Groupon (GRPN) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of Groupon (NASDAQ:GRPN) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

A number of other brokerages have also commented on GRPN. Vetr raised Groupon from a hold rating to a strong-buy rating and set a $6.79 target price for the company in a research report on Tuesday, December 12th. Goldman Sachs Group reissued a neutral rating and set a $4.80 price objective on shares of Groupon in a report on Thursday, February 15th. Morgan Stanley raised Groupon from an underweight rating to an equal weight rating and decreased their price objective for the stock from $4.27 to $4.00 in a report on Monday, March 5th. Piper Jaffray Companies reissued a buy rating and set a $6.25 price objective on shares of Groupon in a report on Monday, November 20th. Finally, JPMorgan Chase & Co. decreased their price objective on Groupon from $6.00 to $5.00 and set a neutral rating for the company in a report on Thursday, February 15th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued 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 a consensus target price of $5.06.

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Shares of Groupon (NASDAQ:GRPN) traded down $0.07 during trading on Wednesday, reaching $4.50. The company had a trading volume of 6,585,315 shares, compared to its average volume of 11,899,287. Groupon has a twelve month low of $2.90 and a twelve month high of $5.99. The company has a market cap of $2,526.89, a price-to-earnings ratio of 225.11, a price-to-earnings-growth ratio of 20.19 and a beta of 1.61. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95.

Groupon (NASDAQ:GRPN) last issued its earnings results on Wednesday, February 14th. The coupon company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Groupon had a net margin of 0.49% and a return on equity of 0.22%. The firm had revenue of $873.17 million during the quarter, compared to the consensus estimate of $853.13 million. During the same period in the previous year, the firm earned $0.07 earnings per share. The business’s quarterly revenue was down 3.5% on a year-over-year basis. sell-side analysts predict that Groupon will post 0.03 earnings per share for the current fiscal year.

In other news, CAO Brian Stevens sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $4.61, for a total value of $69,150.00. Following the completion of the transaction, the chief accounting officer now directly owns 232,751 shares of the company’s stock, valued at $1,072,982.11. The transaction 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 company’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $4.60, for a total value of $6,900,000.00. The disclosure for this sale can be found here. Corporate insiders own 23.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in GRPN. Paloma Partners Management Co bought a new position in shares of Groupon in the fourth quarter valued at approximately $110,000. Ameritas Investment Partners Inc. bought a new position in shares of Groupon in the second quarter valued at approximately $116,000. New York State Teachers Retirement System bought a new position in shares of Groupon in the third quarter valued at approximately $122,000. US Bancorp DE bought a new position in shares of Groupon in the fourth quarter valued at approximately $133,000. Finally, North Star Investment Management Corp. bought a new position in shares of Groupon in the fourth quarter valued at approximately $153,000. 62.78% of the stock is owned by institutional investors.

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About Groupon

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).

Analyst Recommendations for Groupon (NASDAQ:GRPN)

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