Groupon (NASDAQ:GRPN) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other equities analysts have also weighed in on the stock. Vetr upgraded shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.79 price objective on the stock in a report on Tuesday. Piper Jaffray Companies reiterated an “overweight” rating and set a $6.25 price target on shares of Groupon in a report on Tuesday. DA Davidson restated a “buy” rating on shares of Groupon in a report on Thursday, November 30th. Zacks Investment Research upgraded shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective on the stock in a report on Monday, November 6th. Finally, TheStreet upgraded shares of Groupon from a “d” rating to a “c-” rating in a report on Thursday, November 2nd. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Groupon currently has a consensus rating of “Hold” and an average price target of $5.02.

Shares of Groupon (NASDAQ GRPN) traded down $0.03 during midday trading on Friday, reaching $5.28. 10,106,815 shares of the company traded hands, compared to its average volume of 7,869,653. Groupon has a fifty-two week low of $2.90 and a fifty-two week high of $5.99. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.99.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The business had revenue of $634.46 million for the quarter, compared to analyst estimates of $642.62 million. During the same period in the prior year, the business posted ($0.01) earnings per share. Groupon’s revenue was down 7.6% compared to the same quarter last year. research analysts predict that Groupon will post -0.02 EPS for the current fiscal year.

In other Groupon news, CAO Brian Stevens sold 20,000 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $5.71, for a total value of $114,200.00. Following the sale, the chief accounting officer now directly owns 222,354 shares in the company, valued at $1,269,641.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $5.77, for a total transaction of $8,655,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,570,000 shares of company stock worth $9,023,950. Company insiders own 23.40% of the company’s stock.

Hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System bought a new stake in shares of Groupon during the third quarter worth $122,000. Aperio Group LLC increased its position in shares of Groupon by 4.6% during the second 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. bought a new stake in shares of Groupon during the second quarter worth $116,000. Prudential Financial Inc. increased its position in shares of Groupon by 157.7% during the second quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock worth $122,000 after acquiring an additional 19,408 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in shares of Groupon during the second quarter worth $122,000. 60.04% of the stock is owned by institutional investors.

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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).

Analyst Recommendations for Groupon (NASDAQ:GRPN)

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