Groupon (NASDAQ:GRPN) Issues Earnings Results, Misses Expectations By $0.02 EPS

Groupon (NASDAQ:GRPN) announced its quarterly earnings data on Tuesday. The coupon company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02), FiscalAI reports. Groupon had a negative return on equity of 717.37% and a negative net margin of 28.52%.The firm had revenue of $132.71 million for the quarter, compared to the consensus estimate of $137.34 million.

Groupon Trading Down 4.1%

Shares of Groupon stock traded down $0.49 during trading on Tuesday, reaching $11.58. 2,934,608 shares of the company were exchanged, compared to its average volume of 1,018,121. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 4.16. Groupon has a twelve month low of $9.21 and a twelve month high of $43.08. The business has a 50-day moving average price of $14.44 and a 200-day moving average price of $18.27. The firm has a market capitalization of $472.00 million, a price-to-earnings ratio of -3.32 and a beta of -0.02.

Hedge Funds Weigh In On Groupon

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of Groupon during the 3rd quarter worth about $32,000. Johnson Financial Group Inc. bought a new position in Groupon during the 4th quarter worth approximately $35,000. Quarry LP boosted its stake in Groupon by 48.1% during the 3rd quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock worth $45,000 after acquiring an additional 629 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Groupon during the second quarter valued at approximately $69,000. Finally, National Bank of Canada FI grew its holdings in Groupon by 172,400.0% during the third quarter. National Bank of Canada FI now owns 3,450 shares of the coupon company’s stock valued at $81,000 after purchasing an additional 3,448 shares during the period. Institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Groupon in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $31.25.

About Groupon

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.