Groupon Inc Common Stock (GRPN) Downgraded to Strong Sell at BidaskClub

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BidaskClub cut shares of Groupon Inc Common Stock (NASDAQ:GRPN) from a sell rating to a strong sell rating in a research note published on Friday morning.

Other equities research analysts also recently issued research reports about the company. UBS Group upgraded Groupon Inc Common Stock from a sell rating to a neutral rating and boosted their price objective for the company from $2.90 to $5.99 in a report on Thursday, May 10th. Zacks Investment Research downgraded Groupon Inc Common Stock from a buy rating to a hold rating in a report on Thursday, August 9th. Barclays reiterated a sell rating and issued a $4.50 price objective on shares of Groupon Inc Common Stock in a report on Sunday, August 5th. ValuEngine upgraded Groupon Inc Common Stock from a sell rating to a hold rating in a report on Friday, May 11th. Finally, Morgan Stanley boosted their price objective on Groupon Inc Common Stock from $4.60 to $4.80 and gave the company an equal weight rating in a report on Wednesday, July 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $5.65.

Shares of GRPN stock traded up $0.05 on Friday, hitting $4.02. The stock had a trading volume of 6,048,155 shares, compared to its average volume of 6,630,025. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $2.26 billion, a PE ratio of -134.00, a P/E/G ratio of 22.69 and a beta of 1.59. Groupon Inc Common Stock has a 1 year low of $3.95 and a 1 year high of $5.99.

Groupon Inc Common Stock (NASDAQ:GRPN) last posted its quarterly earnings data on Friday, August 3rd. The coupon company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). The firm had revenue of $617.40 million during the quarter, compared to analysts’ expectations of $632.20 million. Groupon Inc Common Stock had a negative net margin of 1.97% and a negative return on equity of 27.12%. Groupon Inc Common Stock’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 EPS. research analysts predict that Groupon Inc Common Stock will post 0.06 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Groupon Inc Common Stock by 29.9% during the 2nd quarter. BlackRock Inc. now owns 29,790,452 shares of the coupon company’s stock worth $128,101,000 after purchasing an additional 6,856,566 shares in the last quarter. First Trust Advisors LP grew its stake in Groupon Inc Common Stock by 10.8% during the 2nd quarter. First Trust Advisors LP now owns 19,050,925 shares of the coupon company’s stock worth $81,919,000 after purchasing an additional 1,860,994 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Groupon Inc Common Stock by 6.3% during the 1st quarter. Allianz Asset Management GmbH now owns 9,018,135 shares of the coupon company’s stock worth $39,139,000 after purchasing an additional 537,461 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in shares of Groupon Inc Common Stock by 473.8% during the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 8,663,418 shares of the coupon company’s stock worth $37,599,000 after acquiring an additional 7,153,551 shares in the last quarter. Finally, P2 Capital Partners LLC acquired a new position in shares of Groupon Inc Common Stock during the 1st quarter worth about $34,720,000. 66.82% of the stock is owned by hedge funds and other institutional investors.

About Groupon Inc Common Stock

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.

Further Reading: Understanding Price to Earnings Ratio (PE)

Analyst Recommendations for Groupon Inc Common Stock (NASDAQ:GRPN)

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