Groupon Inc (NASDAQ:GRPN) traded down 0% on Tuesday . The stock traded as low as $4.27 and last traded at $4.28. 11,980,000 shares were traded during trading, an increase of 6% from the average session volume of 11,280,000 shares. The stock had previously closed at $4.28.
Several equities research analysts have weighed in on the stock. BidaskClub cut shares of Groupon from a “hold” rating to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. dropped their price target on shares of Groupon from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, February 15th. Morgan Stanley reissued a “sell” rating and set a $4.30 price target on shares of Groupon in a research report on Thursday, February 15th. Goldman Sachs Group reissued a “neutral” rating and set a $4.80 price target on shares of Groupon in a research report on Thursday, February 15th. Finally, Zacks Investment Research cut shares of Groupon from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Seven analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $5.08.
The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75. The company has a market cap of $2,390.00, a PE ratio of 214.00, a P/E/G ratio of 25.56 and a beta of 1.47.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, February 14th. The coupon company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Groupon had a net margin of 0.49% and a return on equity of 0.22%. The business had revenue of $873.17 million for the quarter, compared to analysts’ expectations of $853.13 million. During the same period last year, the business earned $0.07 earnings per share. The company’s revenue was down 3.5% on a year-over-year basis. research analysts anticipate that Groupon Inc will post 0.03 EPS for the current fiscal year.
In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $5.77, for a total transaction of $8,655,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian Stevens sold 20,000 shares of Groupon stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $5.71, for a total transaction of $114,200.00. Following the transaction, the chief accounting officer now directly owns 222,354 shares of the company’s stock, valued at $1,269,641.34. The disclosure for this sale can be found here. Company insiders own 23.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Nationwide Fund Advisors purchased a new position in Groupon during the 2nd quarter valued at about $1,093,000. Westpac Banking Corp lifted its position in Groupon by 41.9% during the 4th quarter. Westpac Banking Corp now owns 239,360 shares of the coupon company’s stock valued at $1,221,000 after acquiring an additional 70,690 shares during the period. Engineers Gate Manager LP purchased a new position in Groupon during the 4th quarter valued at about $1,518,000. Global X MANAGEMENT CO LLC lifted its position in Groupon by 16.2% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 559,862 shares of the coupon company’s stock valued at $2,911,000 after acquiring an additional 78,027 shares during the period. Finally, River & Mercantile Asset Management LLP lifted its position in Groupon by 24.0% during the 4th quarter. River & Mercantile Asset Management LLP now owns 812,460 shares of the coupon company’s stock valued at $4,139,000 after acquiring an additional 157,290 shares during the period. 57.01% of the stock is owned by institutional investors.
Groupon Company Profile
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).
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