Shares of Groupon Inc (NASDAQ:GRPN) gapped down before the market opened on Friday . The stock had previously closed at $3.35, but opened at $3.28. Groupon shares last traded at $3.16, with a volume of 6973857 shares traded.

GRPN has been the subject of a number of research reports. BidaskClub cut shares of Groupon from a “sell” rating to a “strong sell” rating in a research note on Friday, September 7th. Wedbush reissued a “neutral” rating and set a $4.00 target price on shares of Groupon in a research note on Thursday, September 13th. TheStreet cut shares of Groupon from a “c-” rating to a “d+” rating in a research note on Wednesday, September 26th. Zacks Investment Research raised shares of Groupon from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Monday, October 8th. Finally, Barclays reissued a “sell” rating and set a $4.50 target price on shares of Groupon in a research note on Sunday, August 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Groupon currently has a consensus rating of “Hold” and a consensus target price of $5.39.

The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -105.33, a PEG ratio of 13.45 and a beta of 1.57.

Groupon (NASDAQ:GRPN) last posted its earnings results on Friday, August 3rd. The coupon company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). The business had revenue of $617.40 million for the quarter, compared to analysts’ expectations of $632.20 million. Groupon had a negative net margin of 1.97% and a negative return on equity of 27.12%. The business’s revenue was down 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 earnings per share. As a group, analysts forecast that Groupon Inc will post 0.08 EPS for the current year.

In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $3.82, for a total transaction of $5,730,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 16.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP boosted its position in shares of Groupon by 23.8% in the third quarter. First Trust Advisors LP now owns 23,581,289 shares of the coupon company’s stock worth $88,901,000 after acquiring an additional 4,530,364 shares during the last quarter. Northern Trust Corp boosted its position in shares of Groupon by 22.8% in the second quarter. Northern Trust Corp now owns 5,478,673 shares of the coupon company’s stock worth $23,558,000 after acquiring an additional 1,018,102 shares during the last quarter. Engaged Capital LLC acquired a new stake in shares of Groupon in the second quarter worth approximately $3,733,000. Bank of New York Mellon Corp boosted its position in shares of Groupon by 13.1% in the second quarter. Bank of New York Mellon Corp now owns 1,735,537 shares of the coupon company’s stock worth $7,463,000 after acquiring an additional 200,635 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Groupon by 658.4% in the second quarter. Jane Street Group LLC now owns 153,546 shares of the coupon company’s stock worth $660,000 after acquiring an additional 133,300 shares during the last quarter. Institutional investors and hedge funds own 66.61% of the company’s stock.

Groupon Company Profile (NASDAQ:GRPN)

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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