Shares of Groupon Inc (NASDAQ:GRPN) have received an average recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $4.40.
GRPN has been the subject of several research reports. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research lowered shares of Wix.Com from a “hold” rating to a “sell” rating in a research report on Monday, April 8th. Finally, BidaskClub raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th.
In related news, Director Eric P. Lefkofsky sold 3,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $3.50, for a total transaction of $10,500,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.50% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Lombard Odier Asset Management USA Corp bought a new position in shares of Groupon in the first quarter valued at approximately $1,775,000. Nordea Investment Management AB raised its position in shares of Groupon by 4.1% in the first quarter. Nordea Investment Management AB now owns 1,266,224 shares of the coupon company’s stock valued at $4,494,000 after purchasing an additional 50,092 shares during the period. Hellman Jordan Management Co. Inc. MA bought a new position in shares of Groupon in the first quarter valued at approximately $48,000. Westfield Capital Management Co. LP bought a new position in shares of Groupon in the first quarter valued at approximately $311,000. Finally, Weil Company Inc. raised its position in shares of Groupon by 70.4% in the first quarter. Weil Company Inc. now owns 232,312 shares of the coupon company’s stock valued at $825,000 after purchasing an additional 96,000 shares during the period. 67.61% of the stock is currently owned by institutional investors.
Shares of GRPN stock traded down $0.01 during trading on Friday, hitting $3.40. 24,627 shares of the company were exchanged, compared to its average volume of 3,415,394. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 37.67 and a beta of 1.29. The business’s 50-day moving average is $3.52. Groupon has a twelve month low of $2.80 and a twelve month high of $5.52.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Tuesday, April 30th. The coupon company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.05. The business had revenue of $578.40 million during the quarter, compared to analysts’ expectations of $552.97 million. Groupon had a negative net margin of 1.80% and a positive return on equity of 18.28%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.03 earnings per share. On average, equities analysts predict that Groupon will post 0.08 earnings per share for the current year.
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.
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