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. The company was formerly known as ThePoint.com, Inc. and changed its name to Groupon, Inc. in October 2008. Groupon, Inc. was incorporated in 2008 and is headquartered in Chicago, Illinois.
Groupon Stock Performance
Shares of NASDAQ:GRPN traded down $0.88 during trading hours on Tuesday, hitting $12.99. 90,126 shares of the stock were exchanged, compared to its average volume of 815,713. Groupon has a one year low of $8.78 and a one year high of $31.15. The company's 50 day moving average is $12.74 and its 200 day moving average is $17.32. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $389.18 million, a P/E ratio of 6.67 and a beta of 2.06.
Groupon (NASDAQ:GRPN - Get Rating) last released its quarterly earnings results on Monday, August 8th. The coupon company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.10). The firm had revenue of $153.20 million for the quarter, compared to the consensus estimate of $156.82 million. Groupon had a net margin of 8.09% and a negative return on equity of 13.88%. The firm's revenue was down 42.4% on a year-over-year basis. During the same quarter last year, the company earned $0.08 earnings per share. On average, research analysts expect that Groupon will post -1.25 EPS for the current year.
Analysts Set New Price Targets
A number of analysts recently issued reports on GRPN shares. Wedbush reduced their price objective on Groupon from $22.00 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, May 10th. TheStreet cut Groupon from a "c-" rating to a "d+" rating in a research note on Tuesday, June 14th. The Goldman Sachs Group cut their price objective on shares of Groupon from $12.10 to $11.00 and set a "sell" rating on the stock in a research report on Friday, July 15th. Ascendiant Capital Markets decreased their target price on shares of Groupon to $20.00 in a research report on Friday, June 3rd. Finally, Barclays cut their price target on shares of Groupon from $20.00 to $12.00 and set an "underweight" rating on the stock in a report on Tuesday, May 10th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $18.17.
Insider Buying and Selling at Groupon
In other Groupon news, major shareholder Jan Barta purchased 11,846 shares of the business's stock in a transaction dated Wednesday, May 25th. The stock was bought at an average cost of $12.52 per share, for a total transaction of $148,311.92. Following the completion of the acquisition, the insider now directly owns 2,271,846 shares in the company, valued at $28,443,511.92. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired 301,534 shares of company stock valued at $3,876,290 in the last 90 days. 15.90% of the stock is currently owned by insiders.