BidaskClub cut shares of Groupon (NASDAQ:GRPN) from a hold rating to a sell rating in a research report sent to investors on Saturday.
Other equities research analysts have also recently issued research reports about the stock. DA Davidson restated a buy rating on shares of Groupon in a report on Thursday, November 30th. Piper Jaffray Companies restated a buy rating and issued a $6.25 target price on shares of Groupon in a report on Monday, November 20th. B. Riley restated a buy rating and issued a $6.30 target price on shares of Groupon in a report on Thursday, November 2nd. Vetr upgraded shares of Groupon from a hold rating to a buy rating and set a $6.09 price target on the stock in a research report on Monday, December 4th. Finally, TheStreet upgraded shares of Groupon from a d rating to a c- rating in a research report on Thursday, November 2nd. Seven investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $5.08.
Shares of Groupon (NASDAQ:GRPN) opened at $4.51 on Friday. Groupon has a fifty-two week low of $2.90 and a fifty-two week high of $5.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.86.
Groupon (NASDAQ:GRPN) last issued its earnings results on Wednesday, February 14th. The coupon company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). Groupon had a return on equity of 0.22% and a net margin of 0.49%. The company had revenue of $873.17 million during the quarter, compared to analysts’ expectations of $853.13 million. During the same quarter in the prior year, the business posted $0.07 EPS. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. sell-side analysts forecast that Groupon will post 0.03 EPS for the current year.
In other news, CAO Brian Stevens sold 20,000 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $5.71, for a total transaction of $114,200.00. Following the sale, the chief accounting officer now directly owns 222,354 shares in the company, valued at approximately $1,269,641.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $5.77, for a total transaction of $8,655,000.00. The disclosure for this sale can be found here. 23.40% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in GRPN. Pictet Asset Management Ltd. bought a new stake in shares of Groupon during the 3rd quarter valued at $37,704,000. Millennium Management LLC raised its position in shares of Groupon by 5,979.6% during the 4th quarter. Millennium Management LLC now owns 6,695,130 shares of the coupon company’s stock valued at $34,145,000 after purchasing an additional 6,585,005 shares during the period. SG Capital Management LLC bought a new stake in shares of Groupon during the 3rd quarter valued at $16,741,000. State Street Corp raised its position in shares of Groupon by 38.2% during the 2nd quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock valued at $33,898,000 after purchasing an additional 2,440,783 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Groupon by 8.1% during the 2nd quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock valued at $124,620,000 after purchasing an additional 2,430,907 shares during the period. Hedge funds and other institutional investors own 59.81% of the company’s stock.
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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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