Groupon (GRPN) Lowered to “Sell” at BidaskClub

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BidaskClub cut shares of Groupon (NASDAQ:GRPN) from a hold rating to a sell rating in a research note issued to investors on Tuesday, BidAskClub reports.

Several other equities research analysts have also recently issued reports on the company. ValuEngine raised Groupon from a sell rating to a hold rating in a research note on Tuesday, January 15th. Goldman Sachs Group initiated coverage on Groupon in a research note on Monday, February 4th. They set a neutral rating and a $3.50 target price for the company. Finally, Zacks Investment Research raised Groupon from a hold rating to a buy rating and set a $3.50 target price for the company in a research note on Wednesday, January 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $4.56.

GRPN stock opened at $3.56 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 39.56, a price-to-earnings-growth ratio of 16.48 and a beta of 1.47. Groupon has a 52-week low of $2.80 and a 52-week high of $5.52.

Groupon (NASDAQ:GRPN) last posted its earnings results on Tuesday, February 12th. The coupon company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $799.93 million for the quarter, compared to analyst estimates of $782.54 million. Groupon had a positive return on equity of 17.33% and a negative net margin of 0.42%. Groupon’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the business earned $0.07 EPS. As a group, equities research analysts anticipate that Groupon will post 0.07 earnings per share for the current fiscal year.

In other news, Director Eric P. Lefkofsky sold 3,000,000 shares of Groupon stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $3.33, for a total value of $9,990,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can grew its stake in shares of Groupon by 130.6% in the fourth quarter. Bank of Montreal Can now owns 9,326 shares of the coupon company’s stock valued at $30,000 after buying an additional 5,281 shares in the last quarter. Quinn Opportunity Partners LLC acquired a new stake in shares of Groupon in the fourth quarter valued at $41,000. Marathon Trading Investment Management LLC acquired a new stake in shares of Groupon in the fourth quarter valued at $47,000. Nadler Financial Group Inc. acquired a new stake in shares of Groupon in the fourth quarter valued at $49,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Groupon by 34.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 25,035 shares of the coupon company’s stock valued at $80,000 after buying an additional 6,407 shares in the last quarter. 69.48% of the stock is owned by institutional investors and hedge funds.

Groupon Company Profile

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, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.

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Analyst Recommendations for Groupon (NASDAQ:GRPN)

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