William Blair Comments on Groupon, Inc.’s Q1 2018 Earnings (NASDAQ:GRPN)
Groupon, Inc. (NASDAQ:GRPN) – Stock analysts at William Blair issued their Q1 2018 earnings per share (EPS) estimates for Groupon in a research note issued to investors on Wednesday. William Blair analyst R. Schackart anticipates that the coupon company will post earnings per share of ($0.01) for the quarter. William Blair also issued estimates for Groupon’s Q2 2018 earnings at ($0.01) EPS and Q3 2018 earnings at ($0.01) EPS.
Several other research firms also recently commented on GRPN. UBS AG reaffirmed a “sell” rating and issued a $3.10 price objective (up previously from $2.85) on shares of Groupon in a research note on Thursday. Barclays PLC reaffirmed an “underweight” rating and issued a $3.85 price objective (up previously from $3.40) on shares of Groupon in a research note on Thursday. Cowen and Company reaffirmed a “sell” rating and issued a $3.50 price objective on shares of Groupon in a research note on Thursday. Credit Suisse Group reaffirmed a “neutral” rating on shares of Groupon in a research note on Thursday. Finally, BidaskClub raised Groupon from a “sell” rating to a “hold” rating in a research note on Thursday. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.59.
COPYRIGHT VIOLATION WARNING: “William Blair Comments on Groupon, Inc.’s Q1 2018 Earnings (NASDAQ:GRPN)” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/07/william-blair-comments-on-groupon-inc-s-q1-2018-earnings-nasdaqgrpn.html. Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.06. The business had revenue of $662.60 million during the quarter, compared to analyst estimates of $668.84 million. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) EPS.
In other news, Director Peter J. Barris sold 281,352 shares of Groupon stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $3.04, for a total value of $855,310.08. Following the completion of the transaction, the director now owns 116,923 shares in the company, valued at approximately $355,445.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Brian Stevens sold 10,000 shares of Groupon stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $3.15, for a total value of $31,500.00. Following the completion of the transaction, the chief accounting officer now owns 204,141 shares of the company’s stock, valued at approximately $643,044.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 359,105 shares of company stock valued at $1,129,243. Company insiders own 23.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in GRPN. Norges Bank bought a new position in shares of Groupon during the fourth quarter worth approximately $11,260,000. HRT Financial LLC boosted its position in shares of Groupon by 50.8% in the first quarter. HRT Financial LLC now owns 51,080 shares of the coupon company’s stock worth $200,000 after buying an additional 17,204 shares during the period. Swiss National Bank boosted its position in shares of Groupon by 2.1% in the first quarter. Swiss National Bank now owns 708,866 shares of the coupon company’s stock worth $2,786,000 after buying an additional 14,800 shares during the period. TLP Group LLC bought a new position in shares of Groupon during the first quarter worth approximately $384,000. Finally, Hamilton Lane Advisors LLC boosted its position in shares of Groupon by 540.6% in the first quarter. Hamilton Lane Advisors LLC now owns 114,146 shares of the coupon company’s stock worth $449,000 after buying an additional 96,327 shares during the period. Hedge funds and other institutional investors own 56.27% of the company’s stock.
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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