Groupon (NASDAQ:GRPN) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Groupon (NASDAQ:GRPN) from a sell rating to a hold rating in a research note released on Thursday, ValuEngine reports.

Other analysts have also issued reports about the company. BidaskClub upgraded Groupon from a sell rating to a hold rating in a research note on Saturday, July 27th. Zacks Investment Research lowered Groupon from a hold rating to a sell rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Groupon presently has an average rating of Hold and a consensus target price of $4.22.

Groupon stock traded down $0.21 during mid-day trading on Thursday, reaching $2.91. 61,447 shares of the company’s stock were exchanged, compared to its average volume of 4,384,309. The business has a fifty day simple moving average of $3.47. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 32.67 and a beta of 1.28. Groupon has a one year low of $2.80 and a one year high of $4.97. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.02.

Groupon (NASDAQ:GRPN) last issued its earnings results on Tuesday, July 30th. The coupon company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $532.58 million during the quarter, compared to the consensus estimate of $566.70 million. Groupon had a net margin of 0.32% and a return on equity of 14.29%. The business’s quarterly revenue was down 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 earnings per share. As a group, equities research analysts anticipate that Groupon will post 0.08 earnings per share for the current year.

In other Groupon news, Director Eric P. Lefkofsky sold 3,000,000 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $3.50, for a total value of $10,500,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 15.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in GRPN. Swiss National Bank boosted its stake in Groupon by 2.0% during the 2nd quarter. Swiss National Bank now owns 848,866 shares of the coupon company’s stock valued at $3,039,000 after purchasing an additional 16,700 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Groupon by 49.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 35,940 shares of the coupon company’s stock valued at $129,000 after purchasing an additional 11,875 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Groupon by 155.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 50,063 shares of the coupon company’s stock valued at $176,000 after purchasing an additional 30,453 shares during the last quarter. Balter Liquid Alternatives LLC boosted its stake in Groupon by 40.8% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 872,443 shares of the coupon company’s stock valued at $3,123,000 after purchasing an additional 252,799 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in Groupon by 11.2% during the 2nd quarter. Aperio Group LLC now owns 47,342 shares of the coupon company’s stock valued at $169,000 after purchasing an additional 4,766 shares during the last quarter. Institutional investors own 68.27% of the company’s stock.

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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