Groupon, Inc. (GRPN) Given Average Recommendation of “Hold” by Brokerages
Groupon, Inc. (NASDAQ:GRPN) has been given an average rating of “Hold” by the twenty-three analysts that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $4.38.
Several brokerages recently commented on GRPN. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $4.00 price objective on shares of Groupon in a research report on Friday, June 30th. Barclays PLC began coverage on shares of Groupon in a research report on Tuesday, March 28th. They issued an “underweight” rating and a $3.60 price objective for the company. Vetr lowered shares of Groupon from a “strong-buy” rating to a “buy” rating and set a $4.26 price objective for the company. in a research report on Monday, May 1st. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $6.50 price objective on shares of Groupon in a research report on Saturday, April 22nd. Finally, BidaskClub raised shares of Groupon from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th.
Groupon (GRPN) traded up 0.137% on Tuesday, hitting $3.655. 1,122,216 shares of the stock traded hands. The firm has a 50-day moving average price of $3.48 and a 200-day moving average price of $3.68. The company’s market capitalization is $2.05 billion. Groupon has a 12 month low of $2.90 and a 12 month high of $5.94.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, May 3rd. The coupon company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. The firm had revenue of $673.63 million during the quarter, compared to analyst estimates of $721.93 million. Groupon had a negative net margin of 5.51% and a negative return on equity of 22.40%. Groupon’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm posted ($0.01) EPS. Analysts forecast that Groupon will post $0.10 earnings per share for the current year.
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In related news, General Counsel Dane A. Drobny sold 47,753 shares of Groupon stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $3.59, for a total value of $171,433.27. Following the sale, the general counsel now owns 377,721 shares of the company’s stock, valued at approximately $1,356,018.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brian Stevens sold 10,000 shares of Groupon stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $3.15, for a total transaction of $31,500.00. Following the completion of the sale, the chief accounting officer now directly owns 204,141 shares in the company, valued at approximately $643,044.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 359,105 shares of company stock valued at $1,129,243. Insiders own 23.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in GRPN. Russell Investments Group Ltd. bought a new stake in Groupon during the fourth quarter worth about $670,000. State Street Corp boosted its stake in Groupon by 6.2% in the fourth quarter. State Street Corp now owns 6,593,331 shares of the coupon company’s stock worth $21,890,000 after buying an additional 386,179 shares in the last quarter. Tudor Investment Corp Et Al bought a new stake in Groupon during the fourth quarter worth about $203,000. Norges Bank bought a new stake in Groupon during the fourth quarter worth about $11,260,000. Finally, Teachers Advisors LLC boosted its stake in Groupon by 5.3% in the fourth quarter. Teachers Advisors LLC now owns 4,261,167 shares of the coupon company’s stock worth $14,147,000 after buying an additional 213,139 shares in the last quarter. 57.27% of the stock is currently owned by hedge funds and other institutional investors.
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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