Groupon (GRPN) Rating Increased to Buy at BidaskClub

Groupon (NASDAQ:GRPN) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday.

A number of other research firms have also recently commented on GRPN. Goldman Sachs reissued a “neutral” rating and issued a $4.80 target price on shares of Groupon in a research note on Thursday, February 15th. Morgan Stanley raised Groupon from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $4.27 to $4.00 in a research note on Monday, March 5th. JPMorgan Chase reduced their price objective on Groupon from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, February 15th. Finally, Zacks Investment Research cut Groupon from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Groupon presently has an average rating of “Hold” and an average price target of $5.06.

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GRPN opened at $4.76 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75. Groupon has a 52 week low of $2.90 and a 52 week high of $5.99.

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

In related news, CAO Brian Stevens sold 15,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $4.61, for a total value of $69,150.00. Following the sale, the chief accounting officer now directly owns 232,751 shares of the company’s stock, valued at $1,072,982.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $4.60, for a total value of $6,900,000.00. The disclosure for this sale can be found here. 23.40% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of GRPN. New York State Common Retirement Fund grew its stake in shares of Groupon by 5.3% in the third quarter. New York State Common Retirement Fund now owns 351,800 shares of the coupon company’s stock worth $1,829,000 after purchasing an additional 17,800 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Groupon by 1.4% in the third quarter. Bank of New York Mellon Corp now owns 1,470,358 shares of the coupon company’s stock worth $7,646,000 after purchasing an additional 20,651 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Groupon by 18.7% in the third quarter. Legal & General Group Plc now owns 173,644 shares of the coupon company’s stock worth $897,000 after purchasing an additional 27,382 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Groupon by 60.2% in the third quarter. JPMorgan Chase & Co. now owns 939,505 shares of the coupon company’s stock worth $4,698,000 after purchasing an additional 353,103 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Groupon by 141.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,728,739 shares of the coupon company’s stock worth $8,988,000 after purchasing an additional 1,013,596 shares during the last quarter. 63.58% of the stock is currently owned by institutional investors.

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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, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

Analyst Recommendations for Groupon (NASDAQ:GRPN)

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