BidaskClub upgraded shares of Groupon (NASDAQ:GRPN) from a hold rating to a buy rating in a research report released on Wednesday morning.
Several other research firms have also recently weighed in on GRPN. Zacks Investment Research cut shares of Groupon from a strong-buy rating to a hold rating in a research report on Tuesday, January 2nd. Goldman Sachs upgraded shares of Groupon from a sell rating to a neutral rating and set a $5.40 price objective for the company in a research report on Wednesday, January 17th. Morgan Stanley restated a sell rating and issued a $4.30 price objective on shares of Groupon in a research report on Thursday, February 15th. Finally, JPMorgan Chase lowered their price objective on shares of Groupon from $6.00 to $5.00 and set a neutral rating for the company in a research report on Thursday, February 15th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $5.06.
GRPN opened at $4.83 on Wednesday. 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 has a 1-year low of $2.90 and a 1-year high of $5.99.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Wednesday, February 14th. The coupon company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $873.17 million during the quarter, compared to analyst estimates of $853.13 million. Groupon had a net margin of 0.49% and a return on equity of 0.22%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS. sell-side analysts anticipate that Groupon will post 0.03 EPS for the current year.
In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $4.60, for a total transaction of $6,900,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Brian Stevens sold 15,000 shares of Groupon stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $4.61, for a total transaction of $69,150.00. Following the sale, the chief accounting officer now owns 232,751 shares of the company’s stock, valued at approximately $1,072,982.11. The disclosure for this sale can be found here. 23.40% of the stock is owned by insiders.
Several large investors have recently modified their holdings of GRPN. New York State Common Retirement Fund grew its position in shares of Groupon by 5.3% during the 3rd quarter. New York State Common Retirement Fund now owns 351,800 shares of the coupon company’s stock worth $1,829,000 after buying an additional 17,800 shares during the period. Bank of New York Mellon Corp grew its position in shares of Groupon by 1.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,470,358 shares of the coupon company’s stock worth $7,646,000 after buying an additional 20,651 shares during the period. Legal & General Group Plc grew its position in shares of Groupon by 18.7% during the 3rd quarter. Legal & General Group Plc now owns 173,644 shares of the coupon company’s stock worth $897,000 after buying an additional 27,382 shares during the period. JPMorgan Chase & Co. grew its position in shares of Groupon by 60.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 939,505 shares of the coupon company’s stock worth $4,698,000 after buying an additional 353,103 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Groupon by 141.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,728,739 shares of the coupon company’s stock valued at $8,988,000 after purchasing an additional 1,013,596 shares during the period. Institutional investors own 63.58% of the company’s stock.
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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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