Q2 2018 Earnings Forecast for Groupon, Inc. (GRPN) Issued By William Blair
Groupon, Inc. (NASDAQ:GRPN) – Analysts at William Blair increased their Q2 2018 EPS estimates for shares of Groupon in a research note issued on Wednesday. William Blair analyst R. Schackart now expects that the coupon company will earn $0.00 per share for the quarter, up from their prior estimate of ($0.01).
Several other analysts have also recently issued reports on the company. TheStreet raised Groupon from a “d” rating to a “c-” rating in a research report on Thursday. Barclays PLC raised their price objective on Groupon from $3.85 to $4.40 and gave the stock an “underweight” rating in a research report on Thursday. Morgan Stanley lifted their price objective on Groupon from $3.40 to $3.60 and gave the company an “underweight” rating in a research note on Thursday. B. Riley reiterated a “buy” rating and set a $6.30 price objective on shares of Groupon in a research note on Thursday. Finally, Citigroup Inc. lifted their price objective on Groupon from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Thursday. Seven investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $4.79.
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Groupon (NASDAQ:GRPN) traded down $0.02 on Monday, reaching $5.44. The company’s stock had a trading volume of 1,302,425 shares, compared to its average volume of 9,372,605. 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 has a one year low of $2.90 and a one year high of $5.49.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. The firm had revenue of $634.46 million for 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 company’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) earnings per share.
Several hedge funds and other institutional investors have recently bought and sold shares of GRPN. Karp Capital Management Corp acquired a new position in Groupon during the 1st quarter valued at about $108,000. Aperio Group LLC lifted its stake in shares of Groupon by 4.6% in the 2nd 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 period. Ameritas Investment Partners Inc. acquired a new stake in shares of Groupon in the 2nd quarter worth approximately $116,000. Prudential Financial Inc. lifted its stake in shares of Groupon by 157.7% in the 2nd quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock worth $122,000 after acquiring an additional 19,408 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in shares of Groupon in the 2nd quarter worth approximately $122,000. 57.10% of the stock is owned by institutional investors and hedge funds.
In related news, insider James Sullivan sold 25,000 shares of Groupon stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $4.90, for a total transaction of $122,500.00. Following the sale, the insider now owns 353,524 shares of the company’s stock, valued at approximately $1,732,267.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brian Stevens sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $4.04, for a total transaction of $40,400.00. Following the completion of the sale, the chief accounting officer now directly owns 215,696 shares of the company’s stock, valued at approximately $871,411.84. The disclosure for this sale can be found here. Insiders have sold a total of 2,872,719 shares of company stock worth $12,375,267 in the last 90 days. Company insiders own 23.40% of the company’s stock.
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).
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