Groupon Inc (NASDAQ:GRPN) – Investment analysts at William Blair decreased their Q3 2020 earnings per share estimates for shares of Groupon in a research report issued on Tuesday, November 5th. William Blair analyst R. Schackart now forecasts that the coupon company will post earnings per share of $0.00 for the quarter, down from their previous forecast of $0.01. William Blair also issued estimates for Groupon’s Q4 2020 earnings at $0.12 EPS and FY2021 earnings at $0.17 EPS.
A number of other equities research analysts have also commented on the company. DA Davidson set a $5.00 price objective on Groupon and gave the stock a “buy” rating in a research report on Monday, September 9th. ValuEngine lowered Groupon from a “hold” rating to a “sell” rating in a research report on Friday. Wedbush set a $3.50 price objective on Groupon and gave the stock a “hold” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. lowered Groupon from a “neutral” rating to an “underweight” rating and set a $3.00 price objective for the company. in a research report on Wednesday. Finally, BidaskClub upgraded Groupon from a “sell” rating to a “hold” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Groupon presently has an average rating of “Hold” and an average target price of $4.02.
NASDAQ GRPN traded up $0.03 during trading on Friday, reaching $2.94. 3,133,700 shares of the company’s stock were exchanged, compared to its average volume of 5,115,275. Groupon has a fifty-two week low of $2.31 and a fifty-two week high of $3.98. The firm has a market capitalization of $1.70 billion, a PE ratio of 32.67 and a beta of 1.34. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The company’s fifty day simple moving average is $2.83 and its 200-day simple moving average is $3.13.
Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Monday, November 4th. The coupon company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. Groupon had a positive return on equity of 9.21% and a negative net margin of 2.21%. The business had revenue of $495.60 million during the quarter, compared to analyst estimates of $523.71 million. During the same quarter last year, the company posted $0.08 EPS. Groupon’s revenue for the quarter was down 16.4% on a year-over-year basis.
In other news, Director Robert J. Bass purchased 50,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was bought at an average cost of $2.58 per share, with a total value of $129,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 15.50% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Groupon during the 2nd quarter worth about $25,000. CSat Investment Advisory L.P. purchased a new stake in shares of Groupon during the 2nd quarter worth about $61,000. Graybill Bartz & Assoc Ltd. bought a new position in shares of Groupon in the 3rd quarter valued at approximately $63,000. Tower Research Capital LLC TRC raised its stake in shares of Groupon by 1,594.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 18,637 shares of the coupon company’s stock valued at $67,000 after acquiring an additional 17,537 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC bought a new position in shares of Groupon in the 2nd quarter valued at approximately $71,000. 67.38% of the stock is owned by institutional investors.
Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.
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