Groupon, Inc. (NASDAQ:GRPN) was upgraded by Vetr from a “strong sell” rating to a “sell” rating in a report issued on Tuesday, November 7th. The brokerage currently has a $5.14 price target on the coupon company’s stock. Vetr‘s price objective points to a potential downside of 6.03% from the stock’s current price.
Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective on the stock in a research report on Monday, November 6th. TheStreet upgraded shares of Groupon from a “d” rating to a “c-” rating in a report on Thursday, November 2nd. Jefferies Group LLC reiterated a “hold” rating and issued a $4.00 price target on shares of Groupon in a report on Thursday, October 19th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $4.70 price objective on shares of Groupon in a research note on Wednesday, October 11th. Finally, B. Riley lifted their price objective on shares of Groupon from $5.50 to $6.30 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Seven analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $4.94.
Shares of Groupon (NASDAQ:GRPN) traded up $0.03 during midday trading on Tuesday, hitting $5.47. 8,221,000 shares of the company’s stock were exchanged, compared to its average volume of 8,718,025. Groupon has a fifty-two week low of $2.90 and a fifty-two week high of $5.67. 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 (NASDAQ:GRPN) last issued its earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share (EPS) for the quarter. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The company had revenue of $634.46 million for the quarter, compared to analysts’ expectations of $642.62 million. During the same quarter last year, the company posted ($0.01) earnings per share. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. sell-side analysts anticipate that Groupon will post -0.02 EPS for the current year.
In other news, insider James Sullivan sold 25,000 shares of the firm’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 value of $122,500.00. Following the completion of the transaction, the insider now owns 353,524 shares of the company’s stock, valued at $1,732,267.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Brian Stevens sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $4.04, for a total transaction of $40,400.00. Following the completion of the sale, the chief accounting officer now directly owns 215,696 shares in the company, valued at approximately $871,411.84. The disclosure for this sale can be found here. In the last three months, insiders sold 2,310,000 shares of company stock valued at $10,180,150. Insiders own 23.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in GRPN. Pictet Asset Management Ltd. purchased a new position in Groupon in the 3rd quarter valued at $37,704,000. First Trust Advisors LP grew its position in Groupon by 43.4% in the 2nd quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock valued at $62,685,000 after buying an additional 4,937,648 shares during the last quarter. SG Capital Management LLC purchased a new stake in shares of Groupon during the 3rd quarter worth $16,741,000. State Street Corp boosted its position in shares of 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. boosted its position in shares of 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. 55.44% 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).
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