Groupon (GRPN) Trading 9% Higher

Groupon Inc (NASDAQ:GRPN) traded up 9% on Friday . The company traded as high as $5.60 and last traded at $5.57. 18,871,734 shares were traded during mid-day trading, an increase of 101% from the average session volume of 9,388,470 shares. The stock had previously closed at $5.11.

A number of equities research analysts have recently weighed in on the company. BidaskClub lowered Groupon from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Citigroup lifted their price objective on Groupon from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Gabelli assumed coverage on Groupon in a research report on Tuesday, October 17th. They issued a “buy” rating and a $7.00 price objective on the stock. Zacks Investment Research lowered Groupon from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, TheStreet upgraded Groupon from a “d” rating to a “c-” rating in a research report on Thursday, November 2nd. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Groupon presently has an average rating of “Hold” and an average target price of $5.06.

The company has a market capitalization of $3,110.00, a P/E ratio of -37.13, a P/E/G ratio of 27.16 and a beta of 1.57. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.99.

Groupon (NASDAQ:GRPN) last released its earnings results on Wednesday, November 1st. The coupon company reported $0.01 EPS for the quarter. The company had revenue of $634.46 million during the quarter, compared to analysts’ expectations of $642.62 million. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) EPS. research analysts anticipate that Groupon Inc will post -0.02 earnings per share for the current year.

In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $5.77, for a total value of $8,655,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brian Stevens sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $5.71, for a total value of $114,200.00. Following the completion of the transaction, the chief accounting officer now owns 222,354 shares of the company’s stock, valued at approximately $1,269,641.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,545,000 shares of company stock valued at $8,901,450. 23.40% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRPN. Ameritas Investment Partners Inc. purchased a new position in Groupon during the second quarter valued at $116,000. ProShare Advisors LLC purchased a new position in Groupon during the second quarter valued at $122,000. Prudential Financial Inc. raised its stake in Groupon by 157.7% during the second quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock valued at $122,000 after buying an additional 19,408 shares during the last quarter. New York State Teachers Retirement System purchased a new position in Groupon during the third quarter valued at $122,000. Finally, SG Americas Securities LLC raised its stake in Groupon by 24.9% during the second quarter. SG Americas Securities LLC now owns 39,212 shares of the coupon company’s stock valued at $151,000 after buying an additional 7,813 shares during the last quarter. Institutional investors own 60.01% 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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