Groupon, Inc. (NASDAQ:GRPN) – Stock analysts at Jefferies Group reduced their Q4 2017 earnings per share (EPS) estimates for Groupon in a report issued on Monday. Jefferies Group analyst B. Fitzgerald now expects that the coupon company will earn $0.05 per share for the quarter, down from their previous forecast of $0.06. Jefferies Group currently has a “Hold” rating and a $4.00 target price on the stock.
Other equities research analysts also recently issued reports about the company. B. Riley raised Groupon to a “buy” rating and set a $5.50 price target on the stock in a research report on Tuesday, July 4th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $4.00 price target on shares of Groupon in a research report on Friday, June 30th. Bank of America Corporation reaffirmed an “underperform” rating and issued a $3.50 price target on shares of Groupon in a research report on Friday, July 21st. Wedbush reaffirmed a “positive” rating and issued a $4.08 price target (down from $4.50) on shares of Groupon in a research report on Wednesday, August 23rd. Finally, Cowen and Company raised Groupon from an “underperform” rating to a “market perform” rating and raised their price target for the company from $2.90 to $5.38 in a research report on Monday. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $4.77.
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Shares of Groupon (NASDAQ GRPN) traded down 1.80% during midday trading on Thursday, hitting $4.91. The stock had a trading volume of 2,034,529 shares. The firm has a 50-day moving average price of $4.68 and a 200-day moving average price of $3.91. The firm’s market cap is $2.73 billion. Groupon has a 1-year low of $2.90 and a 1-year high of $5.38.
Groupon (NASDAQ:GRPN) last issued its earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The company had revenue of $662.60 million during the quarter, compared to the consensus estimate of $668.84 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. The company’s revenue was down 8.5% compared to the same quarter last year.
In other news, Director Peter J. Barris sold 562,719 shares of Groupon stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $3.96, for a total value of $2,228,367.24. Following the completion of the transaction, the director now owns 168,887 shares in the company, valued at $668,792.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Sullivan sold 25,000 shares of Groupon stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $4.90, for a total transaction of $122,500.00. Following the completion of the transaction, the insider now owns 353,524 shares of the company’s stock, valued at approximately $1,732,267.60. The disclosure for this sale can be found here. Insiders sold 2,872,719 shares of company stock valued at $12,375,267 in the last quarter. 23.40% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in shares of Groupon in the second quarter valued at approximately $116,000. Raymond James Financial Services Advisors Inc. raised its position in Groupon by 14.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 58,487 shares of the coupon company’s stock worth $225,000 after purchasing an additional 7,407 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Groupon by 1,570.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 271,342 shares of the coupon company’s stock worth $1,042,000 after purchasing an additional 255,098 shares during the last quarter. State Street Corp raised its position in Groupon by 38.2% in the 2nd quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock worth $33,898,000 after purchasing an additional 2,440,783 shares during the last quarter. Finally, Ulysses Management LLC bought a new position in Groupon in the 2nd quarter worth approximately $5,760,000. Institutional investors own 56.08% of the company’s stock.
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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