Groupon Inc (NASDAQ:GRPN) has earned an average rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $4.53.
Several equities research analysts recently commented on GRPN shares. DA Davidson set a $5.00 price objective on Groupon and gave the stock a “buy” rating in a report on Monday. ValuEngine downgraded Groupon from a “hold” rating to a “sell” rating in a report on Friday, August 16th. Finally, BidaskClub downgraded Groupon from a “sell” rating to a “strong sell” rating in a report on Friday, August 9th.
Groupon stock traded up $0.04 on Friday, hitting $2.93. 5,016,300 shares of the stock traded hands, compared to its average volume of 5,270,468. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.68. The firm has a market cap of $1.70 billion, a P/E ratio of 32.56 and a beta of 1.34. The business’s fifty day simple moving average is $2.72 and its 200 day simple moving average is $3.30. Groupon has a 1 year low of $2.31 and a 1 year high of $4.03.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Tuesday, July 30th. The coupon company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Groupon had a net margin of 0.32% and a return on equity of 14.29%. The company had revenue of $532.58 million for the quarter, compared to the consensus estimate of $566.70 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. Groupon’s revenue was down 13.7% compared to the same quarter last year. As a group, analysts predict that Groupon will post 0.08 earnings per share for the current year.
In other Groupon news, Director Robert J. Bass acquired 50,000 shares of Groupon stock in a transaction that occurred on Friday, August 30th. The stock was bought at an average cost of $2.58 per share, for a total transaction of $129,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 15.50% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in GRPN. Dimensional Fund Advisors LP grew its stake in shares of Groupon by 23.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,711,605 shares of the coupon company’s stock valued at $27,877,000 after purchasing an additional 1,626,388 shares during the period. Geode Capital Management LLC grew its stake in shares of Groupon by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 4,793,075 shares of the coupon company’s stock valued at $15,337,000 after purchasing an additional 326,109 shares during the period. Creative Planning grew its stake in shares of Groupon by 5.1% during the 1st quarter. Creative Planning now owns 69,230 shares of the coupon company’s stock valued at $246,000 after purchasing an additional 3,381 shares during the period. Bank of Montreal Can grew its stake in shares of Groupon by 2,559.5% during the 1st quarter. Bank of Montreal Can now owns 248,028 shares of the coupon company’s stock valued at $881,000 after purchasing an additional 238,702 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Groupon by 72.4% during the 1st quarter. SG Americas Securities LLC now owns 75,212 shares of the coupon company’s stock valued at $267,000 after purchasing an additional 31,590 shares during the period. Institutional investors and hedge funds own 67.25% 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, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.
Further Reading: What does a hold rating mean?
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