Groupon (NASDAQ:GRPN) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.
Other analysts have also issued research reports about the stock. Morgan Stanley upgraded shares of Groupon from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $4.27 to $4.40 in a research note on Monday, March 5th. Zacks Investment Research upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. ValuEngine upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. UBS Group upgraded shares of Groupon from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $2.90 to $5.99 in a research note on Thursday, May 10th. Finally, Barclays restated a “sell” rating and issued a $4.75 price target on shares of Groupon in a research note on Friday, May 11th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $5.32.
Shares of GRPN traded down $0.09 during mid-day trading on Tuesday, reaching $4.66. 22,543 shares of the stock traded hands, compared to its average volume of 7,883,415. The firm has a market capitalization of $2.64 billion, a P/E ratio of -156.00, a P/E/G ratio of 8.35 and a beta of 1.34. Groupon has a 12-month low of $3.05 and a 12-month high of $5.99. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.55.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Wednesday, May 9th. The coupon company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $626.54 million for the quarter, compared to analyst estimates of $604.16 million. Groupon had a net margin of 1.13% and a return on equity of 6.53%. The business’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 earnings per share. equities analysts expect that Groupon will post 0.09 earnings per share for the current fiscal year.
Groupon declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 9th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the coupon company to buy up to 11% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
In other news, CAO Brian Stevens sold 15,000 shares of the business’s stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $4.62, for a total transaction of $69,300.00. Following the completion of the transaction, the chief accounting officer now owns 220,484 shares of the company’s stock, valued at $1,018,636.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the business’s stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $4.60, for a total transaction of $6,900,000.00. The disclosure for this sale can be found here. Insiders own 16.90% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in GRPN. Schwab Charles Investment Management Inc. lifted its holdings in Groupon by 11.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,164,262 shares of the coupon company’s stock worth $11,038,000 after purchasing an additional 216,603 shares during the period. SG Americas Securities LLC raised its position in Groupon by 61.4% in the fourth quarter. SG Americas Securities LLC now owns 52,136 shares of the coupon company’s stock worth $266,000 after acquiring an additional 19,838 shares in the last quarter. US Bancorp DE bought a new stake in Groupon in the fourth quarter worth about $133,000. Teacher Retirement System of Texas raised its position in Groupon by 313.9% in the fourth quarter. Teacher Retirement System of Texas now owns 143,611 shares of the coupon company’s stock worth $732,000 after acquiring an additional 108,915 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Groupon by 228.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,530,843 shares of the coupon company’s stock worth $7,807,000 after acquiring an additional 1,064,319 shares in the last quarter. 66.19% of the stock is owned by 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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