Groupon (NASDAQ:GRPN) Trading Down 1.6%

Groupon Inc (NASDAQ:GRPN) shares dropped 1.6% during trading on Monday . The company traded as low as $2.51 and last traded at $2.47, approximately 85,380 shares were traded during trading. A decline of 98% from the average daily volume of 5,157,885 shares. The stock had previously closed at $2.51.

GRPN has been the subject of a number of recent research reports. BidaskClub downgraded Groupon from a “sell” rating to a “strong sell” rating in a research note on Friday. ValuEngine upgraded Groupon from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Groupon currently has a consensus rating of “Hold” and a consensus target price of $4.15.

The company has a market cap of $1.42 billion, a PE ratio of 28.44 and a beta of 1.28. The business has a 50 day simple moving average of $3.32. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.02.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Tuesday, July 30th. The coupon company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). Groupon had a return on equity of 14.29% and a net margin of 0.32%. The business had revenue of $532.58 million during the quarter, compared to the consensus estimate of $566.70 million. During the same period in the previous year, the company posted $0.02 EPS. The company’s revenue for the quarter was down 13.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Groupon Inc will post 0.07 EPS for the current fiscal year.

In other news, Director Eric P. Lefkofsky sold 3,000,000 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $3.50, for a total value of $10,500,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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 bought a new position in shares of Groupon in the first quarter worth $38,000. Moors & Cabot Inc. acquired a new stake in shares of Groupon in the first quarter valued at $40,000. Piedmont Investment Advisors Inc. acquired a new stake in shares of Groupon in the first quarter valued at $48,000. Hellman Jordan Management Co. Inc. MA acquired a new stake in shares of Groupon in the first quarter valued at $48,000. Finally, Joseph P. Lucia & Associates LLC acquired a new stake in shares of Groupon in the second quarter valued at $71,000. 68.27% of the stock is owned by institutional investors.

Groupon Company Profile (NASDAQ:GRPN)

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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