DA Davidson Weighs in on Groupon Inc’s FY2022 Earnings (GRPN)

Groupon Inc (NASDAQ:GRPN) – Stock analysts at DA Davidson issued their FY2022 EPS estimates for shares of Groupon in a note issued to investors on Wednesday. DA Davidson analyst T. Forte expects that the coupon company will post earnings of $0.14 per share for the year. DA Davidson currently has a “Buy” rating on the stock.

GRPN has been the topic of several other research reports. BidaskClub lowered shares of Groupon from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Citigroup lifted their target price on shares of Groupon from $5.00 to $5.50 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Gabelli assumed coverage on shares of Groupon in a report on Tuesday, October 17th. They set a “buy” rating and a $7.00 target price on the stock. Zacks Investment Research lowered shares of Groupon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, TheStreet upgraded shares of Groupon from a “d” rating to a “c-” rating in a report on Thursday, November 2nd. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Groupon has a consensus rating of “Hold” and a consensus price target of $5.06.

Groupon (NASDAQ:GRPN) traded down $0.03 during trading hours on Friday, hitting $5.02. 19,147,198 shares of the company traded hands, compared to its average volume of 8,230,000. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $2,800.00, a price-to-earnings ratio of -33.47, a price-to-earnings-growth ratio of 27.00 and a beta of 1.47. Groupon has a 1-year low of $2.90 and a 1-year high of $5.99.

Several large investors have recently made changes to their positions in GRPN. Ameritas Investment Partners Inc. bought a new stake in shares of Groupon during the 2nd quarter valued at about $116,000. ProShare Advisors LLC bought a new stake in shares of Groupon during the 2nd quarter valued at about $122,000. Prudential Financial Inc. grew its position in shares of Groupon by 157.7% during the 2nd quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock valued at $122,000 after buying an additional 19,408 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of Groupon during the 3rd quarter valued at about $122,000. Finally, US Bancorp DE bought a new stake in shares of Groupon during the 4th quarter valued at about $133,000. 59.54% of the stock is owned by institutional investors and hedge funds.

In other news, CAO Brian Stevens sold 20,000 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $5.71, for a total value of $114,200.00. Following the completion of the sale, the chief accounting officer now owns 222,354 shares of the company’s stock, valued at approximately $1,269,641.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the business’s stock in a transaction dated 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. Insiders sold a total of 1,545,000 shares of company stock valued at $8,901,450 in the last three months. Insiders own 23.40% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “DA Davidson Weighs in on Groupon Inc’s FY2022 Earnings (GRPN)” was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/09/da-davidson-weighs-in-on-groupon-incs-fy2022-earnings-grpn.html.

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).

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

Leave a Reply