Wedbush reaffirmed their neutral rating on shares of Groupon (NASDAQ:GRPN) in a report published on Thursday, September 13th, MarketBeat reports. The firm currently has a $4.00 price target on the coupon company’s stock.
Other equities analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Groupon from a buy rating to a hold rating in a report on Friday, June 8th. Zacks Investment Research cut shares of Groupon from a buy rating to a hold rating in a research note on Thursday, August 9th. Barclays reaffirmed a sell rating and set a $4.50 price objective on shares of Groupon in a research note on Sunday, August 5th. Finally, Morgan Stanley raised their price objective on shares of Groupon from $4.60 to $4.80 and gave the stock an equal weight rating in a research note on Wednesday, July 11th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Groupon has a consensus rating of Hold and an average target price of $5.54.
NASDAQ:GRPN traded down $0.04 during midday trading on Thursday, hitting $3.76. The company’s stock had a trading volume of 4,753,497 shares, compared to its average volume of 9,055,776. Groupon has a fifty-two week low of $3.65 and a fifty-two week high of $5.99. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.72. The company has a market cap of $2.14 billion, a PE ratio of -125.33, a price-to-earnings-growth ratio of 16.04 and a beta of 1.57.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Friday, August 3rd. The coupon company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). Groupon had a negative return on equity of 27.12% and a negative net margin of 1.97%. The business had revenue of $617.40 million during the quarter, compared to analyst estimates of $632.20 million. During the same quarter last year, the company posted $0.02 EPS. Groupon’s quarterly revenue was down 6.8% compared to the same quarter last year. Equities research analysts predict that Groupon will post 0.08 earnings per share for the current fiscal year.
In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $3.82, for a total transaction of $5,730,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 16.90% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Northern Trust Corp lifted its holdings in Groupon by 22.8% in the 2nd quarter. Northern Trust Corp now owns 5,478,673 shares of the coupon company’s stock valued at $23,558,000 after purchasing an additional 1,018,102 shares in the last quarter. Engaged Capital LLC purchased a new position in Groupon in the 2nd quarter valued at $3,733,000. Bank of New York Mellon Corp lifted its holdings in Groupon by 13.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,735,537 shares of the coupon company’s stock valued at $7,463,000 after purchasing an additional 200,635 shares in the last quarter. Jane Street Group LLC lifted its holdings in Groupon by 658.4% in the 2nd quarter. Jane Street Group LLC now owns 153,546 shares of the coupon company’s stock valued at $660,000 after purchasing an additional 133,300 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Groupon in the 2nd quarter valued at $18,865,000. Institutional investors own 66.81% of the company’s stock.
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, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.
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