Vetr Inc. Downgrades Groupon, Inc. (GRPN) to Strong Sell

Groupon, Inc. (NASDAQ:GRPN) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “strong sell” rating in a report issued on Thursday. They presently have a $3.68 price target on the coupon company’s stock. Vetr‘s target price would suggest a potential downside of 32.60% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $6.25 target price (up previously from $5.50) on shares of Groupon in a research report on Wednesday. Jefferies Group LLC reaffirmed a “hold” rating and set a $4.00 target price on shares of Groupon in a research report on Thursday, October 19th. B. Riley increased their target price on Groupon from $5.50 to $6.30 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Gabelli assumed coverage on Groupon in a research report on Tuesday, October 17th. They set a “buy” rating and a $7.00 target price on the stock. Finally, Cowen and Company raised Groupon from an “underperform” rating to a “market perform” rating and increased their target price for the company from $2.90 to $5.38 in a research report on Monday, October 16th. Seven analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.79.

Shares of Groupon (NASDAQ:GRPN) traded up $0.19 during trading hours on Thursday, reaching $5.46. The company had a trading volume of 14,160,000 shares, compared to its average volume of 8,680,000. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 0.99. Groupon has a 52 week low of $2.90 and a 52 week high of $5.49.

Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share (EPS) for the quarter. 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 business’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.01) EPS. equities research analysts predict that Groupon will post -0.04 earnings per share for the current fiscal year.

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In other news, CAO Brian Stevens sold 10,000 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $4.04, for a total transaction of $40,400.00. Following the sale, the chief accounting officer now owns 215,696 shares of the company’s stock, valued at $871,411.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Sullivan sold 25,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $3.96, for a total transaction of $99,000.00. Following the transaction, the insider now owns 343,353 shares of the company’s stock, valued at approximately $1,359,677.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,872,719 shares of company stock worth $12,375,267. Insiders own 23.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRPN. Bank of New York Mellon Corp boosted its stake in shares of Groupon by 5.5% during the first quarter. Bank of New York Mellon Corp now owns 1,424,065 shares of the coupon company’s stock worth $5,596,000 after buying an additional 74,298 shares during the period. UBS Asset Management Americas Inc. raised its holdings in Groupon by 21.3% during the first quarter. UBS Asset Management Americas Inc. now owns 294,562 shares of the coupon company’s stock worth $1,158,000 after purchasing an additional 51,657 shares in the last quarter. Karp Capital Management Corp purchased a new position in Groupon during the first quarter worth about $108,000. SG Americas Securities LLC increased its holdings in Groupon by 6.8% in the first quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock valued at $123,000 after buying an additional 2,000 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Groupon by 3.3% in the first quarter. California Public Employees Retirement System now owns 1,171,300 shares of the coupon company’s stock valued at $4,603,000 after buying an additional 37,200 shares in the last quarter. Institutional investors own 55.39% of the company’s stock.

Groupon Company Profile

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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