5.00 to $5.50 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Gabelli began coverage on shares of Groupon in a research note on Tuesday, October 17th. They issued a “buy” rating and a $7.00 price target on the stock. TheStreet raised shares of Groupon from a “d” rating to a “c-” rating in a research note on Thursday, November 2nd. Finally, Vetr raised shares of Groupon from a “hold” rating to a “buy” rating and set a $6.09 price target on the stock in a research note on Monday, December 4th.
In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $5.77, for a total transaction of $8,655,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Sullivan sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $4.90, for a total transaction of $122,500.00. Following the sale, the insider now owns 353,524 shares of the company’s stock, valued at $1,732,267.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,570,000 shares of company stock valued at $9,023,950. 23.40% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System acquired a new stake in shares of Groupon during the third quarter valued at about $122,000. Aperio Group LLC increased its position in shares of Groupon by 4.6% during the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock valued at $111,000 after acquiring an additional 1,268 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Groupon during the second quarter valued at about $116,000. Prudential Financial Inc. increased its position in shares of Groupon by 157.7% during the second quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock valued at $122,000 after acquiring an additional 19,408 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new stake in shares of Groupon during the second quarter valued at about $122,000. Institutional investors and hedge funds own 60.01% of the company’s stock.
Groupon (NASDAQ:GRPN) opened at $5.37 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.86 and a current ratio of 0.86. Groupon has a 52 week low of $2.90 and a 52 week high of $5.99.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. The firm had revenue of $634.46 million for the quarter, compared to the consensus estimate of $642.62 million. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period last year, the firm posted ($0.01) earnings per share. equities analysts expect that Groupon will post -0.02 EPS for the current year.
Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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