Groupon (GRPN) Shares Down 0%

Groupon Inc (NASDAQ:GRPN) shares fell 0% during trading on Friday . The company traded as low as $4.28 and last traded at $4.29. 10,502,724 shares were traded during mid-day trading, an increase of 7% from the average session volume of 9,848,936 shares. The stock had previously closed at $4.29.

A number of brokerages have recently commented on GRPN. DA Davidson reiterated a “buy” rating on shares of Groupon in a research note on Thursday, November 30th. Goldman Sachs restated a “neutral” rating and issued a $4.80 price objective on shares of Groupon in a report on Thursday, February 15th. Morgan Stanley restated a “sell” rating and issued a $4.30 price objective on shares of Groupon in a report on Thursday, February 15th. Vetr upgraded Groupon from a “hold” rating to a “strong-buy” rating and set a $6.79 price objective for the company in a report on Tuesday, December 12th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $6.25 price target on shares of Groupon in a report on Tuesday, December 12th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $5.06.

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The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $2,571.82, a price-to-earnings ratio of 215.11, a price-to-earnings-growth ratio of 20.55 and a beta of 1.61.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, February 14th. The coupon company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). Groupon had a return on equity of 0.22% and a net margin of 0.49%. The business had revenue of $873.17 million for the quarter, compared to analyst estimates of $853.13 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. sell-side analysts anticipate that Groupon Inc will post 0.03 earnings per share for the current fiscal year.

In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $4.60, for a total transaction of $6,900,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brian Stevens sold 15,000 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $4.61, for a total value of $69,150.00. Following the sale, the chief accounting officer now owns 232,751 shares of the company’s stock, valued at $1,072,982.11. The disclosure for this sale can be found here. Company insiders own 23.40% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB acquired a new stake in Groupon during the 4th quarter worth about $192,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Groupon in the 4th quarter valued at about $1,680,000. MetLife Investment Advisors LLC acquired a new stake in shares of Groupon in the 4th quarter valued at about $724,000. Macquarie Group Ltd. grew its stake in shares of Groupon by 45.7% in the 4th quarter. Macquarie Group Ltd. now owns 162,300 shares of the coupon company’s stock valued at $828,000 after buying an additional 50,900 shares during the period. Finally, Greenhouse Funds LLLP grew its stake in shares of Groupon by 24.4% in the 4th quarter. Greenhouse Funds LLLP now owns 5,013,742 shares of the coupon company’s stock valued at $25,570,000 after buying an additional 983,481 shares during the period. Hedge funds and other institutional investors own 63.58% of the company’s stock.

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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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