Groupon (NASDAQ:GRPN) shares fell 5.7% during trading on Thursday . The company traded as low as $4.42 and last traded at $4.45. 14,592,048 shares changed hands during mid-day trading, an increase of 69% from the average session volume of 8,658,004 shares. The stock had previously closed at $4.72.
A number of research firms have recently commented on GRPN. Barclays restated a “sell” rating and issued a $4.75 target price on shares of Groupon in a research note on Friday, May 11th. ValuEngine upgraded Groupon from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. UBS Group upgraded Groupon from a “sell” rating to a “neutral” rating and raised their target price for the company from $2.90 to $5.99 in a research note on Thursday, May 10th. BidaskClub upgraded Groupon from a “hold” rating to a “buy” rating in a research note on Wednesday, April 18th. Finally, Zacks Investment Research upgraded Groupon from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $5.32.
The company has a market cap of $2.64 billion, a PE ratio of -148.33, a price-to-earnings-growth ratio of 8.35 and a beta of 1.34. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.55.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, May 9th. The coupon company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $626.54 million during the quarter, compared to analysts’ expectations of $604.16 million. Groupon had a return on equity of 6.53% and a net margin of 1.13%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 earnings per share. analysts expect that Groupon will post 0.09 earnings per share for the current fiscal year.
Groupon declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 9th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the coupon company to reacquire up to 11% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
In other Groupon news, CAO Brian Stevens sold 15,000 shares of Groupon stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $4.62, for a total transaction of $69,300.00. Following the completion of the transaction, the chief accounting officer now owns 220,484 shares in the company, valued at $1,018,636.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $4.60, for a total value of $6,900,000.00. The disclosure for this sale can be found here. 16.90% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in GRPN. P2 Capital Partners LLC purchased a new position in Groupon during the first quarter valued at $34,720,000. Old Mutual Global Investors UK Ltd. raised its stake in shares of Groupon by 473.8% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 8,663,418 shares of the coupon company’s stock worth $37,599,000 after purchasing an additional 7,153,551 shares during the last quarter. Millennium Management LLC raised its stake in shares of Groupon by 5,979.6% in the fourth quarter. Millennium Management LLC now owns 6,695,130 shares of the coupon company’s stock worth $34,145,000 after purchasing an additional 6,585,005 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Groupon by 54.2% in the fourth quarter. Teachers Advisors LLC now owns 6,440,788 shares of the coupon company’s stock worth $32,848,000 after purchasing an additional 2,264,192 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Groupon by 137.2% in the first quarter. Wells Fargo & Company MN now owns 3,631,886 shares of the coupon company’s stock worth $15,762,000 after purchasing an additional 2,101,043 shares during the last quarter. Institutional investors and hedge funds own 66.19% of the company’s stock.
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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