Groupon (NASDAQ:GRPN) Rating Lowered to Sell at ValuEngine

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

Separately, BidaskClub lowered Groupon from a sell rating to a strong sell rating in a research note on Friday, August 9th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Groupon has an average rating of Hold and a consensus price target of $4.15.

Shares of NASDAQ:GRPN opened at $2.46 on Friday. The business’s 50 day simple moving average is $3.17 and its 200-day simple moving average is $3.43. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 27.33 and a beta of 1.28. 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 has a 12 month low of $2.31 and a 12 month high of $4.70.

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

In related news, Director Eric P. Lefkofsky sold 3,000,000 shares of Groupon stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $3.50, for a total transaction of $10,500,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 15.50% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Par Capital Management Inc. raised its position in shares of Groupon by 3.7% during the 2nd quarter. Par Capital Management Inc. now owns 56,645,000 shares of the coupon company’s stock worth $202,789,000 after purchasing an additional 2,000,000 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Groupon by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 43,010,256 shares of the coupon company’s stock worth $153,976,000 after purchasing an additional 1,277,016 shares during the last quarter. BlackRock Inc. raised its position in shares of Groupon by 2.4% during the 2nd quarter. BlackRock Inc. now owns 30,951,874 shares of the coupon company’s stock worth $110,808,000 after purchasing an additional 723,341 shares during the last quarter. First Trust Advisors LP raised its holdings in Groupon by 3.4% in the 1st quarter. First Trust Advisors LP now owns 21,068,354 shares of the coupon company’s stock valued at $74,793,000 after acquiring an additional 694,590 shares during the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in Groupon in the 2nd quarter valued at $66,614,000. Hedge funds and other institutional investors own 69.28% 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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