Groupon (NASDAQ:GRPN) has earned an average recommendation of “Hold” from the twenty-three analysts that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $4.90.
A number of brokerages have issued reports on GRPN. BidaskClub cut shares of Groupon from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research raised shares of Groupon from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Morgan Stanley reaffirmed a “sell” rating and issued a $4.30 price objective on shares of Groupon in a research note on Thursday, February 15th. Piper Jaffray reiterated an “overweight” rating and set a $6.25 price target on shares of Groupon in a research note on Tuesday, December 12th. Finally, JPMorgan Chase reduced their price objective on shares of Groupon from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, February 15th.
In related news, CAO Brian Stevens sold 15,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $4.61, for a total transaction of $69,150.00. Following the sale, the chief accounting officer now directly owns 232,751 shares in the company, valued at $1,072,982.11. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $4.60, for a total transaction of $6,900,000.00. The disclosure for this sale can be found here. Company insiders own 23.40% of the company’s stock.
Several large investors have recently modified their holdings of GRPN. New York State Common Retirement Fund raised its holdings in shares of Groupon by 5.3% during the third quarter. New York State Common Retirement Fund now owns 351,800 shares of the coupon company’s stock worth $1,829,000 after acquiring an additional 17,800 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Groupon by 1.4% during the third quarter. Bank of New York Mellon Corp now owns 1,470,358 shares of the coupon company’s stock worth $7,646,000 after acquiring an additional 20,651 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Groupon during the third quarter worth $579,000. American International Group Inc. raised its holdings in shares of Groupon by 8.1% during the third quarter. American International Group Inc. now owns 227,807 shares of the coupon company’s stock worth $1,185,000 after acquiring an additional 17,033 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Groupon by 18.7% during the third quarter. Legal & General Group Plc now owns 173,644 shares of the coupon company’s stock worth $897,000 after acquiring an additional 27,382 shares during the period. Institutional investors and hedge funds own 63.58% of the company’s stock.
GRPN stock traded down $0.04 during midday trading on Friday, reaching $4.37. The company’s stock had a trading volume of 2,855,358 shares, compared to its average volume of 7,181,099. Groupon has a 52 week low of $2.90 and a 52 week high of $5.99. The stock has a market cap of $2,453.89, a PE ratio of -145.67, a PEG ratio of 19.61 and a beta of 1.40. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, February 14th. The coupon company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Groupon had a net margin of 0.49% and a return on equity of 0.22%. The business had revenue of $873.17 million during the quarter, compared to the consensus estimate of $853.13 million. During the same period in the previous year, the business posted $0.07 earnings per share. Groupon’s revenue was down 3.5% compared to the same quarter last year. sell-side analysts predict that Groupon will post 0.03 earnings per share for the current fiscal year.
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Groupon Company Profile
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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