Groupon Inc (NASDAQ:GRPN) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 42,810,771 shares, a drop of 10.2% from the February 15th total of 47,681,536 shares. Currently, 10.6% of the company’s stock are short sold. Based on an average trading volume of 9,617,647 shares, the days-to-cover ratio is presently 4.5 days.
GRPN has been the topic of several research analyst reports. Vetr upgraded 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. DA Davidson reiterated a “buy” rating on shares of Groupon in a research note on Thursday, November 30th. Piper Jaffray Companies reiterated a “buy” rating and set a $6.25 price target on shares of Groupon in a research note on Monday, November 20th. Morgan Stanley upgraded shares of Groupon from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $4.27 to $4.00 in a research note on Monday, March 5th. Finally, Zacks Investment Research lowered shares of Groupon from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $5.06.
Groupon (GRPN) opened at $4.63 on Wednesday. Groupon has a one year low of $2.90 and a one year high of $5.99. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. The stock has a market cap of $2,690.00, a PE ratio of 231.50, a PEG ratio of 20.19 and a beta of 1.61.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, February 14th. The coupon company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Groupon had a return on equity of 0.22% and a net margin of 0.49%. The firm had revenue of $873.17 million for the quarter, compared to analyst estimates of $853.13 million. During the same quarter last year, the firm earned $0.07 earnings per share. The company’s revenue was down 3.5% compared to the same quarter last year. research analysts predict that Groupon will post 0.03 EPS for the current year.
In related news, CAO Brian Stevens sold 15,000 shares of Groupon stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $4.61, for a total transaction of $69,150.00. Following the sale, the chief accounting officer now directly owns 232,751 shares in the company, valued at approximately $1,072,982.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $4.60, for a total transaction of $6,900,000.00. The disclosure for this sale can be found here. 23.40% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Price Michael F increased its stake in shares of Groupon by 390.0% during the fourth quarter. Price Michael F now owns 490,000 shares of the coupon company’s stock worth $2,499,000 after acquiring an additional 390,000 shares during the period. Penserra Capital Management LLC acquired a new position in shares of Groupon during the fourth quarter worth about $4,933,000. Westpac Banking Corp increased its stake in shares of Groupon by 41.9% during the fourth quarter. Westpac Banking Corp now owns 239,360 shares of the coupon company’s stock worth $1,221,000 after acquiring an additional 70,690 shares during the period. River & Mercantile Asset Management LLP increased its stake in shares of Groupon by 24.0% during the fourth quarter. River & Mercantile Asset Management LLP now owns 812,460 shares of the coupon company’s stock worth $4,139,000 after acquiring an additional 157,290 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in shares of Groupon during the fourth quarter worth about $1,518,000. Institutional investors and hedge funds own 63.58% of the company’s stock.
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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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