BidaskClub Upgrades Groupon (GRPN) to “Buy”

Groupon (NASDAQ:GRPN) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

GRPN has been the topic of several other research reports. Zacks Investment Research raised shares of Groupon from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Barclays reissued a “sell” rating and issued a $4.75 target price on shares of Groupon in a report on Friday, May 11th. ValuEngine raised shares of Groupon from a “sell” rating to a “hold” rating in a report on Friday, May 11th. UBS Group raised shares of Groupon from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $2.90 to $5.99 in a report on Thursday, May 10th. Finally, Morgan Stanley raised shares of Groupon from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $4.27 to $4.40 in a report on Monday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Groupon currently has an average rating of “Hold” and a consensus price target of $5.32.

Groupon opened at $4.72 on Tuesday, MarketBeat reports. Groupon has a one year low of $3.08 and a one year high of $5.99. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $2.68 billion, a PE ratio of -157.33, a P/E/G ratio of 8.47 and a beta of 1.34.



Groupon (NASDAQ:GRPN) last released its earnings results on Wednesday, May 9th. The coupon company reported $0.03 EPS for the quarter. Groupon had a net margin of 1.13% and a return on equity of 6.53%. The firm had revenue of $626.54 million for the quarter, compared to the consensus estimate of $604.16 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. equities research analysts predict that Groupon will post 0.09 EPS for the current year.

Groupon announced that its board has initiated a share buyback plan on Wednesday, May 9th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the coupon company to reacquire up to 11% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other news, CAO Brian Stevens sold 15,000 shares of the stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $4.62, for a total value of $69,300.00. Following the sale, the chief accounting officer now owns 220,484 shares of the company’s stock, valued at $1,018,636.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $4.60, for a total transaction of $6,900,000.00. The disclosure for this sale can be found here. 16.90% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in GRPN. Schwab Charles Investment Management Inc. raised its stake in shares of Groupon by 11.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,164,262 shares of the coupon company’s stock valued at $11,038,000 after acquiring an additional 216,603 shares during the period. SG Americas Securities LLC raised its stake in shares of Groupon by 61.4% in the fourth quarter. SG Americas Securities LLC now owns 52,136 shares of the coupon company’s stock valued at $266,000 after acquiring an additional 19,838 shares during the period. US Bancorp DE purchased a new stake in shares of Groupon in the fourth quarter valued at $133,000. Teacher Retirement System of Texas raised its stake in shares of Groupon by 313.9% in the fourth quarter. Teacher Retirement System of Texas now owns 143,611 shares of the coupon company’s stock valued at $732,000 after acquiring an additional 108,915 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Groupon by 228.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,530,843 shares of the coupon company’s stock valued at $7,807,000 after acquiring an additional 1,064,319 shares during the period. 66.19% of the stock is currently owned by institutional investors and hedge funds.

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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