Groupon (GRPN) Posts Earnings Results

Groupon (NASDAQ:GRPN) announced its quarterly earnings results on Wednesday. The coupon company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02), Bloomberg Earnings reports. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The company had revenue of $873.17 million for the quarter, compared to analyst estimates of $853.13 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. Groupon’s revenue was down 3.5% on a year-over-year basis.

Shares of Groupon (NASDAQ:GRPN) traded up $0.06 during trading on Wednesday, reaching $5.20. 24,794,199 shares of the company were exchanged, compared to its average volume of 9,420,024. Groupon has a one year low of $2.90 and a one year high of $5.99. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $2,870.19, a P/E ratio of -34.66, a P/E/G ratio of 27.05 and a beta of 1.47.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Groupon from a “hold” rating to a “sell” rating in a research report on Monday. Gabelli started coverage on shares of Groupon in a research report on Tuesday, October 17th. They set a “buy” rating and a $7.00 price target for the company. Vetr lowered shares of Groupon from a “buy” rating to a “hold” rating and set a $5.74 price objective for the company. in a research note on Tuesday, November 21st. Barclays raised their price objective on shares of Groupon from $3.85 to $4.40 and gave the company an “underweight” rating in a research note on Thursday, November 2nd. Finally, DA Davidson reissued a “buy” rating on shares of Groupon in a research note on Thursday, November 30th. Six analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $5.06.

In related news, CAO Brian Stevens sold 20,000 shares of Groupon stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 222,354 shares in the company, valued at $1,269,641.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction that occurred 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. 23.40% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of GRPN. Prudential Financial Inc. lifted its stake in Groupon by 157.7% in 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 during the last quarter. Principal Financial Group Inc. lifted its stake in Groupon by 45.3% in the second quarter. Principal Financial Group Inc. now owns 47,264 shares of the coupon company’s stock worth $181,000 after acquiring an additional 14,735 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Groupon by 23.7% in the second quarter. Wells Fargo & Company MN now owns 631,926 shares of the coupon company’s stock worth $2,427,000 after acquiring an additional 121,129 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Groupon by 306.9% in the second quarter. Alliancebernstein L.P. now owns 430,030 shares of the coupon company’s stock worth $1,651,000 after acquiring an additional 324,356 shares during the last quarter. Finally, Nationwide Fund Advisors purchased a new position in Groupon in the second quarter worth approximately $1,093,000. Institutional investors own 59.81% of the company’s stock.

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About Groupon

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 for Groupon (NASDAQ:GRPN)

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