Several other equities analysts have also recently commented on the company. ValuEngine upgraded Groupon from a sell rating to a hold rating in a research note on Tuesday, January 15th. Goldman Sachs Group started coverage on Groupon in a research note on Monday, February 4th. They set a neutral rating and a $3.50 target price for the company. Finally, Zacks Investment Research upgraded Groupon from a hold rating to a buy rating and set a $3.50 target price for the company in a research note on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Groupon presently has an average rating of Hold and a consensus target price of $4.56.
Groupon stock opened at $3.61 on Friday. The company has a market cap of $2.06 billion, a PE ratio of 40.11, a price-to-earnings-growth ratio of 19.41 and a beta of 1.47. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 1.04. Groupon has a 52 week low of $2.80 and a 52 week high of $5.52.
Groupon (NASDAQ:GRPN) last released its earnings results on Tuesday, February 12th. The coupon company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The business had revenue of $799.93 million for the quarter, compared to analysts’ expectations of $782.54 million. Groupon had a negative net margin of 0.42% and a positive return on equity of 17.33%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. As a group, analysts forecast that Groupon will post 0.06 earnings per share for the current year.
In related news, Director Eric P. Lefkofsky sold 3,000,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $3.33, for a total transaction of $9,990,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 16.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can raised its position in shares of Groupon by 130.6% during the 4th quarter. Bank of Montreal Can now owns 9,326 shares of the coupon company’s stock valued at $30,000 after acquiring an additional 5,281 shares in the last quarter. Brighton Jones LLC acquired a new stake in shares of Groupon during the 1st quarter valued at approximately $38,000. Quinn Opportunity Partners LLC acquired a new stake in shares of Groupon during the 4th quarter valued at approximately $41,000. Marathon Trading Investment Management LLC acquired a new stake in shares of Groupon during the 4th quarter valued at approximately $47,000. Finally, Nadler Financial Group Inc. acquired a new stake in shares of Groupon during the 4th quarter valued at approximately $49,000. 69.48% of the stock is currently owned by institutional investors and hedge funds.
Groupon Company Profile
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.
Further Reading: Producer Price Index (PPI)
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