Groupon, Inc. (NASDAQ:GRPN) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, August 1st.
A number of other research analysts also recently weighed in on the stock. Vetr raised shares of Groupon from a “buy” rating to a “strong-buy” rating and set a $4.39 target price for the company in a research report on Wednesday, May 3rd. Morgan Stanley downgraded shares of Groupon from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $3.90 to $3.50 in a research report on Monday, April 24th. Jefferies Group LLC reissued a “hold” rating on shares of Groupon in a research report on Monday, May 15th. BidaskClub raised shares of Groupon from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th. Finally, B. Riley raised shares of Groupon from a “neutral” rating to a “buy” rating and increased their target price for the company from $4.20 to $5.50 in a research report on Thursday, June 29th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.59.
Shares of Groupon (GRPN) traded up 3.64% during midday trading on Tuesday, reaching $3.99. 5,482,757 shares of the company’s stock traded hands. Groupon has a 12 month low of $2.90 and a 12 month high of $5.65. The stock has a 50-day moving average price of $3.89 and a 200 day moving average price of $3.74. The firm’s market cap is $2.22 billion.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.06. Groupon had a negative net margin of 4.16% and a negative return on equity of 13.08%. The business had revenue of $662.60 million during the quarter, compared to the consensus estimate of $668.84 million. During the same period in the prior year, the firm posted ($0.01) EPS. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. Equities research analysts predict that Groupon will post $0.12 earnings per share for the current year.
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In other news, CAO Brian Stevens sold 10,000 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $3.15, for a total value of $31,500.00. Following the transaction, the chief accounting officer now owns 204,141 shares of the company’s stock, valued at approximately $643,044.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James Sullivan sold 25,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $3.96, for a total transaction of $99,000.00. Following the completion of the transaction, the insider now directly owns 343,353 shares in the company, valued at approximately $1,359,677.88. The disclosure for this sale can be found here. Insiders sold a total of 879,071 shares of company stock worth $3,214,177 over the last quarter. Corporate insiders own 23.40% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas raised its position in shares of Groupon by 3.6% in the first quarter. Teacher Retirement System of Texas now owns 35,185 shares of the coupon company’s stock worth $138,000 after buying an additional 1,222 shares during the last quarter. Aperio Group LLC raised its position in shares of Groupon by 4.6% in the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after buying an additional 1,268 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Groupon by 2.0% in the second quarter. Suntrust Banks Inc. now owns 65,767 shares of the coupon company’s stock worth $252,000 after buying an additional 1,272 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Groupon by 6.8% in the first quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock worth $123,000 after buying an additional 2,000 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Groupon by 1.9% in the second quarter. Voya Investment Management LLC now owns 152,428 shares of the coupon company’s stock worth $585,000 after buying an additional 2,911 shares during the last quarter. 57.64% of the stock is currently owned by hedge funds and other institutional investors.
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).
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