Wall Street analysts expect that Groupon Inc Common Stock (NASDAQ:GRPN) will post sales of $630.77 million for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Groupon Inc Common Stock’s earnings, with the highest sales estimate coming in at $632.21 million and the lowest estimate coming in at $629.70 million. Groupon Inc Common Stock posted sales of $662.62 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.8%. The firm is expected to report its next earnings report on Wednesday, November 7th.

On average, analysts expect that Groupon Inc Common Stock will report full year sales of $2.64 billion for the current year, with estimates ranging from $2.60 billion to $2.68 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.66 billion per share, with estimates ranging from $2.55 billion to $2.72 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Groupon Inc Common Stock.

Groupon Inc Common Stock (NASDAQ:GRPN) last released its earnings results on Friday, August 3rd. The coupon company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Groupon Inc Common Stock had a negative return on equity of 27.12% and a negative net margin of 1.97%. The firm had revenue of $617.40 million for the quarter, compared to analyst estimates of $632.20 million. During the same period last year, the business earned $0.02 earnings per share. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year.

GRPN has been the topic of a number of recent research reports. BidaskClub raised Groupon Inc Common Stock from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Wedbush reissued a “neutral” rating and set a $4.00 target price on shares of Groupon Inc Common Stock in a research report on Thursday. Morgan Stanley lifted their target price on Groupon Inc Common Stock from $4.60 to $4.80 and gave the stock an “equal weight” rating in a research report on Wednesday, July 11th. Barclays reissued a “sell” rating and set a $4.50 target price on shares of Groupon Inc Common Stock in a research report on Sunday, August 5th. Finally, Zacks Investment Research downgraded Groupon Inc Common Stock from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.54.

GRPN stock traded up $0.18 during trading on Friday, reaching $4.00. 9,522,861 shares of the stock were exchanged, compared to its average volume of 6,316,789. Groupon Inc Common Stock has a twelve month low of $3.72 and a twelve month high of $5.99. The company has a market cap of $2.18 billion, a PE ratio of 191.50, a price-to-earnings-growth ratio of 21.89 and a beta of 1.59. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.72.

In other Groupon Inc Common Stock news, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon Inc Common Stock stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $3.82, for a total transaction of $5,730,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 16.90% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRPN. Wells Fargo & Company MN boosted its holdings in shares of Groupon Inc Common Stock by 137.2% in the 1st quarter. Wells Fargo & Company MN now owns 3,631,886 shares of the coupon company’s stock worth $15,762,000 after acquiring an additional 2,101,043 shares in the last quarter. Mackay Shields LLC acquired a new position in shares of Groupon Inc Common Stock in the 1st quarter worth approximately $485,000. American Century Companies Inc. acquired a new position in shares of Groupon Inc Common Stock in the 1st quarter worth approximately $3,625,000. Swiss National Bank boosted its holdings in shares of Groupon Inc Common Stock by 2.5% in the 1st quarter. Swiss National Bank now owns 726,266 shares of the coupon company’s stock worth $3,152,000 after acquiring an additional 17,400 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Groupon Inc Common Stock by 10.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,398,383 shares of the coupon company’s stock worth $10,409,000 after acquiring an additional 234,121 shares in the last quarter. 66.82% of the stock is currently owned by institutional investors.

Groupon Inc Common Stock Company Profile

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

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