Groupon Inc (GRPN) Receives Consensus Rating of “Hold” from Analysts
Groupon Inc (NASDAQ:GRPN) has been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $4.73.
Several equities research analysts recently commented on GRPN shares. ValuEngine raised shares of Groupon from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Zacks Investment Research raised shares of Groupon from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. BidaskClub raised shares of Groupon from a “sell” rating to a “hold” rating in a research report on Saturday, March 30th. Finally, Goldman Sachs Group started coverage on shares of Groupon in a research report on Monday, February 4th. They issued a “neutral” rating and a $3.50 price objective on the stock.
In related news, Director Eric P. Lefkofsky sold 3,000,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $3.33, for a total value of $9,990,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 16.90% of the company’s stock.
Shares of NASDAQ GRPN opened at $3.56 on Thursday. The firm has a market cap of $1.98 billion, a PE ratio of 39.56, a PEG ratio of 16.95 and a beta of 1.47. Groupon has a twelve month low of $2.80 and a twelve month high of $5.52. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.53.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Tuesday, February 12th. The coupon company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $799.93 million for the quarter, compared to the consensus estimate of $782.54 million. Groupon had a positive return on equity of 17.33% and a negative net margin of 0.42%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 earnings per share. As a group, equities analysts anticipate that Groupon will post 0.07 earnings per share for the current fiscal year.
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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