Groupon, Inc. (NASDAQ:GRPN) released its quarterly earnings data on Wednesday. The coupon company reported $0.01 earnings per share (EPS) for the quarter, Briefing.com reports. The business had revenue of $634.46 million for the quarter, compared to analysts’ expectations of $642.62 million. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) EPS.
In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $4.39, for a total transaction of $6,585,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter J. Barris sold 562,719 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $3.96, for a total transaction of $2,228,367.24. Following the transaction, the director now owns 168,887 shares of the company’s stock, valued at $668,792.52. The disclosure for this sale can be found here. Insiders have sold 2,872,719 shares of company stock valued at $12,375,267 over the last quarter. Insiders own 23.40% of the company’s stock.
Several equities analysts recently issued reports on GRPN shares. B. Riley reaffirmed a “buy” rating and issued a $5.50 price objective on shares of Groupon in a research report on Thursday, August 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $5.50 price objective on shares of Groupon in a research report on Thursday, September 21st. DA Davidson started coverage on Groupon in a research report on Friday, September 22nd. They issued a “buy” rating and a $5.00 price objective on the stock. Vetr cut Groupon from a “strong-buy” rating to a “buy” rating and set a $5.83 price objective on the stock. in a research report on Wednesday, October 4th. Finally, Gabelli started coverage on Groupon in a research report on Tuesday, October 17th. They issued a “buy” rating and a $7.00 price objective on the stock. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.79.
Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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