News headlines about Groupon (NASDAQ:GRPN) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Groupon earned a news impact score of 0.19 on Accern’s scale. Accern also gave media headlines about the coupon company an impact score of 47.6094478275327 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Groupon: Still Not Exciting Enough (seekingalpha.com)
- Brokerages Anticipate Groupon (GRPN) Will Announce Earnings of $0.04 Per Share (americanbankingnews.com)
- Groupon buys Bristol business for $65million (bristolpost.co.uk)
- Groupon: $12 for Malta Drive-In (two tickets, one popcorn) (blog.timesunion.com)
- Studio Production Manager (builtinchicago.org)
GRPN has been the subject of a number of research reports. Goldman Sachs raised shares of Groupon from a “sell” rating to a “neutral” rating and set a $5.40 target price for the company in a report on Wednesday, January 17th. Zacks Investment Research cut shares of Groupon from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Morgan Stanley reaffirmed a “sell” rating and set a $4.30 target price on shares of Groupon in a report on Thursday, February 15th. JPMorgan Chase reduced their target price on shares of Groupon from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, February 15th. Finally, BidaskClub cut shares of Groupon from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $5.30.
Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, May 9th. The coupon company reported $0.03 earnings per share for the quarter. The company had revenue of $626.54 million during the quarter, compared to analysts’ expectations of $604.16 million. Groupon had a net margin of 1.13% and a return on equity of 6.53%. Groupon’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period last year, the company posted $0.01 earnings per share. research analysts predict that Groupon will post 0.08 earnings per share for the current fiscal year.
Groupon declared that its board has authorized a stock buyback plan on Wednesday, May 9th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the coupon company to purchase up to 11% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $4.60, for a total transaction of $6,900,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brian Stevens sold 15,000 shares of the stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $4.61, for a total transaction of $69,150.00. Following the transaction, the chief accounting officer now owns 232,751 shares of the company’s stock, valued at approximately $1,072,982.11. The disclosure for this sale can be found here. Company insiders own 23.40% of the company’s stock.
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.
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