Groupon (GRPN) Lifted to Strong-Buy at Vetr
Vetr upgraded shares of Groupon (NASDAQ:GRPN) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday morning. They currently have $6.79 target price on the coupon company’s stock.
Other analysts have also recently issued research reports about the stock. DA Davidson restated a buy rating on shares of Groupon in a report on Thursday, November 30th. Wedbush restated a positive rating and set a $4.08 target price (down previously from $4.50) on shares of Groupon in a report on Wednesday, August 23rd. Piper Jaffray Companies restated an overweight rating and set a $6.25 target price (up previously from $5.50) on shares of Groupon in a report on Wednesday, November 1st. TheStreet upgraded shares of Groupon from a d rating to a c- rating in a report on Thursday, November 2nd. Finally, B. Riley restated a buy rating and set a $6.30 target price on shares of Groupon in a report on Thursday, November 2nd. Six analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $5.02.
Shares of Groupon (NASDAQ:GRPN) traded down $0.20 during mid-day trading on Tuesday, hitting $5.31. 7,674,000 shares of the stock were exchanged, compared to its average volume of 8,685,854. Groupon has a 1 year low of $2.90 and a 1 year high of $5.99. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.99.
Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, November 1st. The coupon company reported $0.01 EPS for the quarter. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The firm had revenue of $634.46 million for the quarter, compared to analysts’ expectations of $642.62 million. During the same quarter in the previous year, the business posted ($0.01) EPS. The company’s quarterly revenue was down 7.6% on a year-over-year basis. analysts expect that Groupon will post -0.02 earnings per share for the current year.
In other Groupon news, CAO Brian Stevens sold 20,000 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $5.71, for a total value of $114,200.00. Following the completion of the transaction, the chief accounting officer now owns 222,354 shares of the company’s stock, valued at approximately $1,269,641.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $5.77, for a total value of $8,655,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,570,000 shares of company stock valued at $9,023,950. 23.40% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of GRPN. Pictet Asset Management Ltd. purchased a new position in Groupon in the 3rd quarter worth about $37,704,000. SG Capital Management LLC purchased a new position in Groupon in the 3rd quarter worth about $16,741,000. State Street Corp raised its position in Groupon by 38.2% in the 2nd quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock worth $33,898,000 after buying an additional 2,440,783 shares during the last quarter. Vanguard Group Inc. raised its position in Groupon by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock worth $124,620,000 after buying an additional 2,430,907 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in Groupon by 40.2% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,451,180 shares of the coupon company’s stock worth $43,946,000 after buying an additional 2,421,825 shares during the last quarter. 60.04% of the stock is owned by institutional investors and hedge funds.
Groupon Company Profile
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).
To view Vetr’s full report, visit Vetr’s official website.
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