Groupon (NASDAQ:GRPN – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
Separately, Credit Suisse Group decreased their target price on shares of Groupon from $12.00 to $3.40 in a report on Friday, May 12th.
Groupon Stock Performance
NASDAQ:GRPN opened at $6.92 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 25.39. Groupon has a twelve month low of $2.89 and a twelve month high of $14.85. The firm’s fifty day simple moving average is $5.35 and its 200 day simple moving average is $5.78. The stock has a market cap of $213.07 million, a P/E ratio of -0.90 and a beta of 1.75.
Groupon (NASDAQ:GRPN – Get Free Report) last released its earnings results on Wednesday, May 10th. The coupon company reported ($0.70) EPS for the quarter, topping analysts’ consensus estimates of ($1.29) by $0.59. The firm had revenue of $121.61 million for the quarter, compared to analysts’ expectations of $133.84 million. Groupon had a negative return on equity of 161.07% and a negative net margin of 40.87%. As a group, research analysts predict that Groupon will post -2.36 EPS for the current year.
Hedge Funds Weigh In On Groupon
Hedge funds have recently bought and sold shares of the business. Swiss National Bank grew its stake in shares of Groupon by 7.6% in the first quarter. Swiss National Bank now owns 59,478 shares of the coupon company’s stock worth $1,144,000 after acquiring an additional 4,200 shares during the period. Raymond James & Associates bought a new stake in shares of Groupon in the first quarter worth $273,000. Bank of Montreal Can purchased a new stake in shares of Groupon during the 1st quarter valued at about $414,000. MetLife Investment Management LLC increased its holdings in Groupon by 45.7% during the first quarter. MetLife Investment Management LLC now owns 14,560 shares of the coupon company’s stock valued at $280,000 after buying an additional 4,568 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Groupon during the 1st quarter valued at $6,673,000. Hedge funds and other institutional investors own 80.35% of the company’s stock.
About Groupon
Groupon, Inc, together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants; and first-party goods inventory. It serves customers through its mobile applications and websites.