Groupon (NASDAQ:GRPN) Shares Gap Up to $2.32

Groupon Inc (NASDAQ:GRPN) gapped up prior to trading on Friday . The stock had previously closed at $2.26, but opened at $2.32. Groupon shares last traded at $2.36, with a volume of 6,267,878 shares.

Several research firms recently issued reports on GRPN. ValuEngine cut Groupon from a “hold” rating to a “sell” rating in a research note on Friday. BidaskClub cut Groupon from a “sell” rating to a “strong sell” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Groupon currently has an average rating of “Hold” and an average price target of $4.15.

The company has a market cap of $1.32 billion, a P/E ratio of 26.22 and a beta of 1.28. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s fifty day moving average is $3.24 and its two-hundred day moving average is $3.44.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Tuesday, July 30th. The coupon company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). Groupon had a return on equity of 14.29% and a net margin of 0.32%. The firm had revenue of $532.58 million during the quarter, compared to analysts’ expectations of $566.70 million. During the same period last year, the company earned $0.02 earnings per share. The business’s revenue for the quarter was down 13.7% compared to the same quarter last year. On average, equities research analysts expect that Groupon Inc will post 0.07 EPS for the current year.

In other news, Director Eric P. Lefkofsky sold 3,000,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $3.50, for a total transaction of $10,500,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 15.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRPN. Par Capital Management Inc. grew its position in shares of Groupon by 3.7% in the second quarter. Par Capital Management Inc. now owns 56,645,000 shares of the coupon company’s stock valued at $202,789,000 after purchasing an additional 2,000,000 shares during the period. Vanguard Group Inc. raised its holdings in Groupon by 3.1% in the second quarter. Vanguard Group Inc. now owns 43,010,256 shares of the coupon company’s stock valued at $153,976,000 after buying an additional 1,277,016 shares during the period. BlackRock Inc. raised its holdings in Groupon by 2.4% in the second quarter. BlackRock Inc. now owns 30,951,874 shares of the coupon company’s stock valued at $110,808,000 after buying an additional 723,341 shares during the period. First Trust Advisors LP raised its holdings in Groupon by 3.4% in the first quarter. First Trust Advisors LP now owns 21,068,354 shares of the coupon company’s stock valued at $74,793,000 after buying an additional 694,590 shares during the period. Finally, Nuveen Asset Management LLC purchased a new position in Groupon in the second quarter valued at approximately $66,614,000. Hedge funds and other institutional investors own 68.27% of the company’s stock.

About Groupon (NASDAQ:GRPN)

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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