Groupon (GRPN) Given Daily Coverage Optimism Rating of 0.14
Media headlines about Groupon (NASDAQ:GRPN) have been trending somewhat positive on Saturday, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Groupon earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news coverage about the coupon company an impact score of 46.098916782511 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Deal of the Day: Will Groupon Get Acquired? (finance.yahoo.com)
- Groupon, Inc. (GRPN)- Stocks with critical Performance Analyses – NASDAQ Times (nasdaqtimes.com)
- UPDATE: DA Davidson Starts Groupon, Inc. (GRPN) at Buy – StreetInsider.com (streetinsider.com)
- Groupon, Inc. (GRPN) Research Coverage Started at DA Davidson (americanbankingnews.com)
- Groupon, Inc. (GRPN) Given “Buy” Rating at Piper Jaffray Companies (americanbankingnews.com)
A number of analysts have issued reports on GRPN shares. DA Davidson started coverage on shares of Groupon in a research note on Friday. They issued a “buy” rating and a $5.00 target price for the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $5.50 target price on shares of Groupon in a research note on Thursday. Wedbush reiterated a “positive” rating and issued a $4.08 target price (down from $4.50) on shares of Groupon in a research note on Wednesday, August 23rd. Barclays PLC reiterated an “underweight” rating and issued a $3.85 target price (up from $3.40) on shares of Groupon in a research note on Wednesday, August 9th. Finally, B. Riley reiterated a “buy” rating and issued a $5.50 target price on shares of Groupon in a research note on Tuesday, August 8th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $4.59.
Shares of Groupon (NASDAQ GRPN) opened at 4.56 on Friday. The firm has a 50-day moving average of $4.18 and a 200 day moving average of $3.77. Groupon has a one year low of $2.90 and a one year high of $5.53. The company’s market cap is $2.54 billion.
Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.06. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The company had revenue of $662.60 million during the quarter, compared to the consensus estimate of $668.84 million. During the same quarter last year, the firm earned ($0.01) earnings per share. The company’s revenue was down 8.5% on a year-over-year basis. Equities research analysts anticipate that Groupon will post $0.12 EPS for the current year.
In related news, Director Eric P. Lefkofsky sold 750,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $4.40, for a total value of $3,300,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Peter J. Barris sold 562,719 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $3.96, for a total value of $2,228,367.24. Following the completion of the transaction, the director now owns 168,887 shares in the company, valued at approximately $668,792.52. The disclosure for this sale can be found here. Insiders have sold 2,847,719 shares of company stock valued at $12,252,767 in the last three months. Insiders own 23.40% of the company’s stock.
Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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