Groupon (NASDAQ:GRPN) Issues Quarterly Earnings Results

Groupon (NASDAQ:GRPN) issued its earnings results on Tuesday. The coupon company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02), FiscalAI reports. Groupon had a negative net margin of 28.52% and a negative return on equity of 717.37%. The business had revenue of $132.71 million during the quarter, compared to analyst estimates of $137.34 million.

Groupon Price Performance

Shares of NASDAQ GRPN traded down $0.49 during mid-day trading on Tuesday, hitting $11.58. 2,839,286 shares of the stock traded hands, compared to its average volume of 1,000,906. The company has a market cap of $472.00 million, a PE ratio of -3.32 and a beta of -0.02. Groupon has a twelve month low of $9.21 and a twelve month high of $43.08. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $14.44 and a two-hundred day simple moving average of $18.27.

Institutional Trading of Groupon

Hedge funds have recently made changes to their positions in the company. Quarry LP raised its holdings in Groupon by 48.1% during the 3rd quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock worth $45,000 after purchasing an additional 629 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Groupon by 18.7% in the 4th quarter. Royal Bank of Canada now owns 6,887 shares of the coupon company’s stock valued at $122,000 after purchasing an additional 1,085 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Groupon in the 3rd quarter valued at $32,000. Franklin Resources Inc. increased its position in shares of Groupon by 6.9% during the fourth quarter. Franklin Resources Inc. now owns 21,340 shares of the coupon company’s stock worth $376,000 after buying an additional 1,377 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Groupon by 4.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,126 shares of the coupon company’s stock worth $566,000 after buying an additional 1,486 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Groupon in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Groupon currently has a consensus rating of “Hold” and a consensus price target of $31.25.

About Groupon

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.