BidaskClub Lowers Groupon (NASDAQ:GRPN) to Sell

BidaskClub lowered shares of Groupon (NASDAQ:GRPN) from a hold rating to a sell rating in a research note issued to investors on Thursday morning, BidAskClub reports.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Wix.Com from a hold rating to a sell rating in a report on Monday, April 8th. ValuEngine lowered Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $4.22.

GRPN stock opened at $3.38 on Thursday. Groupon has a twelve month low of $2.80 and a twelve month high of $5.52. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $3.53. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 37.56 and a beta of 1.29.

Groupon (NASDAQ:GRPN) last posted its earnings results on Tuesday, April 30th. The coupon company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. Groupon had a positive return on equity of 18.28% and a negative net margin of 1.80%. The company had revenue of $578.40 million for the quarter, compared to analyst estimates of $552.97 million. During the same quarter last year, the company earned $0.03 earnings per share. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, research analysts expect that Groupon will post 0.08 EPS for the current year.

In related news, Director Eric P. Lefkofsky sold 3,000,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $3.50, for a total transaction of $10,500,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 15.50% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC purchased a new stake in Groupon in the first quarter worth $38,000. Moors & Cabot Inc. purchased a new stake in Groupon in the first quarter worth $40,000. Piedmont Investment Advisors Inc. purchased a new stake in Groupon in the first quarter worth $48,000. Hellman Jordan Management Co. Inc. MA purchased a new stake in Groupon in the first quarter worth $48,000. Finally, Public Employees Retirement System of Ohio increased its position in Groupon by 34.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 25,035 shares of the coupon company’s stock worth $80,000 after buying an additional 6,407 shares during the last quarter. 67.63% of the stock is owned by institutional investors.

About Groupon

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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