Groupon, Inc. (NASDAQ:GRPN) Given “Sell” Rating at Cowen and Company
Cowen and Company reissued their sell rating on shares of Groupon, Inc. (NASDAQ:GRPN) in a research report report published on Thursday. They currently have a $3.50 price target on the coupon company’s stock.
Other research analysts also recently issued reports about the stock. Maxim Group lowered their price objective on shares of Groupon from $5.50 to $4.25 and set a buy rating on the stock in a research report on Thursday, May 4th. Vetr downgraded shares of Groupon from a strong-buy rating to a buy rating and set a $4.26 price objective on the stock. in a research report on Monday, May 1st. B. Riley raised shares of Groupon from a neutral rating to a buy rating and raised their price objective for the stock from $4.20 to $5.50 in a research report on Thursday, June 29th. Loop Capital reissued a hold rating on shares of Groupon in a research report on Wednesday, April 19th. Finally, Jefferies Group LLC reissued a hold rating on shares of Groupon in a research report on Friday, May 5th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $4.59.
Groupon (NASDAQ GRPN) traded down 3.29% on Thursday, reaching $4.12. 9,139,459 shares of the company were exchanged. Groupon has a 52 week low of $2.90 and a 52 week high of $5.94. The stock has a 50-day moving average price of $3.61 and a 200 day moving average price of $3.69. The stock’s market capitalization is $2.30 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 Thomson Reuters’ 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 company had revenue of $662.60 million for the quarter, compared to the consensus estimate of $668.84 million. During the same period last year, the firm posted ($0.01) EPS. Groupon’s revenue for the quarter was down 8.5% on a year-over-year basis. Analysts forecast that Groupon will post $0.12 earnings per share for the current year.
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In related news, General Counsel Dane A. Drobny sold 47,753 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $3.59, for a total value of $171,433.27. Following the completion of the sale, the general counsel now owns 377,721 shares in the company, valued at $1,356,018.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian Stevens sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $3.15, for a total transaction of $31,500.00. Following the completion of the sale, the chief accounting officer now owns 204,141 shares of the company’s stock, valued at approximately $643,044.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 359,105 shares of company stock worth $1,129,243. Insiders own 23.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP boosted its stake in shares of Groupon by 43.4% in the second quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock valued at $62,685,000 after buying an additional 4,937,648 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Groupon by 4.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 4,800,000 shares of the coupon company’s stock valued at $18,432,000 after buying an additional 200,000 shares during the period. Teachers Advisors LLC boosted its stake in shares of Groupon by 5.3% in the fourth quarter. Teachers Advisors LLC now owns 4,261,167 shares of the coupon company’s stock valued at $14,147,000 after buying an additional 213,139 shares during the period. Norges Bank bought a new stake in shares of Groupon during the fourth quarter valued at approximately $11,260,000. Finally, Geode Capital Management LLC boosted its stake in shares of Groupon by 6.8% in the first quarter. Geode Capital Management LLC now owns 3,145,124 shares of the coupon company’s stock valued at $12,360,000 after buying an additional 200,246 shares during the period. Hedge funds and other institutional investors own 57.15% of the company’s stock.
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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