Several other research firms have also recently issued reports on GRPN. Zacks Investment Research cut shares of Groupon from a buy rating to a hold rating in a research report on Tuesday, August 9th. Vetr raised shares of Groupon from a sell rating to a buy rating and set a $6.47 price target for the company in a research report on Tuesday, August 9th. Piper Jaffray Cos. reaffirmed an overweight rating and issued a $6.50 price target on shares of Groupon in a research report on Thursday, August 18th. Jefferies Group reaffirmed a hold rating and issued a $4.75 price target on shares of Groupon in a research report on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. reaffirmed a hold rating and issued a $5.00 price target on shares of Groupon in a research report on Tuesday, September 27th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $6.53.
Shares of Groupon (NASDAQ:GRPN) opened at 5.29 on Thursday. Groupon has a one year low of $2.15 and a one year high of $5.94. The stock’s market cap is $3.04 billion. The company has a 50-day moving average of $5.33 and a 200 day moving average of $4.28.
Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Wednesday, July 27th. The coupon company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company earned $756.03 million during the quarter, compared to analysts’ expectations of $710.94 million. Groupon had a negative net margin of 5.71% and a negative return on equity of 14.95%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.02 EPS.
In related news, CAO Brian Stevens sold 15,000 shares of the stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $5.54, for a total transaction of $83,100.00. Following the sale, the chief accounting officer now directly owns 147,521 shares of the company’s stock, valued at $817,266.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Dane A. Drobny sold 30,798 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $5.48, for a total transaction of $168,773.04. Following the sale, the general counsel now directly owns 320,132 shares in the company, valued at $1,754,323.36. The disclosure for this sale can be found here. Corporate insiders own 23.86% of the company’s stock.
A number of hedge funds have recently made changes to their positions in GRPN. Norges Bank purchased a new stake in shares of Groupon during the fourth quarter worth about $13,951,000. First Trust Advisors LP increased its stake in shares of Groupon by 36.4% in the second quarter. First Trust Advisors LP now owns 11,161,721 shares of the coupon company’s stock worth $36,276,000 after buying an additional 2,976,695 shares during the period. HBK Investments L P increased its stake in shares of Groupon by 329.2% in the first quarter. HBK Investments L P now owns 3,494,900 shares of the coupon company’s stock worth $13,945,000 after buying an additional 2,680,569 shares during the period. Credit Suisse AG increased its stake in shares of Groupon by 324.7% in the second quarter. Credit Suisse AG now owns 2,287,173 shares of the coupon company’s stock worth $7,434,000 after buying an additional 1,748,581 shares during the period. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Groupon during the first quarter worth about $5,854,000. 54.60% of the stock is currently owned by hedge funds and other institutional investors.
Groupon, Inc operates online local commerce marketplaces throughout 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, the Middle East and Africa, and international operations (Rest of World).
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