Groupon, Inc. Forecasted to Earn FY2017 Earnings of ($0.06) Per Share (GRPN)
Groupon, Inc. (NASDAQ:GRPN) – Research analysts at Gabelli issued their FY2017 earnings per share estimates for shares of Groupon in a report released on Tuesday. Gabelli analyst M. Trusz anticipates that the coupon company will post earnings per share of ($0.06) for the year. Gabelli currently has a “Buy” rating and a $7.00 target price on the stock. Gabelli also issued estimates for Groupon’s FY2018 earnings at ($0.01) EPS, FY2019 earnings at $0.04 EPS, FY2020 earnings at $0.09 EPS and FY2021 earnings at $0.08 EPS.
Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.06. The firm had revenue of $662.60 million for the quarter, compared to the consensus estimate of $668.84 million. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period last year, the business posted ($0.01) EPS.
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Several other equities analysts also recently issued reports on the company. Jefferies Group LLC reissued a “hold” rating and issued a $4.00 target price on shares of Groupon in a research report on Thursday. B. Riley upped their target price on Groupon from $5.50 to $6.30 and gave the company a “buy” rating in a research report on Wednesday. Cowen and Company raised Groupon from an “underperform” rating to a “market perform” rating and upped their target price for the company from $2.90 to $5.38 in a research report on Monday. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $4.70 price target on shares of Groupon in a report on Wednesday, October 11th. Finally, Vetr lowered shares of Groupon from a “strong-buy” rating to a “buy” rating and set a $5.83 price target on the stock. in a report on Wednesday, October 4th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $4.77.
Groupon (NASDAQ GRPN) traded down 4.44% during trading on Friday, hitting $4.73. The stock had a trading volume of 3,211,529 shares. The company’s 50 day moving average is $4.70 and its 200 day moving average is $3.92. The firm’s market cap is $2.63 billion. Groupon has a 52-week low of $2.90 and a 52-week high of $5.38.
Hedge funds have recently bought and sold shares of the company. Karp Capital Management Corp purchased a new stake in shares of Groupon during the 1st quarter worth about $108,000. Invictus RG boosted its stake in shares of Groupon by 359.6% during the 1st quarter. Invictus RG now owns 28,782 shares of the coupon company’s stock worth $113,000 after acquiring an additional 22,520 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Groupon by 4.6% during the 2nd quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after acquiring an additional 1,268 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Groupon during the 2nd quarter worth about $116,000. Finally, SG Americas Securities LLC boosted its stake in shares of Groupon by 6.8% during the 1st quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock worth $123,000 after acquiring an additional 2,000 shares in the last quarter. 56.08% of the stock is currently owned by institutional investors and hedge funds.
In other news, CAO Brian Stevens sold 10,000 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $4.04, for a total transaction of $40,400.00. Following the sale, the chief accounting officer now directly owns 215,696 shares of the company’s stock, valued at approximately $871,411.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James Sullivan sold 25,000 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $4.90, for a total transaction of $122,500.00. Following the sale, the insider now directly owns 353,524 shares in the company, valued at $1,732,267.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,872,719 shares of company stock worth $12,375,267. Corporate insiders own 23.40% of the company’s stock.
Groupon Company Profile
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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