Groupon’s (GRPN) Sell Rating Reiterated at UBS AG
UBS AG reiterated their sell rating on shares of Groupon, Inc. (NASDAQ:GRPN) in a report issued on Thursday, www.flashratings.com reports. They currently have a $3.10 price target on the coupon company’s stock, up from their prior price target of $2.85.
A number of other analysts have also recently commented on GRPN. B. Riley upgraded shares of Groupon to a buy rating and set a $5.50 price target on the stock in a research note on Tuesday, July 4th. Credit Suisse Group restated a neutral rating on shares of Groupon in a research note on Thursday. BidaskClub upgraded shares of Groupon from a sell rating to a hold rating in a research note on Thursday. Cowen and Company restated a sell rating and set a $3.50 price target on shares of Groupon in a research note on Thursday. Finally, Barclays PLC restated an underweight rating and set a $3.85 price target (up from $3.40) on shares of Groupon in a research note on Thursday. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and an average target price of $4.59.
Groupon (NASDAQ GRPN) traded down 3.29% during midday trading on Thursday, hitting $4.12. 9,139,459 shares of the stock were exchanged. The firm’s market capitalization is $2.30 billion. The firm’s 50-day moving average price is $3.61 and its 200 day moving average price is $3.69. Groupon has a 1-year low of $2.90 and a 1-year high of $5.94.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.06. The company had revenue of $662.60 million for the quarter, compared to analysts’ expectations 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 was down 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.01) EPS. Analysts expect that Groupon will post $0.12 earnings per share for the current fiscal year.
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In related news, General Counsel Dane A. Drobny sold 47,753 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $3.59, for a total transaction of $171,433.27. Following the transaction, the general counsel now owns 377,721 shares of the company’s stock, valued at approximately $1,356,018.39. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James Sullivan sold 20,000 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $3.55, for a total transaction of $71,000.00. Following the transaction, the insider now directly owns 339,120 shares in the company, valued at approximately $1,203,876. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 359,105 shares of company stock worth $1,129,243. 23.40% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in Groupon during the fourth quarter valued at approximately $670,000. Norges Bank acquired a new position in Groupon during the fourth quarter valued at approximately $11,260,000. Teachers Advisors LLC raised its position in 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 in the last quarter. Highbridge Capital Management LLC acquired a new position in Groupon during the fourth quarter valued at approximately $113,000. Finally, Creative Planning raised its position in Groupon by 9.8% in the first quarter. Creative Planning now owns 73,837 shares of the coupon company’s stock valued at $290,000 after buying an additional 6,580 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors.
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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