Several other research analysts also recently commented on GRPN. ValuEngine raised Groupon from a sell rating to a hold rating in a report on Wednesday, October 2nd. DA Davidson set a $5.00 target price on Groupon and gave the stock a buy rating in a report on Monday, September 9th. Finally, Wedbush set a $3.50 target price on Groupon and gave the stock a hold rating in a report on Friday, September 27th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $3.70.
Shares of Groupon stock traded up $0.03 during trading on Tuesday, reaching $2.94. The company’s stock had a trading volume of 3,133,700 shares, compared to its average volume of 5,115,275. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 32.67 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.02. Groupon has a one year low of $2.31 and a one year high of $3.98. The business’s fifty day moving average price is $2.83 and its 200-day moving average price is $3.13.
Groupon (NASDAQ:GRPN) last announced its earnings results on Monday, November 4th. The coupon company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $495.60 million for the quarter, compared to the consensus estimate of $523.71 million. Groupon had a positive return on equity of 9.21% and a negative net margin of 2.21%. Groupon’s revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS. Sell-side analysts anticipate that Groupon will post 0.08 EPS for the current year.
In other news, Director Robert J. Bass acquired 50,000 shares of Groupon stock in a transaction on Friday, August 30th. The shares were purchased at an average price of $2.58 per share, with a total value of $129,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 15.50% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of GRPN. Nuveen Asset Management LLC acquired a new position in Groupon during the 2nd quarter worth $66,614,000. Renaissance Technologies LLC acquired a new position in Groupon during the 2nd quarter worth $14,340,000. SG Americas Securities LLC lifted its holdings in Groupon by 5,244.5% during the 2nd quarter. SG Americas Securities LLC now owns 4,019,730 shares of the coupon company’s stock worth $14,391,000 after buying an additional 3,944,518 shares in the last quarter. Par Capital Management Inc. lifted its holdings in Groupon by 3.7% during the 2nd quarter. Par Capital Management Inc. now owns 56,645,000 shares of the coupon company’s stock worth $202,789,000 after buying an additional 2,000,000 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Groupon by 9.3% during the 3rd quarter. First Trust Advisors LP now owns 22,871,349 shares of the coupon company’s stock worth $60,838,000 after buying an additional 1,955,452 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.
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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