Groupon (NASDAQ:GRPN) announced its earnings results on Wednesday. The coupon company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03, Morningstar.com reports. The business had revenue of $592.90 million for the quarter, compared to analysts’ expectations of $602.08 million. Groupon had a negative return on equity of 27.12% and a negative net margin of 1.97%. Groupon’s revenue was down 6.6% compared to the same quarter last year.
Shares of GRPN stock traded down $0.06 during trading hours on Friday, reaching $2.93. 148,766 shares of the company traded hands, compared to its average volume of 7,053,546. Groupon has a 12-month low of $2.89 and a 12-month high of $5.99. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.72. The stock has a market cap of $1.85 billion, a P/E ratio of -97.83, a PEG ratio of 13.87 and a beta of 1.75.
Several research analysts have issued reports on the company. Zacks Investment Research cut Groupon from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. BidaskClub raised Groupon from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 2nd. TheStreet cut Groupon from a “c-” rating to a “d+” rating in a research report on Wednesday, September 26th. Barclays reissued a “sell” rating and issued a $4.50 target price on shares of Groupon in a research report on Sunday, August 5th. Finally, B. Riley dropped their target price on Groupon from $6.30 to $5.60 and set a “buy” rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $5.20.
Hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in shares of Groupon by 115.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,063 shares of the coupon company’s stock valued at $138,000 after buying an additional 17,167 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Groupon during the 2nd quarter valued at about $209,000. Commonwealth Bank of Australia purchased a new position in shares of Groupon during the 3rd quarter valued at about $190,000. Balter Liquid Alternatives LLC purchased a new position in shares of Groupon during the 2nd quarter valued at about $248,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Groupon during the 2nd quarter valued at about $268,000. 66.15% of the stock is currently owned by hedge funds and other institutional investors.
Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.
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