Several other research firms have also recently weighed in on GRPN. ValuEngine raised shares of Groupon from a sell rating to a hold rating in a report on Wednesday, October 2nd. DA Davidson set a $5.00 price target on shares of Groupon and gave the company a buy rating in a report on Monday, September 9th. Finally, Wedbush set a $3.50 price target on shares of Groupon and gave the company a hold rating in a report on Friday, September 27th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Groupon has an average rating of Hold and an average price target of $3.70.
NASDAQ GRPN traded up $0.03 on Tuesday, reaching $2.94. The company had a trading volume of 3,133,700 shares, compared to its average volume of 5,115,275. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 32.67 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.02. Groupon has a 1-year low of $2.31 and a 1-year high of $3.98. The company’s fifty day moving average is $2.83 and its 200-day moving average is $3.13.
Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Monday, November 4th. The coupon company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $495.60 million for the quarter, compared to analysts’ expectations of $523.71 million. Groupon had a negative net margin of 2.21% and a positive return on equity of 9.21%. The business’s revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. On average, research analysts forecast that Groupon will post 0.08 earnings per share for the current year.
In related news, Director Robert J. Bass purchased 50,000 shares of the stock in a transaction on Friday, August 30th. The shares were purchased at an average cost of $2.58 per share, with a total value of $129,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.50% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in GRPN. Nuveen Asset Management LLC bought a new position in shares of Groupon during the second quarter worth approximately $66,614,000. Renaissance Technologies LLC bought a new position in shares of Groupon during the second quarter worth approximately $14,340,000. SG Americas Securities LLC increased its holdings in shares of Groupon by 5,244.5% during the second quarter. SG Americas Securities LLC now owns 4,019,730 shares of the coupon company’s stock worth $14,391,000 after purchasing an additional 3,944,518 shares during the period. Par Capital Management Inc. increased its holdings in shares of Groupon by 3.7% during the second quarter. Par Capital Management Inc. now owns 56,645,000 shares of the coupon company’s stock worth $202,789,000 after purchasing an additional 2,000,000 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Groupon by 9.3% during the third quarter. First Trust Advisors LP now owns 22,871,349 shares of the coupon company’s stock worth $60,838,000 after purchasing an additional 1,955,452 shares during the period. 67.38% of the stock is currently owned by institutional investors.
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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