BidaskClub Lowers Groupon (NASDAQ:GRPN) to Sell

BidaskClub lowered shares of Groupon (NASDAQ:GRPN) from a hold rating to a sell rating in a research report sent to investors on Thursday, BidAskClub reports.

Several other research firms have also weighed in on GRPN. Zacks Investment Research lowered Wix.Com from a hold rating to a sell rating in a research report on Monday, April 8th. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $4.22.

Shares of Groupon stock opened at $3.38 on Thursday. The company has a 50 day moving average price of $3.53. Groupon has a 52-week low of $2.80 and a 52-week high of $5.52. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 37.56 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.02 and a current ratio of 1.02.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Tuesday, April 30th. The coupon company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The firm had revenue of $578.40 million for the quarter, compared to analyst estimates of $552.97 million. Groupon had a positive return on equity of 18.28% and a negative net margin of 1.80%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 EPS. As a group, analysts anticipate that Groupon will post 0.08 EPS for the current fiscal year.

In other news, Director Eric P. Lefkofsky sold 3,000,000 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $3.50, for a total transaction of $10,500,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 15.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in Groupon in the 1st quarter worth about $38,000. Moors & Cabot Inc. acquired a new stake in shares of Groupon in the first quarter valued at about $40,000. Piedmont Investment Advisors Inc. acquired a new stake in shares of Groupon in the first quarter valued at about $48,000. Hellman Jordan Management Co. Inc. MA acquired a new stake in shares of Groupon in the first quarter valued at about $48,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Groupon by 34.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 25,035 shares of the coupon company’s stock valued at $80,000 after buying an additional 6,407 shares during the period. Hedge funds and other institutional investors own 67.63% of the company’s stock.

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.

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