Groupon (NASDAQ:GRPN) Shares Gap Up to $2.80

Groupon Inc (NASDAQ:GRPN) gapped up prior to trading on Friday . The stock had previously closed at $2.70, but opened at $2.80. Groupon shares last traded at $3.01, with a volume of 14,728,252 shares trading hands.

A number of equities research analysts recently commented on the stock. BidaskClub raised shares of Groupon from a “sell” rating to a “hold” rating in a research note on Friday, January 10th. UBS Group upgraded shares of Groupon from a “neutral” rating to a “buy” rating and set a $3.50 price objective on the stock in a report on Friday. ValuEngine upgraded shares of Groupon from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. 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. Finally, Ascendiant Capital Markets dropped their price objective on shares of Groupon from $4.25 to $3.25 and set a “buy” rating on the stock in a research note on Monday, December 23rd. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.31.

The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 33.44 and a beta of 1.30. The business’s fifty day simple moving average is $2.56 and its 200 day simple moving average is $2.82. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.02 and a quick ratio of 1.02.

Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Monday, November 4th. The coupon company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $495.60 million during the quarter, compared to the consensus estimate of $523.71 million. Groupon had a negative net margin of 2.21% and a positive return on equity of 9.21%. The firm’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, equities analysts forecast that Groupon Inc will post 0.09 EPS for the current fiscal year.

In other news, Director Eric P. Lefkofsky sold 750,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $2.82, for a total transaction of $2,115,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 15.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in GRPN. Cubist Systematic Strategies LLC acquired a new position in shares of Groupon during the second quarter valued at $25,000. CSat Investment Advisory L.P. bought a new stake in shares of Groupon during the second quarter valued at about $61,000. Graybill Bartz & Assoc Ltd. bought a new stake in shares of Groupon during the third quarter valued at about $63,000. Tower Research Capital LLC TRC raised its stake in shares of Groupon by 1,594.3% during the second quarter. Tower Research Capital LLC TRC now owns 18,637 shares of the coupon company’s stock valued at $67,000 after purchasing an additional 17,537 shares in the last quarter. Finally, Kings Point Capital Management bought a new stake in shares of Groupon during the second quarter valued at about $100,000. 69.78% 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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