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.
ILLEGAL ACTIVITY WARNING: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/12/12/groupon-grpn-lowered-to-hold-at-vetr.html.
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).
Receive News & Ratings for Groupon Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon Inc and related companies with MarketBeat.com's FREE daily email newsletter.