Groupon (GRPN) Shares Gap Down to $5.25

Groupon Inc (NASDAQ:GRPN)’s share price gapped down prior to trading on Friday . The stock had previously closed at $5.37, but opened at $5.25. Groupon shares last traded at $5.11, with a volume of 10974158 shares changing hands.

Several equities analysts have commented on the company. BidaskClub cut Groupon from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Citigroup upped their price target on Groupon from $5.00 to $5.50 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Gabelli assumed coverage on Groupon in a report on Tuesday, October 17th. They issued a “buy” rating and a $7.00 price target for the company. Zacks Investment Research cut Groupon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, TheStreet raised Groupon from a “d” rating to a “c-” rating in a report on Thursday, November 2nd. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $5.02.

The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $2,853.44, a price-to-earnings ratio of -34.06, a PEG ratio of 26.89 and a beta of 1.57.

Groupon (NASDAQ:GRPN) last issued its earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share (EPS) for the quarter. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The business had revenue of $634.46 million during the quarter, compared to analysts’ expectations of $642.62 million. During the same period in the prior year, the firm posted ($0.01) EPS. Groupon’s quarterly revenue was down 7.6% compared to the same quarter last year. equities analysts predict that Groupon Inc will post -0.02 EPS for the current fiscal year.

In related news, insider James Sullivan sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $5.29, for a total transaction of $132,250.00. Following the completion of the sale, the insider now directly owns 350,919 shares of the company’s stock, valued at approximately $1,856,361.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $5.77, for a total value of $8,655,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,545,000 shares of company stock valued at $8,901,450. 23.40% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System acquired a new stake in Groupon during the 3rd quarter valued at $122,000. North Star Investment Management Corp. acquired a new stake in Groupon during the 4th quarter valued at $153,000. Ameritas Investment Partners Inc. acquired a new stake in Groupon during the 2nd quarter valued at $116,000. Prudential Financial Inc. increased its holdings in Groupon by 157.7% during the 2nd quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock valued at $122,000 after purchasing an additional 19,408 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in Groupon during the 2nd quarter valued at $122,000. 60.01% of the stock is owned by hedge funds and other institutional investors.

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About Groupon

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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