Shares of Groupon Inc. (NASDAQ:GRPN) have received an average rating of “Hold” from the twenty-five ratings firms that are currently covering the stock. Three analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $6.92.
A number of equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Groupon from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Vetr upgraded shares of Groupon from a “sell” rating to a “buy” rating and set a $6.47 price target for the company in a research report on Tuesday, August 9th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $6.50 price target on shares of Groupon in a research report on Thursday, August 18th. Jefferies Group reiterated a “hold” rating and set a $4.75 price target on shares of Groupon in a research report on Tuesday, August 23rd. Finally, Boenning Scattergood assumed coverage on shares of Groupon in a research report on Thursday, September 29th. They set a “neutral” rating for the company.
Groupon (NASDAQ:GRPN) opened at 5.15 on Wednesday. Groupon has a 12 month low of $2.15 and a 12 month high of $5.94. The stock’s market capitalization is $2.96 billion. The company has a 50-day moving average price of $5.30 and a 200 day moving average price of $4.30.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, July 27th. The coupon company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. The firm earned $756.03 million during the quarter, compared to the consensus estimate of $710.94 million. Groupon had a negative net margin of 5.71% and a negative return on equity of 14.95%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 earnings per share.
In related news, CAO Brian Stevens sold 15,000 shares of Groupon stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $5.54, for a total transaction of $83,100.00. Following the transaction, the chief accounting officer now owns 147,521 shares in the company, valued at approximately $817,266.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Sullivan sold 20,000 shares of Groupon stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $5.81, for a total transaction of $116,200.00. Following the transaction, the insider now owns 299,778 shares in the company, valued at approximately $1,741,710.18. The disclosure for this sale can be found here. Corporate insiders own 23.86% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Concourse Capital Management LLC acquired a new position in Groupon during the second quarter valued at $104,000. M&T Bank Corp acquired a new position in Groupon during the first quarter valued at $107,000. Jasper Ridge Partners L.P. acquired a new position in Groupon during the second quarter valued at $108,000. Royal Bank of Canada raised its position in Groupon by 80.0% in the second quarter. Royal Bank of Canada now owns 33,375 shares of the coupon company’s stock valued at $109,000 after buying an additional 14,829 shares during the last quarter. Finally, Invictus RG raised its position in Groupon by 79.9% in the first quarter. Invictus RG now owns 30,777 shares of the coupon company’s stock valued at $123,000 after buying an additional 13,670 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.
Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces throughout 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, the Middle East and Africa, and international operations (Rest of World).
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