Groupon, Inc. (NASDAQ:GRPN) Raised to Sell at Vetr Inc.

Groupon, Inc. (NASDAQ:GRPN) was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, November 7th. The brokerage presently has a $5.14 price target on the coupon company’s stock. Vetr‘s price target would indicate a potential downside of 10.14% from the company’s current price.

GRPN has been the subject of a number of other research reports. Citigroup Inc. raised their target price on Groupon from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Gabelli began coverage on Groupon in a research note on Tuesday, October 17th. They issued a “buy” rating and a $7.00 target price for the company. BidaskClub cut Groupon from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Barclays PLC restated an “underweight” rating and issued a $3.85 target price (up previously from $3.40) on shares of Groupon in a research note on Wednesday, August 9th. Finally, Cowen Inc restated a “sell” rating and issued a $3.50 target price on shares of Groupon in a research note on Thursday, August 3rd. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $4.97.

Groupon (GRPN) traded up $0.04 during midday trading on Tuesday, reaching $5.72. The company’s stock had a trading volume of 2,950,000 shares, compared to its average volume of 9,495,964. Groupon has a 1-year low of $2.90 and a 1-year high of $5.76. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.86 and a quick ratio of 0.86.

Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. The business had revenue of $634.46 million during the quarter, compared to analysts’ expectations of $642.62 million. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The business’s revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) EPS. research analysts expect that Groupon will post -0.02 earnings per share for the current year.

In related news, insider James Sullivan sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $4.90, for a total transaction of $122,500.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this link. Also, Director Eric P. Lefkofsky sold 750,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $4.40, for a total value of $3,300,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,300,000 shares of company stock valued at $10,139,750. 23.40% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Groupon by 8.1% in 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. 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 purchasing an additional 4,937,648 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Groupon by 28.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 8,925,535 shares of the coupon company’s stock worth $46,413,000 after purchasing an additional 1,989,085 shares in 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 purchasing an additional 2,440,783 shares in the last quarter. Finally, 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 purchasing an additional 2,421,825 shares in the last quarter. 55.44% of the stock is owned by institutional investors and hedge funds.

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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).

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Groupon (NASDAQ:GRPN)

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