Groupon, Inc. (GRPN) Given Consensus Rating of “Hold” by Analysts
Shares of Groupon, Inc. (NASDAQ:GRPN) have been assigned an average rating of “Hold” from the twenty-three ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $4.44.
A number of equities research analysts have recently weighed in on GRPN shares. Vetr raised shares of Groupon from a “buy” rating to a “strong-buy” rating and set a $4.39 price objective on the stock in a report on Wednesday, May 3rd. Morgan Stanley lowered shares of Groupon from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $3.90 to $3.50 in a report on Monday, April 24th. Jefferies Group LLC reissued a “hold” rating on shares of Groupon in a report on Monday, May 15th. BidaskClub raised shares of Groupon from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th. Finally, B. Riley raised shares of Groupon from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $4.20 to $5.50 in a report on Thursday, June 29th.
Groupon (GRPN) opened at 3.99 on Friday. The company’s market capitalization is $2.22 billion. Groupon has a 52-week low of $2.90 and a 52-week high of $5.65. The company has a 50-day moving average price of $3.89 and a 200 day moving average price of $3.74.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. The firm had revenue of $662.60 million for the quarter, compared to analyst estimates of $668.84 million. Groupon had a negative net margin of 4.16% and a negative return on equity of 13.08%. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.01) earnings per share. Equities research analysts anticipate that Groupon will post $0.12 earnings per share for the current year.
In other Groupon news, Director Peter J. Barris sold 562,719 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $3.96, for a total value of $2,228,367.24. Following the completion of the transaction, the director now owns 168,887 shares in the company, valued at $668,792.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Brian Stevens sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $3.15, for a total transaction 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 879,071 shares of company stock valued at $3,214,177. Insiders own 23.40% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of GRPN. Karp Capital Management Corp purchased a new position in shares of Groupon during the first quarter worth $108,000. Invictus RG increased its position in shares of Groupon by 359.6% in the first quarter. Invictus RG now owns 28,782 shares of the coupon company’s stock worth $113,000 after buying an additional 22,520 shares during the period. Aperio Group LLC increased its position in shares of Groupon by 4.6% in the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after buying an additional 1,268 shares during the period. FNY Managed Accounts LLC bought a new position in Groupon during the first quarter valued at $117,000. Finally, Ameritas Investment Partners Inc. bought a new position in Groupon during the second quarter valued at $116,000. Institutional investors and hedge funds own 57.64% 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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