Groupon (GRPN) Issues Earnings Results

Groupon (NASDAQ:GRPN) issued its quarterly earnings data on Wednesday. The coupon company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02), Bloomberg Earnings reports. Groupon had a return on equity of 0.22% and a net margin of 0.49%. The company had revenue of $873.17 million for the quarter, compared to the consensus estimate of $853.13 million. During the same period in the prior year, the company earned $0.07 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year.

Shares of Groupon (NASDAQ:GRPN) traded down $0.06 during trading hours on Friday, hitting $4.51. 12,234,028 shares of the company were exchanged, compared to its average volume of 11,050,000. The firm has a market cap of $2,520.00, a P/E ratio of 225.50, a price-to-earnings-growth ratio of 24.79 and a beta of 1.47. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 0.75. Groupon has a 1-year low of $2.90 and a 1-year high of $5.99.

A number of equities research analysts have commented on GRPN shares. Vetr raised shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.79 price objective on the stock in a report on Tuesday, December 12th. Goldman Sachs Group reissued a “neutral” rating and set a $4.80 price objective on shares of Groupon in a report on Thursday. Piper Jaffray Companies reissued an “overweight” rating and set a $6.25 price objective (up previously from $5.50) on shares of Groupon in a report on Wednesday, November 1st. B. Riley restated a “buy” rating and set a $6.30 target price on shares of Groupon in a research report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 target price on the stock in a research report on Monday, November 6th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.06.

In related news, CAO Brian Stevens sold 20,000 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $5.71, for a total value 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction that occurred 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. Company insiders own 23.40% of the company’s stock.

Several large investors have recently made changes to their positions in GRPN. Pictet Asset Management Ltd. acquired a new stake in shares of Groupon in the 3rd quarter valued at approximately $37,704,000. Millennium Management LLC increased its stake in Groupon by 5,979.6% during the 4th 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 in the last quarter. SG Capital Management LLC bought a new stake in Groupon during the 3rd quarter worth approximately $16,741,000. State Street Corp increased its stake in Groupon by 38.2% during the 2nd quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock worth $33,898,000 after purchasing an additional 2,440,783 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Groupon by 8.1% during the 2nd quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock worth $124,620,000 after purchasing an additional 2,430,907 shares in the last quarter. Institutional investors and hedge funds own 59.81% of the company’s stock.

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About Groupon

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).

Earnings History for Groupon (NASDAQ:GRPN)

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