Groupon (GRPN) Downgraded to “Strong Sell” at BidaskClub

Groupon (NASDAQ:GRPN) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday.

Several other equities analysts have also weighed in on GRPN. Morgan Stanley lifted their price objective on Groupon from $4.60 to $4.80 and gave the company an “equal weight” rating in a research note on Wednesday, July 11th. Barclays reaffirmed a “sell” rating and issued a $4.50 price objective on shares of Groupon in a research note on Sunday, August 5th. Zacks Investment Research lowered Groupon from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Wedbush reaffirmed a “neutral” rating and issued a $4.00 price objective on shares of Groupon in a research note on Thursday, September 13th. Finally, TheStreet lowered Groupon from a “c-” rating to a “d+” rating in a research note on Wednesday, September 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Groupon has a consensus rating of “Hold” and an average price target of $5.20.

Shares of NASDAQ:GRPN opened at $2.96 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.72. Groupon has a 12-month low of $2.89 and a 12-month high of $5.99. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 58.30, a price-to-earnings-growth ratio of 12.40 and a beta of 1.75.

Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Wednesday, November 7th. The coupon company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business had revenue of $592.90 million for the quarter, compared to analyst estimates of $602.08 million. Groupon had a positive return on equity of 11.54% and a negative net margin of 0.35%. Groupon’s quarterly revenue was down 6.6% compared to the same quarter last year. Sell-side analysts expect that Groupon will post 0.08 earnings per share for the current year.

In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $3.82, for a total value of $5,730,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 16.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its position in Groupon by 115.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,063 shares of the coupon company’s stock worth $138,000 after acquiring an additional 17,167 shares in the last quarter. Commonwealth Bank of Australia acquired a new position in Groupon during the 3rd quarter worth approximately $190,000. Campbell & CO Investment Adviser LLC acquired a new position in Groupon during the 2nd quarter worth approximately $209,000. Balter Liquid Alternatives LLC acquired a new position in Groupon during the 2nd quarter worth approximately $248,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Groupon during the 2nd quarter worth approximately $268,000. 66.15% of the stock is currently owned by hedge funds and other institutional investors.

About Groupon

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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Analyst Recommendations for Groupon (NASDAQ:GRPN)

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