Groupon (GRPN) Stock Rating Lowered by BidaskClub

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

Several other analysts also recently weighed in on GRPN. 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 report on Wednesday, January 2nd. ValuEngine raised Groupon from a sell rating to a hold rating in a report on Tuesday, January 15th. Finally, Goldman Sachs Group started coverage on Groupon in a report on Monday, February 4th. They issued a neutral rating and a $3.50 target price for the company. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Groupon has a consensus rating of Hold and an average target price of $4.56.

Groupon stock opened at $3.56 on Tuesday. Groupon has a fifty-two week low of $2.80 and a fifty-two week high of $5.52. 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 stock has a market capitalization of $1.97 billion, a PE ratio of 39.56, a PEG ratio of 16.48 and a beta of 1.47.

Groupon (NASDAQ:GRPN) last posted its earnings results on Tuesday, February 12th. The coupon company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). Groupon had a negative net margin of 0.42% and a positive return on equity of 17.33%. The firm had revenue of $799.93 million during the quarter, compared to analysts’ expectations of $782.54 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities research analysts expect that Groupon will post 0.07 EPS for the current year.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Nadler Financial Group Inc. purchased a new stake in Groupon during the 4th quarter valued at approximately $49,000. Gamco Investors INC. ET AL raised its stake in Groupon by 50.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 315,423 shares of the coupon company’s stock valued at $1,009,000 after acquiring an additional 105,158 shares during the last quarter. Marathon Trading Investment Management LLC purchased a new stake in Groupon during the 4th quarter valued at approximately $47,000. Man Group plc raised its stake in Groupon by 26.0% during the 3rd quarter. Man Group plc now owns 4,358,195 shares of the coupon company’s stock valued at $16,431,000 after acquiring an additional 899,255 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Groupon by 30.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 663,068 shares of the coupon company’s stock valued at $2,122,000 after acquiring an additional 153,174 shares during the last quarter. 69.48% of the stock is owned by hedge funds and other institutional investors.

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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