Groupon (GRPN) Trading Down 5.3%
Groupon Inc (NASDAQ:GRPN) was down 5.3% during trading on Tuesday . The company traded as low as $5.52 and last traded at $5.55. Approximately 21,657,155 shares were traded during trading, an increase of 149% from the average daily volume of 8,696,537 shares. The stock had previously closed at $5.86.
A number of equities research analysts have commented on GRPN shares. Cowen upgraded Groupon from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $2.90 to $5.38 in a research report on Monday, October 16th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $6.25 price target (up from $5.50) on shares of Groupon in a research note on Wednesday, November 1st. B. Riley reaffirmed a “buy” rating and set a $6.30 price target on shares of Groupon in a research note on Thursday, November 2nd. Zacks Investment Research raised Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price target for the company in a research note on Monday, November 6th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $4.00 price target on shares of Groupon in a research note on Thursday, October 19th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Groupon presently has an average rating of “Hold” and a consensus price target of $4.99.
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 quarterly earnings results on Wednesday, November 1st. The coupon company reported $0.01 EPS for the quarter. The business had revenue of $634.46 million for the quarter, compared to analyst estimates of $642.62 million. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. Groupon’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) EPS. equities analysts expect that Groupon Inc will post -0.02 earnings per share for the current fiscal year.
In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $5.77, for a total transaction of $8,655,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Sullivan sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $5.29, for a total value of $132,250.00. Following the sale, the insider now owns 350,919 shares of the company’s stock, valued at approximately $1,856,361.51. The disclosure for this sale can be found here. In the last three months, insiders sold 1,570,000 shares of company stock worth $9,023,950. Insiders own 23.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Aperio Group LLC raised its position in shares of Groupon by 4.6% during the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after acquiring an additional 1,268 shares during the last quarter. Suntrust Banks Inc. increased its holdings in Groupon by 2.0% in the second quarter. Suntrust Banks Inc. now owns 65,767 shares of the coupon company’s stock valued at $252,000 after purchasing an additional 1,272 shares during the last quarter. Voya Investment Management LLC increased its holdings in Groupon by 1.9% in the second quarter. Voya Investment Management LLC now owns 152,428 shares of the coupon company’s stock valued at $585,000 after purchasing an additional 2,911 shares during the last quarter. Balyasny Asset Management LLC increased its holdings in Groupon by 1.4% in the second quarter. Balyasny Asset Management LLC now owns 416,325 shares of the coupon company’s stock valued at $1,599,000 after purchasing an additional 5,821 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Groupon by 14.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 58,487 shares of the coupon company’s stock valued at $225,000 after purchasing an additional 7,407 shares during the last quarter. Institutional investors own 60.04% of the company’s stock.
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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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