Groupon Inc (GRPN) Given Consensus Rating of “Hold” by Brokerages
Groupon Inc (NASDAQ:GRPN) has been given a consensus rating of “Hold” by the twenty-four analysts that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $4.92.
Several equities analysts have recently weighed in on the company. DA Davidson restated a “buy” rating on shares of Groupon in a report on Thursday, November 30th. Piper Jaffray Companies restated an “overweight” rating and issued a $6.25 price objective (up previously from $5.50) on shares of Groupon in a report on Wednesday, November 1st. Vetr upgraded Groupon from a “strong sell” rating to a “sell” rating and set a $5.14 price objective for the company in a report on Tuesday, November 7th. TheStreet upgraded Groupon from a “d” rating to a “c-” rating in a report on Thursday, November 2nd. Finally, Gabelli assumed coverage on Groupon in a report on Tuesday, October 17th. They issued a “buy” rating and a $7.00 price objective for the company.
Shares of Groupon (GRPN) opened at $5.11 on Tuesday. Groupon has a 12 month low of $2.90 and a 12 month high of $5.99. The stock has a market capitalization of $2,850.00, a PE ratio of -34.07, a price-to-earnings-growth ratio of 26.89 and a beta of 1.57. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.99.
Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share (EPS) for the quarter. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The firm had revenue of $634.46 million for the quarter, compared to the consensus estimate of $642.62 million. During the same quarter last year, the business posted ($0.01) EPS. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. equities research analysts forecast that Groupon will post -0.02 earnings per share for the current fiscal year.
In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $5.77, for a total transaction of $8,655,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brian Stevens sold 20,000 shares of Groupon stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $5.71, for a total value of $114,200.00. Following the transaction, the chief accounting officer now owns 222,354 shares of the company’s stock, valued at approximately $1,269,641.34. The disclosure for this sale can be found here. Insiders have sold 1,545,000 shares of company stock valued at $8,901,450 in the last quarter. 23.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Nationwide Fund Advisors acquired a new stake in Groupon during the second quarter worth approximately $1,093,000. Westpac Banking Corp acquired a new stake in Groupon during the third quarter worth approximately $877,000. Global X MANAGEMENT CO LLC lifted its position in Groupon by 16.2% during the third quarter. Global X MANAGEMENT CO LLC now owns 559,862 shares of the coupon company’s stock worth $2,911,000 after acquiring an additional 78,027 shares during the last quarter. Quantbot Technologies LP lifted its position in Groupon by 150.3% during the second quarter. Quantbot Technologies LP now owns 300,100 shares of the coupon company’s stock worth $1,152,000 after acquiring an additional 180,200 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in Groupon during the third quarter worth approximately $579,000. Hedge funds and other institutional investors own 60.01% 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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