Vetr Inc. Lowers Groupon, Inc. (GRPN) to Buy
Vetr cut shares of Groupon, Inc. (NASDAQ:GRPN) from a strong-buy rating to a buy rating in a research report report published on Wednesday morning. Vetr currently has $5.83 target price on the coupon company’s stock.
Several other equities research analysts have also commented on the stock. DA Davidson began coverage on shares of Groupon in a research report on Friday, September 22nd. They set a buy rating and a $5.00 price target for the company. Piper Jaffray Companies reaffirmed a buy rating and set a $5.50 price target on shares of Groupon in a research report on Thursday, September 21st. Wedbush reaffirmed a positive rating and set a $4.08 price target (down previously from $4.50) on shares of Groupon in a research report on Wednesday, August 23rd. Barclays PLC reaffirmed an underweight rating and set a $3.85 price target (up previously from $3.40) on shares of Groupon in a research report on Wednesday, August 9th. Finally, B. Riley reaffirmed a buy rating and set a $5.50 price target on shares of Groupon in a research report on Tuesday, August 8th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $4.58.
Shares of Groupon (GRPN) traded down 2.14% during trading on Wednesday, reaching $5.03. 4,617,779 shares of the company’s stock were exchanged. The firm’s market cap is $2.80 billion. The stock has a 50-day moving average price of $4.50 and a 200 day moving average price of $3.86. Groupon has a 12 month low of $2.90 and a 12 month high of $5.38.
Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. Groupon had a negative net margin of 4.16% and a negative return on equity of 13.08%. The firm had revenue of $662.60 million during the quarter, compared to analyst estimates of $668.84 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, analysts forecast that Groupon will post $0.12 EPS for the current year.
In other news, insider James Sullivan sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $4.90, for a total transaction of $122,500.00. Following the completion of the transaction, the insider now directly owns 353,524 shares in the company, valued at approximately $1,732,267.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brian Stevens sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $4.04, for a total value of $40,400.00. Following the transaction, the chief accounting officer now owns 215,696 shares of the company’s stock, valued at $871,411.84. The disclosure for this sale can be found here. Insiders sold a total of 2,872,719 shares of company stock valued at $12,375,267 over the last 90 days. 23.40% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in shares of Groupon by 3.6% during the 1st quarter. Teacher Retirement System of Texas now owns 35,185 shares of the coupon company’s stock valued at $138,000 after acquiring an additional 1,222 shares during the last quarter. Aperio Group LLC boosted its position in shares of Groupon by 4.6% during the 2nd quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock valued at $111,000 after acquiring an additional 1,268 shares during the last quarter. Suntrust Banks Inc. boosted its position in shares of Groupon by 2.0% during the 2nd quarter. Suntrust Banks Inc. now owns 65,767 shares of the coupon company’s stock valued at $252,000 after acquiring an additional 1,272 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Groupon by 6.8% during the 1st quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock valued at $123,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of Groupon by 1.9% during the 2nd quarter. Voya Investment Management LLC now owns 152,428 shares of the coupon company’s stock valued at $585,000 after acquiring an additional 2,911 shares during the last quarter. Hedge funds and other institutional investors own 56.08% of the company’s stock.
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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