GRPN has been the topic of several other research reports. ValuEngine cut Groupon from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Zacks Investment Research cut Groupon from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Finally, Goldman Sachs Group began coverage on Groupon in a research report on Monday, February 4th. They issued a “neutral” rating and a $3.50 price objective on the stock. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.32.
Groupon stock remained flat at $$3.51 during trading on Friday. The company had a trading volume of 3,324,396 shares, compared to its average volume of 5,049,133. Groupon has a 1-year low of $2.80 and a 1-year high of $5.52. The company has a market capitalization of $1.99 billion, a P/E ratio of 39.00, a P/E/G ratio of 8.11 and a beta of 1.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.02 and a quick ratio of 1.02.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Tuesday, April 30th. The coupon company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. Groupon had a positive return on equity of 18.28% and a negative net margin of 1.80%. The business had revenue of $578.40 million during the quarter, compared to the consensus estimate of $552.97 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. Groupon’s revenue was down 7.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Groupon will post 0.07 EPS for the current fiscal year.
In other Groupon news, Director Eric P. Lefkofsky sold 3,000,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $3.33, for a total value of $9,990,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 15.50% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB boosted its position in Groupon by 4.1% in the first quarter. Nordea Investment Management AB now owns 1,266,224 shares of the coupon company’s stock worth $4,494,000 after purchasing an additional 50,092 shares during the last quarter. Lombard Odier Asset Management USA Corp purchased a new position in shares of Groupon during the 1st quarter valued at $1,775,000. BlueCrest Capital Management Ltd purchased a new position in shares of Groupon during the 1st quarter valued at $199,000. Maverick Capital Ltd. purchased a new position in shares of Groupon during the 1st quarter valued at $24,540,000. Finally, Baker Avenue Asset Management LP lifted its position in shares of Groupon by 4.8% during the 1st quarter. Baker Avenue Asset Management LP now owns 233,606 shares of the coupon company’s stock valued at $829,000 after buying an additional 10,785 shares during the last quarter. 68.36% of the stock is currently owned by institutional investors and hedge funds.
Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.
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