Groupon (NASDAQ:GRPN) was upgraded by investment analysts at Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has a $5.40 price objective on the coupon company’s stock. Goldman Sachs Group’s price objective would suggest a potential upside of 7.36% from the company’s current price.
A number of other analysts have also weighed in on GRPN. Vetr lowered shares of Groupon from a “buy” rating to a “hold” rating and set a $6.09 price objective on the stock. in a research note on Monday, December 11th. Piper Jaffray Companies reiterated an “overweight” rating and set a $6.25 price target on shares of Groupon in a research note on Tuesday, December 12th. DA Davidson reiterated a “buy” rating on shares of Groupon in a research note on Thursday, November 30th. Zacks Investment Research upgraded shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective on the stock in a research note on Monday, November 6th. Finally, TheStreet upgraded shares of Groupon from a “d” rating to a “c-” rating in a research note on Thursday, November 2nd. Five analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $5.02.
Groupon (GRPN) traded down $0.08 during midday trading on Wednesday, hitting $5.03. 11,952,600 shares of the company’s stock were exchanged, compared to its average volume of 8,740,700. The stock has a market capitalization of $2,880.00, a PE ratio of -33.53, a P/E/G ratio of 26.89 and a beta of 1.57. Groupon has a fifty-two week low of $2.90 and a fifty-two week high of $5.99. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.99.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $634.46 million during the quarter, compared to analysts’ expectations of $642.62 million. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The business’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.01) earnings per share. sell-side analysts forecast that Groupon will post -0.02 earnings per share for the current year.
In other news, CAO Brian Stevens sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $5.71, for a total value of $114,200.00. Following the transaction, the chief accounting officer now directly owns 222,354 shares of the company’s stock, valued at $1,269,641.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James Sullivan sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $5.29, for a total transaction of $132,250.00. Following the completion of the transaction, the insider now directly owns 350,919 shares in the company, valued at $1,856,361.51. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,545,000 shares of company stock worth $8,901,450. Insiders own 23.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of GRPN. Schwab Charles Investment Management Inc. raised its stake in Groupon by 33.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,978,469 shares of the coupon company’s stock worth $7,598,000 after purchasing an additional 498,238 shares during the period. SG Americas Securities LLC raised its stake in Groupon by 24.9% during the second quarter. SG Americas Securities LLC now owns 39,212 shares of the coupon company’s stock worth $151,000 after purchasing an additional 7,813 shares during the period. Bank of New York Mellon Corp raised its stake in Groupon by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 1,449,707 shares of the coupon company’s stock worth $5,567,000 after purchasing an additional 25,642 shares during the period. BNP Paribas Arbitrage SA raised its stake in Groupon by 234.9% during the second quarter. BNP Paribas Arbitrage SA now owns 51,877 shares of the coupon company’s stock worth $199,000 after purchasing an additional 36,388 shares during the period. Finally, Prudential Financial Inc. raised its stake in Groupon by 157.7% during the second quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock worth $122,000 after purchasing an additional 19,408 shares during the period. 60.01% of the stock is currently owned by institutional investors.
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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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