Groupon (GRPN) Reaches New 1-Year Low at $2.89

Shares of Groupon Inc (NASDAQ:GRPN) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.89 and last traded at $2.91, with a volume of 792782 shares. The stock had previously closed at $3.26.

Several brokerages recently issued reports on GRPN. Zacks Investment Research downgraded Groupon from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Barclays reissued a “sell” rating and issued a $4.50 price target on shares of Groupon in a report on Sunday, August 5th. BidaskClub downgraded Groupon from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. TheStreet downgraded Groupon from a “c-” rating to a “d+” rating in a research note on Wednesday, September 26th. Finally, Morgan Stanley lifted their target price on Groupon from $4.60 to $4.80 and gave the company an “equal weight” rating in a research note on Wednesday, July 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Groupon presently has an average rating of “Hold” and an average price target of $5.15.

The company has a debt-to-equity ratio of 0.72, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $1.91 billion, a price-to-earnings ratio of -97.17, a price-to-earnings-growth ratio of 14.30 and a beta of 1.75.

In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $3.82, for a total transaction of $5,730,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 16.90% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. CWM LLC raised its stake in Groupon by 2.3% during the 2nd quarter. CWM LLC now owns 660,215 shares of the coupon company’s stock valued at $2,839,000 after acquiring an additional 14,592 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Groupon by 115.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,063 shares of the coupon company’s stock worth $138,000 after buying an additional 17,167 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Groupon by 13.9% in the 2nd quarter. Voya Investment Management LLC now owns 170,112 shares of the coupon company’s stock worth $731,000 after buying an additional 20,813 shares in the last quarter. Amalgamated Bank raised its stake in shares of Groupon by 48.7% in the 2nd quarter. Amalgamated Bank now owns 67,533 shares of the coupon company’s stock worth $290,000 after buying an additional 22,127 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in shares of Groupon by 67.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 63,242 shares of the coupon company’s stock worth $274,000 after buying an additional 25,500 shares in the last quarter. 66.15% of the stock is currently owned by hedge funds and other institutional investors.

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Groupon Company Profile (NASDAQ:GRPN)

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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