Equities Analysts Set Expectations for Groupon, Inc.’s Q3 2018 Earnings (GRPN)
Groupon, Inc. (NASDAQ:GRPN) – Investment analysts at B. Riley issued their Q3 2018 earnings estimates for shares of Groupon in a report released on Thursday. B. Riley analyst S. Sinha anticipates that the coupon company will earn ($0.02) per share for the quarter. B. Riley has a “Buy” rating and a $6.30 price target on the stock. B. Riley also issued estimates for Groupon’s Q4 2018 earnings at $0.08 EPS.
Several other research analysts also recently weighed in on GRPN. DA Davidson reaffirmed a “buy” rating and set a $6.50 target price on shares of Groupon in a research note on Thursday. BidaskClub raised Groupon from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Barclays PLC upped their target price on Groupon from $3.85 to $4.40 and gave the stock an “underweight” rating in a research note on Thursday. Citigroup Inc. upped their target price on Groupon from $5.00 to $5.50 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Vetr downgraded Groupon from a “strong-buy” rating to a “strong sell” rating and set a $3.68 target price for the company. in a research note on Thursday. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $4.79.
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Shares of Groupon (NASDAQ:GRPN) traded up $0.04 during mid-day trading on Monday, hitting $5.50. The stock had a trading volume of 2,949,869 shares, compared to its average volume of 9,372,605. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.86 and a quick ratio of 0.86. Groupon has a twelve month low of $2.90 and a twelve month high of $5.49.
Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. The business had revenue of $634.46 million during the quarter, compared to the consensus estimate of $642.62 million. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The business’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) EPS.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Karp Capital Management Corp purchased a new position in shares of Groupon during the 1st quarter worth $108,000. Aperio Group LLC grew its holdings in shares of Groupon by 4.6% during the 2nd quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after purchasing an additional 1,268 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of Groupon during the 2nd quarter worth $116,000. Prudential Financial Inc. grew its holdings in shares of Groupon by 157.7% during the 2nd quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock worth $122,000 after purchasing an additional 19,408 shares during the period. Finally, ProShare Advisors LLC purchased a new position in shares of Groupon during the 2nd quarter worth $122,000. Institutional investors and hedge funds own 57.10% of the company’s stock.
In other news, insider James Sullivan sold 25,000 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $4.90, for a total transaction of $122,500.00. Following the completion of the transaction, the insider now directly owns 353,524 shares in the company, valued at approximately $1,732,267.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $4.39, for a total value of $6,585,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,872,719 shares of company stock valued at $12,375,267. Company insiders own 23.40% of the company’s stock.
Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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