Groupon, Inc. (NASDAQ:GRPN) has received an average rating of “Hold” from the twenty-three ratings firms that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $4.67.
A number of equities analysts recently issued reports on GRPN shares. B. Riley upped their price target on Groupon from $5.50 to $6.30 and gave the company a “buy” rating in a report on Wednesday, October 18th. BidaskClub downgraded Groupon from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Barclays PLC reaffirmed an “underweight” rating and issued a $3.85 price target (up from $3.40) on shares of Groupon in a report on Thursday, August 3rd. DA Davidson started coverage on Groupon in a report on Friday, September 22nd. They issued a “buy” rating and a $5.00 price target for the company. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $4.70 price target on shares of Groupon in a report on Wednesday, October 11th.
In other Groupon news, insider James Sullivan sold 25,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $3.96, for a total value of $99,000.00. Following the completion of the transaction, the insider now owns 343,353 shares in the company, valued at $1,359,677.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter J. Barris sold 562,719 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $3.96, for a total value of $2,228,367.24. Following the completion of the transaction, the director now owns 168,887 shares of the company’s stock, valued at approximately $668,792.52. The disclosure for this sale can be found here. Insiders sold 2,872,719 shares of company stock valued at $12,375,267 in the last quarter. 23.40% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in GRPN. Karp Capital Management Corp purchased a new position in Groupon in the first quarter worth $108,000. Aperio Group LLC raised its position in Groupon by 4.6% in the second 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 in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Groupon in the second quarter worth $116,000. Prudential Financial Inc. raised its position in Groupon by 157.7% in the second 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 in the last quarter. Finally, ProShare Advisors LLC purchased a new position in Groupon in the second quarter worth $122,000. Hedge funds and other institutional investors own 55.39% of the company’s stock.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $634.46 million during the quarter, compared to the consensus estimate of $642.62 million. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.01) earnings per share.
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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