Groupon, Inc. (NASDAQ:GRPN) Coverage Initiated at Gabelli

Gabelli initiated coverage on shares of Groupon, Inc. (NASDAQ:GRPN) in a research report report published on Tuesday, October 17th, MarketBeat Ratings reports. The brokerage issued a buy rating and a $7.00 price target on the coupon company’s stock. Gabelli also issued estimates for Groupon’s FY2017 earnings at ($0.06) EPS, FY2018 earnings at ($0.01) EPS, FY2019 earnings at $0.04 EPS, FY2020 earnings at $0.09 EPS and FY2021 earnings at $0.08 EPS.

Other equities research analysts also recently issued reports about the stock. B. Riley reissued a buy rating and set a $5.50 target price on shares of Groupon in a research report on Thursday, August 3rd. Piper Jaffray Companies reissued a buy rating and set a $5.50 target price on shares of Groupon in a research report on Thursday, September 21st. DA Davidson started coverage on shares of Groupon in a research report on Friday, September 22nd. They set a buy rating and a $5.00 target price for the company. Vetr downgraded shares of Groupon from a strong-buy rating to a buy rating and set a $5.83 price objective for the company. in a research report on Wednesday, October 4th. Finally, Royal Bank Of Canada reaffirmed a hold rating and issued a $4.00 price objective on shares of Groupon in a research report on Friday, June 30th. Seven equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $4.86.

Groupon (GRPN) traded up $0.01 during trading hours on Tuesday, hitting $5.47. 7,911,985 shares of the stock traded hands, compared to its average volume of 9,372,605. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.99. Groupon has a one year low of $2.90 and a one year high of $5.49.

Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, November 1st. The coupon company reported $0.01 EPS for the quarter. The company had revenue of $634.46 million during the quarter, compared to the consensus estimate of $642.62 million. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) earnings per share. equities analysts predict that Groupon will post -0.04 earnings per share for the current fiscal year.

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In related news, insider James Sullivan sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $4.90, for a total transaction of $122,500.00. Following the sale, the insider now owns 353,524 shares of the company’s stock, valued at approximately $1,732,267.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter J. Barris sold 562,719 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $3.96, for a total transaction of $2,228,367.24. Following the sale, the director now directly owns 168,887 shares in the company, valued at approximately $668,792.52. The disclosure for this sale can be found here. Insiders have sold a total of 2,872,719 shares of company stock worth $12,375,267 in the last ninety days. 23.40% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings 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 acquiring an additional 2,430,907 shares during the period. First Trust Advisors LP increased its holdings in shares of Groupon by 43.4% in the 2nd quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock worth $62,685,000 after buying an additional 4,937,648 shares during the last quarter. State Street Corp increased its holdings in shares of Groupon by 38.2% in the 2nd quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock worth $33,898,000 after buying an additional 2,440,783 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Groupon by 40.2% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,451,180 shares of the coupon company’s stock worth $43,946,000 after buying an additional 2,421,825 shares during the last quarter. Finally, Pictet Asset Management Ltd. bought a new position in shares of Groupon in the 3rd quarter worth $37,704,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Groupon Company Profile

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).

Analyst Recommendations for Groupon (NASDAQ:GRPN)

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