Groupon (GRPN) Upgraded to “Hold” at BidaskClub

Groupon (NASDAQ:GRPN) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday, March 30th, BidAskClub reports.

A number of other equities research analysts have also recently weighed in on GRPN. Zacks Investment Research upgraded Groupon from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th. Goldman Sachs Group began coverage on Groupon in a research note on Monday, February 4th. They set a “neutral” rating and a $3.50 price target for the company. Finally, ValuEngine upgraded Groupon from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $4.56.

NASDAQ GRPN traded up $0.04 on Friday, reaching $3.49. The stock had a trading volume of 1,719,316 shares, compared to its average volume of 3,272,873. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.53. Groupon has a 12-month low of $2.80 and a 12-month high of $5.52. The stock has a market cap of $1.99 billion, a P/E ratio of 38.78, a P/E/G ratio of 16.62 and a beta of 1.47.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Tuesday, February 12th. The coupon company reported $0.08 earnings per share for the quarter, missing the Zacks’ 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 quarter in the prior year, the firm posted $0.07 EPS. Groupon’s quarterly revenue was down 8.4% compared to the same quarter last year. As a group, research analysts predict that Groupon will post 0.07 earnings per share 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 16.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. grew its holdings in Groupon by 20.7% in the fourth quarter. Alps Advisors Inc. now owns 25,991 shares of the coupon company’s stock valued at $83,000 after purchasing an additional 4,464 shares during the last quarter. Bank of Montreal Can grew its holdings in 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 purchasing an additional 5,281 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in 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 purchasing an additional 6,407 shares during the last quarter. Quinn Opportunity Partners LLC acquired a new stake in Groupon in the fourth quarter valued at $41,000. Finally, Legal & General Group Plc grew its holdings in Groupon by 8.1% in the fourth quarter. Legal & General Group Plc now owns 179,201 shares of the coupon company’s stock valued at $573,000 after purchasing an additional 13,351 shares during the last quarter. 69.48% of the stock is currently owned by institutional investors.

About Groupon

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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