Groupon Inc (NASDAQ:GRPN) – DA Davidson decreased their Q1 2019 earnings per share estimates for Groupon in a report released on Thursday, February 14th. DA Davidson analyst T. Forte now forecasts that the coupon company will post earnings of ($0.05) per share for the quarter, down from their prior forecast of ($0.01). DA Davidson also issued estimates for Groupon’s Q2 2019 earnings at ($0.02) EPS, Q3 2019 earnings at $0.02 EPS, Q4 2019 earnings at $0.10 EPS, FY2020 earnings at $0.07 EPS, FY2021 earnings at $0.13 EPS, FY2022 earnings at $0.16 EPS and FY2023 earnings at $0.18 EPS.
Get Groupon alerts:Groupon (NASDAQ:GRPN) last released its earnings results on Tuesday, February 12th. The coupon company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). Groupon had a negative net margin of 0.42% and a positive return on equity of 17.33%. The business had revenue of $799.93 million for the quarter, compared to the consensus estimate of $782.54 million. During the same quarter in the previous year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis.
Several other analysts have also weighed in on GRPN. Zacks Investment Research lowered shares of Groupon from a “hold” rating to a “sell” rating in a research note on Monday. Goldman Sachs Group began coverage on shares of Groupon in a research note on Monday, February 4th. They set a “neutral” rating and a $3.50 target price for the company. BidaskClub upgraded shares of Groupon from a “strong sell” rating to a “sell” rating in a research note on Friday, November 23rd. B. Riley lowered their target price on shares of Groupon from $6.30 to $5.60 and set a “buy” rating for the company in a research note on Thursday, November 8th. Finally, ValuEngine upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $4.56.
GRPN stock opened at $3.49 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.98. Groupon has a 1-year low of $2.80 and a 1-year high of $5.52. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 38.78, a price-to-earnings-growth ratio of 8.12 and a beta of 1.37.
In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of the business’s stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $3.04, for a total transaction of $4,560,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.90% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. boosted its holdings in shares of Groupon by 20.7% during the fourth quarter. Alps Advisors Inc. now owns 25,991 shares of the coupon company’s stock valued at $83,000 after acquiring an additional 4,464 shares during the period. Bank of Montreal Can boosted its holdings in shares of Groupon by 130.6% during the fourth quarter. Bank of Montreal Can now owns 9,326 shares of the coupon company’s stock valued at $30,000 after acquiring an additional 5,281 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Groupon by 34.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 25,035 shares of the coupon company’s stock valued at $80,000 after acquiring an additional 6,407 shares during the period. Quinn Opportunity Partners LLC acquired a new position in shares of Groupon during the fourth quarter valued at $41,000. Finally, Legal & General Group Plc boosted its holdings in shares of Groupon by 8.1% during the fourth quarter. Legal & General Group Plc now owns 179,201 shares of the coupon company’s stock valued at $573,000 after acquiring an additional 13,351 shares during the period. 66.96% of the stock is owned by institutional investors.
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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