News articles about Groupon (NASDAQ:GRPN) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Groupon earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media stories about the coupon company an impact score of 45.88754575911 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Groupon, Inc. (GRPN) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Groupon Inc (GRPN) Sees Awesome Oscillator Trending Lower – Evergreen Caller (evergreencaller.com)
- Groupon May Turn The Corner – Seeking Alpha (seekingalpha.com)
- ETFs with exposure to Groupon, Inc. : August 18, 2017 (finance.yahoo.com)
- Watching the Tape Move for Groupon Inc (GRPN) – Evergreen Caller (evergreencaller.com)
A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada reissued a “hold” rating and set a $4.00 price target on shares of Groupon in a research report on Friday, June 30th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $6.50 target price on shares of Groupon in a report on Saturday, April 22nd. Vetr downgraded Groupon from a “strong-buy” rating to a “buy” rating and set a $4.26 target price on the stock. in a report on Monday, May 1st. BidaskClub raised Groupon from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $4.20 target price on shares of Groupon in a report on Thursday, May 4th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.59.
Groupon (NASDAQ GRPN) opened at 3.99 on Friday. Groupon has a 12 month low of $2.90 and a 12 month high of $5.65. The company’s market capitalization is $2.22 billion. The company’s 50-day moving average price is $3.89 and its 200 day moving average price is $3.74.
Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.06. The company had revenue of $662.60 million during the quarter, compared to analyst estimates of $668.84 million. Groupon had a negative net margin of 4.16% and a negative return on equity of 13.08%. Groupon’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) earnings per share. Analysts forecast that Groupon will post $0.12 EPS for the current fiscal year.
In other news, insider James Sullivan sold 25,000 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $3.96, for a total transaction of $99,000.00. Following the completion of the sale, the insider now directly owns 343,353 shares in the company, valued at $1,359,677.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter J. Barris sold 562,719 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $3.96, for a total transaction of $2,228,367.24. Following the sale, the director now owns 168,887 shares of the company’s stock, valued at $668,792.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 879,071 shares of company stock valued at $3,214,177. 23.40% of the stock is currently owned by company 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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