Somewhat Positive News Coverage Somewhat Unlikely to Affect Groupon (NASDAQ:GRPN) Share Price
News coverage about Groupon (NASDAQ:GRPN) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Groupon earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the coupon company an impact score of 46.0070474168243 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Groupon, Inc. (NASDAQ:GRPN) Sees Significantly Higher Trading Volume – Modern Readers (modernreaders.com)
- Groupon Missed on Revenue, but the Shares Spiked Anyway (finance.yahoo.com)
- You Still Can't Beat Apple — but Oreos May Be in Trouble (finance.yahoo.com)
- -$0.03 EPS Expected for Groupon, Inc. (GRPN) This Quarter (americanbankingnews.com)
- Groupon, Inc. (GRPN) – Morgan Stanley Holds Rating And Sets New Price Target (highlightpress.com)
A number of research firms have issued reports on GRPN. UBS AG reduced their price target on shares of Groupon from $3.65 to $2.85 and set a “sell” rating for the company in a research report on Wednesday, May 31st. B. Riley reaffirmed a “neutral” rating and set a $4.20 price objective on shares of Groupon in a research note on Thursday, May 4th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $4.00 price objective on shares of Groupon in a research note on Friday, June 30th. Barclays PLC reaffirmed an “underweight” rating and set a $3.85 price objective (up previously from $3.40) on shares of Groupon in a research note on Thursday. Finally, Cowen and Company reaffirmed a “sell” rating and set a $3.50 price objective on shares of Groupon in a research note on Thursday. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $4.59.
Groupon (NASDAQ:GRPN) traded down 3.29% during midday trading on Friday, reaching $4.12. 9,139,459 shares of the company were exchanged. The company has a 50 day moving average of $3.61 and a 200-day moving average of $3.69. Groupon has a 52-week low of $2.90 and a 52-week high of $5.94. The company’s market capitalization is $2.30 billion.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.06. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The firm had revenue of $662.60 million for the quarter, compared to analyst estimates of $668.84 million. During the same period last year, the company earned ($0.01) EPS. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. On average, equities research analysts anticipate that Groupon will post $0.12 earnings per share for the current fiscal year.
In other Groupon news, CAO Brian Stevens sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $3.15, for a total value of $31,500.00. Following the sale, the chief accounting officer now directly owns 204,141 shares of the company’s stock, valued at approximately $643,044.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peter J. Barris sold 281,352 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $3.04, for a total value of $855,310.08. Following the completion of the sale, the director now directly owns 116,923 shares in the company, valued at $355,445.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 359,105 shares of company stock worth $1,129,243. 23.40% of the stock is owned by corporate insiders.
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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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