Groupon (GRPN) Lowered to Hold at Vetr

Vetr downgraded shares of Groupon (NASDAQ:GRPN) from a buy rating to a hold rating in a research report report published on Monday morning. Vetr currently has $6.09 price target on the coupon company’s stock.

Other equities research analysts also recently issued research reports about the company. DA Davidson reissued a buy rating on shares of Groupon in a report on Thursday, November 30th. Wedbush reissued a positive rating and set a $4.08 target price (down previously from $4.50) on shares of Groupon in a report on Wednesday, August 23rd. Piper Jaffray Companies reaffirmed an overweight rating and issued a $6.25 price target (up previously from $5.50) on shares of Groupon in a research note on Wednesday, November 1st. TheStreet raised Groupon from a d rating to a c- rating in a research note on Thursday, November 2nd. Finally, B. Riley reaffirmed a buy rating and issued a $6.30 price target on shares of Groupon in a research note on Thursday, November 2nd. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Hold and an average target price of $4.99.

Shares of Groupon (NASDAQ:GRPN) opened at $5.86 on Monday. Groupon has a twelve month low of $2.90 and a twelve month high of $5.99. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.86 and a current ratio of 0.86.

Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The company had revenue of $634.46 million during the quarter, compared to the consensus estimate of $642.62 million. During the same quarter last year, the firm earned ($0.01) earnings per share. The company’s revenue was down 7.6% on a year-over-year basis. sell-side analysts predict that Groupon will post -0.02 earnings per share for the current fiscal year.

In other news, CAO Brian Stevens sold 20,000 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $5.71, for a total transaction of $114,200.00. Following the sale, the chief accounting officer now directly owns 222,354 shares in the company, valued at $1,269,641.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James Sullivan sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $5.29, for a total value of $132,250.00. Following the sale, the insider now owns 350,919 shares in the company, valued at $1,856,361.51. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,570,000 shares of company stock worth $9,023,950. Company insiders own 23.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Groupon by 8.1% during the second 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 during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Groupon by 28.7% during the third quarter. Allianz Asset Management GmbH now owns 8,925,535 shares of the coupon company’s stock worth $46,413,000 after purchasing an additional 1,989,085 shares during the last quarter. State Street Corp grew its holdings in shares of Groupon by 38.2% during the second 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 during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of Groupon by 40.2% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,451,180 shares of the coupon company’s stock worth $43,946,000 after purchasing an additional 2,421,825 shares during the last quarter. Finally, Pictet Asset Management Ltd. bought a new stake in Groupon in the third quarter valued at approximately $37,704,000. Institutional investors own 60.04% of the company’s stock.

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About Groupon

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).

Analyst Recommendations for Groupon (NASDAQ:GRPN)

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