Groupon (NASDAQ:GRPN) Receiving Somewhat Favorable News Coverage, Study Finds
Headlines about Groupon (NASDAQ:GRPN) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Groupon earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news stories about the coupon company an impact score of 44.8347237103423 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s scoring:
- Financial Review: Zulily (ZU) and Groupon (GRPN) (americanbankingnews.com)
- Why Groupon Stock Fell Last Week (finance.yahoo.com)
- Groupon, Inc. (GRPN) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Groupon Employees Volunteered More than 5,300 Hours Last Month in Their Local Communities (finance.yahoo.com)
- Groupon, Inc. (GRPN) Stock Rating Reaffirmed by Royal Bank Of Canada (healthcaremenu.net)
A number of research analysts have recently commented on GRPN shares. 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 report on Wednesday, May 3rd. Jefferies Group LLC reissued a “hold” rating on shares of Groupon in a report on Monday, May 15th. Morgan Stanley cut shares of Groupon from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $3.90 to $3.50 in a report on Monday, April 24th. BidaskClub raised shares of Groupon from a “strong sell” rating to a “sell” rating in a 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 stock from $4.20 to $5.50 in a report on Thursday, June 29th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.56.
Shares of Groupon (NASDAQ GRPN) traded up 0.949% during mid-day trading on Wednesday, hitting $3.725. 2,752,071 shares of the stock traded hands. The firm’s 50-day moving average is $3.48 and its 200-day moving average is $3.68. Groupon has a 52 week low of $2.90 and a 52 week high of $5.94. The stock’s market cap is $2.09 billion.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, May 3rd. The coupon company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. Groupon had a negative return on equity of 22.40% and a negative net margin of 5.51%. The firm had revenue of $673.63 million during the quarter, compared to the consensus estimate of $721.93 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The business’s revenue was down 3.6% on a year-over-year basis. On average, analysts forecast that Groupon will post $0.10 earnings per share for the current year.
In other news, General Counsel Dane A. Drobny sold 47,753 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $3.59, for a total transaction of $171,433.27. Following the transaction, the general counsel now directly owns 377,721 shares of the company’s stock, valued at $1,356,018.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Brian Stevens sold 10,000 shares of the business’s stock in a transaction that occurred 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 directly owns 204,141 shares in the company, valued at $643,044.15. The disclosure for this sale can be found here. Insiders have sold 359,105 shares of company stock worth $1,129,243 over the last three months. Insiders own 23.40% of the company’s stock.
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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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