Morgan Stanley Reaffirms Sell Rating for Groupon (GRPN)

Groupon (NASDAQ:GRPN)‘s stock had its “sell” rating reaffirmed by equities researchers at Morgan Stanley in a research note issued on Thursday. They presently have a $4.30 target price on the coupon company’s stock. Morgan Stanley’s price objective would indicate a potential downside of 4.66% from the stock’s current price.

Several other analysts have also issued reports on GRPN. Zacks Investment Research lowered Groupon from a “hold” rating to a “sell” rating in a report on Monday. Vetr lowered Groupon from a “buy” rating to a “hold” rating and set a $5.74 target price on the stock. in a report on Tuesday, November 21st. Barclays increased their target price on Groupon from $3.85 to $4.40 and gave the stock an “underweight” rating in a report on Thursday, November 2nd. DA Davidson reissued a “buy” rating on shares of Groupon in a report on Thursday, November 30th. Finally, BidaskClub lowered Groupon from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Six analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Groupon has an average rating of “Hold” and a consensus target price of $5.06.

Groupon (NASDAQ:GRPN) traded down $0.06 on Thursday, hitting $4.51. The stock had a trading volume of 12,234,028 shares, compared to its average volume of 11,050,000. The firm has a market cap of $2,520.00, a price-to-earnings ratio of 225.50, a P/E/G ratio of 24.79 and a beta of 1.47. Groupon has a 12 month low of $2.90 and a 12 month high of $5.99. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 0.75.

Groupon (NASDAQ:GRPN) last released its earnings results on Wednesday, February 14th. The coupon company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $873.17 million for the quarter, compared to analyst estimates of $853.13 million. Groupon had a return on equity of 0.22% and a net margin of 0.49%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $0.07 earnings per share. equities analysts anticipate that Groupon will post 0.03 EPS for the current year.

In related news, CAO Brian Stevens sold 20,000 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $5.71, for a total transaction of $114,200.00. Following the completion of the sale, the chief accounting officer now directly owns 222,354 shares in the company, valued at approximately $1,269,641.34. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction dated 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. 23.40% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Paloma Partners Management Co bought a new position in Groupon in the fourth quarter valued at about $110,000. New York State Teachers Retirement System bought a new position in Groupon in the third quarter valued at about $122,000. US Bancorp DE bought a new position in Groupon in the fourth quarter valued at about $133,000. North Star Investment Management Corp. bought a new position in Groupon in the fourth quarter valued at about $153,000. Finally, Ameritas Investment Partners Inc. bought a new position in Groupon in the second quarter valued at about $116,000. Hedge funds and other institutional investors own 59.81% of the company’s stock.

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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).

Analyst Recommendations for Groupon (NASDAQ:GRPN)

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