Groupon, Inc. (NASDAQ:GRPN) – Research analysts at Gabelli issued their FY2017 earnings per share estimates for shares of Groupon in a report released on Tuesday. Gabelli analyst M. Trusz anticipates that the coupon company will post earnings per share of ($0.06) for the year. Gabelli currently has a “Buy” rating and a $7.00 target price on the stock. Gabelli also issued estimates for Groupon’s FY2018 earnings at ($0.01) EPS, FY2019 earnings at $0.04 EPS, FY2020 earnings at $0.09 EPS and FY2021 earnings at $0.08 EPS.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.06. The firm had revenue of $662.60 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 8.5% on a year-over-year basis. During the same period last year, the business posted ($0.01) EPS.

ILLEGAL ACTIVITY WARNING: “Groupon, Inc. Forecasted to Earn FY2017 Earnings of ($0.06) Per Share (GRPN)” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/10/20/groupon-inc-forecasted-to-earn-fy2017-earnings-of-0-06-per-share-grpn.html.

Several other equities analysts also recently issued reports on the company. Jefferies Group LLC reissued a “hold” rating and issued a $4.00 target price on shares of Groupon in a research report on Thursday. B. Riley upped their target price on Groupon from $5.50 to $6.30 and gave the company a “buy” rating in a research report on Wednesday. Cowen and Company raised Groupon from an “underperform” rating to a “market perform” rating and upped their target price for the company from $2.90 to $5.38 in a research report on Monday. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $4.70 price target on shares of Groupon in a report on Wednesday, October 11th. Finally, Vetr lowered shares of Groupon from a “strong-buy” rating to a “buy” rating and set a $5.83 price target on the stock. in a report on Wednesday, October 4th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $4.77.

Groupon (NASDAQ GRPN) traded down 4.44% during trading on Friday, hitting $4.73. The stock had a trading volume of 3,211,529 shares. The company’s 50 day moving average is $4.70 and its 200 day moving average is $3.92. The firm’s market cap is $2.63 billion. Groupon has a 52-week low of $2.90 and a 52-week high of $5.38.

Hedge funds have recently bought and sold shares of the company. Karp Capital Management Corp purchased a new stake in shares of Groupon during the 1st quarter worth about $108,000. Invictus RG boosted its stake in shares of Groupon by 359.6% during the 1st quarter. Invictus RG now owns 28,782 shares of the coupon company’s stock worth $113,000 after acquiring an additional 22,520 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Groupon by 4.6% during the 2nd quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after acquiring an additional 1,268 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Groupon during the 2nd quarter worth about $116,000. Finally, SG Americas Securities LLC boosted its stake in shares of Groupon by 6.8% during the 1st quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock worth $123,000 after acquiring an additional 2,000 shares in the last quarter. 56.08% of the stock is currently owned by institutional investors and hedge funds.

In other news, CAO Brian Stevens sold 10,000 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $4.04, for a total transaction of $40,400.00. Following the sale, the chief accounting officer now directly owns 215,696 shares of the company’s stock, valued at approximately $871,411.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James Sullivan sold 25,000 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $4.90, for a total transaction of $122,500.00. Following the sale, the insider now directly owns 353,524 shares in the company, valued at $1,732,267.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,872,719 shares of company stock worth $12,375,267. Corporate insiders own 23.40% of the company’s stock.

Groupon Company Profile

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).

Earnings History and Estimates for Groupon (NASDAQ:GRPN)

Receive News & Ratings for Groupon Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon Inc. and related companies with MarketBeat.com's FREE daily email newsletter.