Groupon Inc (NASDAQ:GRPN) – Equities researchers at DA Davidson issued their Q1 2018 earnings per share (EPS) estimates for Groupon in a report released on Wednesday. DA Davidson analyst T. Forte forecasts that the coupon company will post earnings of ($0.02) per share for the quarter. DA Davidson currently has a “Buy” rating on the stock. DA Davidson also issued estimates for Groupon’s Q2 2018 earnings at ($0.03) EPS, Q3 2018 earnings at ($0.04) EPS, Q4 2018 earnings at $0.02 EPS, FY2019 earnings at ($0.02) EPS, FY2020 earnings at $0.03 EPS and FY2021 earnings at $0.09 EPS.
Several other research firms have also weighed in on GRPN. Vetr lowered shares of Groupon from a “buy” rating to a “hold” rating and set a $6.09 target price for the company. in a report on Monday, December 11th. Piper Jaffray Companies reiterated an “overweight” rating and set a $6.25 price target on shares of Groupon in a report on Tuesday, December 12th. Zacks Investment Research raised shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 target price for the company in a report on Monday, November 6th. TheStreet raised shares of Groupon from a “d” rating to a “c-” rating in a report on Thursday, November 2nd. Finally, BidaskClub lowered shares of Groupon from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Groupon presently has an average rating of “Hold” and a consensus price target of $5.06.
Institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. acquired a new stake in Groupon during the 2nd quarter worth $116,000. ProShare Advisors LLC acquired a new stake in Groupon during the 2nd quarter worth $122,000. Prudential Financial Inc. boosted its stake in Groupon by 157.7% during the 2nd quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock worth $122,000 after purchasing an additional 19,408 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in Groupon during the 3rd quarter worth $122,000. Finally, US Bancorp DE acquired a new stake in Groupon during the 4th quarter worth $133,000. 59.54% of the stock is currently owned by institutional investors.
In related news, CAO Brian Stevens sold 20,000 shares of the business’s 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 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James Sullivan sold 25,000 shares of Groupon stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $5.29, for a total transaction of $132,250.00. Following the sale, the insider now directly owns 350,919 shares in the company, valued at approximately $1,856,361.51. The disclosure for this sale can be found here. In the last three months, insiders sold 1,545,000 shares of company stock valued at $8,901,450. 23.40% of the stock is owned by insiders.
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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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