Shares of Groupon, Inc. (NASDAQ:GRPN – Get Free Report) traded down 7.6% on Friday . The stock traded as low as $21.14 and last traded at $21.1450. 716,333 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 1,612,651 shares. The stock had previously closed at $22.88.
Analyst Upgrades and Downgrades
GRPN has been the topic of several research reports. Citigroup restated an “outperform” rating on shares of Groupon in a research note on Tuesday, June 9th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $13.00 price objective (up from $10.00) on shares of Groupon in a research note on Tuesday, May 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Groupon in a report on Tuesday, June 9th. Wall Street Zen downgraded shares of Groupon from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Northland Securities set a $26.00 price target on shares of Groupon in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Groupon currently has an average rating of “Hold” and a consensus price target of $19.50.
Read Our Latest Stock Analysis on Groupon
Groupon Price Performance
Groupon (NASDAQ:GRPN – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The coupon company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The company had revenue of $117.20 million during the quarter, compared to the consensus estimate of $117.65 million. Groupon had a negative return on equity of 717.37% and a negative net margin of 20.78%. On average, equities research analysts predict that Groupon, Inc. will post -0.16 EPS for the current year.
Hedge Funds Weigh In On Groupon
A number of large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Groupon in the 3rd quarter valued at about $32,000. Johnson Financial Group Inc. acquired a new stake in Groupon in the fourth quarter valued at approximately $35,000. Quarry LP grew its holdings in Groupon by 48.1% in the third quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock worth $45,000 after purchasing an additional 629 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Groupon in the second quarter worth $69,000. Finally, National Bank of Canada FI increased its position in shares of Groupon by 172,400.0% during the third quarter. National Bank of Canada FI now owns 3,450 shares of the coupon company’s stock worth $81,000 after purchasing an additional 3,448 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.
About Groupon
Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.
Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.
Further Reading
- Five stocks we like better than Groupon
- Rocket Lab’s NASA Win Tests Key Support After Sharp Pullback
- AST SpaceMobile Just Nailed a Major Launch—So Why Is the Stock Crashing?
- Palantir’s Valuation Problem Just Met 2 New Growth Catalysts
- Xcel Energy Stock Offers Stability as Electricity Demand Builds
Receive News & Ratings for Groupon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon and related companies with MarketBeat.com's FREE daily email newsletter.
