Groupon Inc. (NASDAQ:GRPN) – Stock analysts at Wedbush upped their FY2016 earnings estimates for shares of Groupon in a note issued to investors on Monday. Wedbush analyst A. Turner now anticipates that the brokerage will post earnings of ($0.20) per share for the year, up from their prior forecast of ($0.21). Wedbush currently has a “Outperform” rating and a $6.50 price target on the stock. Wedbush also issued estimates for Groupon’s Q4 2016 earnings at ($0.03) EPS, Q1 2017 earnings at ($0.03) EPS, Q3 2017 earnings at ($0.02) EPS, Q4 2017 earnings at ($0.01) EPS and FY2017 earnings at ($0.10) EPS.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings results 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. Groupon had a negative net margin of 5.71% and a negative return on equity of 14.95%. The company had revenue of $756.03 million for the quarter, compared to analyst estimates of $710.94 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year.
A number of other analysts have also weighed in on GRPN. B. Riley restated a “neutral” rating and set a $4.50 price objective on shares of Groupon in a research note on Tuesday, August 2nd. Vetr upgraded shares of Groupon from a “sell” rating to a “buy” rating and set a $4.20 price objective for the company in a research note on Monday, July 18th. Morgan Stanley raised their price objective on shares of Groupon from $3.00 to $4.70 and gave the company an “equal weight” rating in a research note on Thursday, July 28th. Credit Suisse Group AG restated a “neutral” rating and set a $5.00 price objective on shares of Groupon in a research note on Thursday, July 28th. Finally, Jefferies Group restated a “hold” rating on shares of Groupon in a research note on Monday, July 11th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Groupon has an average rating of “Hold” and a consensus target price of $6.70.
Groupon (NASDAQ:GRPN) traded down 0.39% during mid-day trading on Wednesday, reaching $5.05. 3,010,072 shares of the company were exchanged. The stock’s market capitalization is $2.90 billion. The stock has a 50 day moving average of $5.21 and a 200-day moving average of $4.36. Groupon has a one year low of $2.15 and a one year high of $5.94.
In related news, Director Peter J. Barris sold 730,349 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $5.69, for a total value of $4,155,685.81. Following the completion of the sale, the director now directly owns 116,923 shares of the company’s stock, valued at $665,291.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James Sullivan sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $5.81, for a total transaction of $116,200.00. Following the completion of the sale, the insider now directly owns 299,778 shares of the company’s stock, valued at $1,741,710.18. The disclosure for this sale can be found here. 23.86% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Groupon by 0.3% in the second quarter. Vanguard Group Inc. now owns 28,272,685 shares of the coupon company’s stock worth $91,887,000 after buying an additional 97,566 shares during the period. Renaissance Technologies LLC raised its stake in Groupon by 1.9% in the first quarter. Renaissance Technologies LLC now owns 12,645,900 shares of the coupon company’s stock worth $50,457,000 after buying an additional 240,700 shares during the period. First Trust Advisors LP raised its stake in 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 raised its stake in 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. Finally, JPMorgan Chase & Co. raised its stake in Groupon by 81.0% in the second quarter. JPMorgan Chase & Co. now owns 2,786,548 shares of the coupon company’s stock worth $9,056,000 after buying an additional 1,246,957 shares during the period. 54.60% of the stock is owned by 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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