Groupon (NASDAQ:GRPN) Issues Earnings Results

Groupon (NASDAQ:GRPN) posted its quarterly earnings data on Thursday. The coupon company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02, FiscalAI reports. The firm had revenue of $124.67 million during the quarter, compared to analysts’ expectations of $127.09 million.

Groupon Stock Down 0.5%

Shares of GRPN traded down $0.12 during midday trading on Friday, hitting $25.03. The company had a trading volume of 2,576,241 shares, compared to its average volume of 1,509,221. The company’s 50 day moving average price is $22.91 and its 200 day moving average price is $17.10. The stock has a market cap of $950.64 million, a price-to-earnings ratio of -8.05 and a beta of 0.23. Groupon has a 52 week low of $9.17 and a 52 week high of $37.06.

Hedge Funds Weigh In On Groupon

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in Groupon by 18.7% in the fourth quarter. Royal Bank of Canada now owns 6,887 shares of the coupon company’s stock worth $122,000 after purchasing an additional 1,085 shares during the period. Bridgefront Capital LLC acquired a new stake in shares of Groupon during the fourth quarter worth $184,000. Optimist Retirement Group LLC acquired a new stake in shares of Groupon during the third quarter worth $265,000. State of Wyoming acquired a new position in shares of Groupon in the 2nd quarter valued at about $132,000. Finally, CANADA LIFE ASSURANCE Co bought a new stake in shares of Groupon during the 2nd quarter valued at about $110,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on GRPN shares. Citigroup reiterated an “outperform” rating on shares of Groupon in a research note on Tuesday, June 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Groupon in a research note on Tuesday, June 9th. Wall Street Zen downgraded Groupon from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. The Goldman Sachs Group restated a “sell” rating and set a $13.00 price objective (up from $10.00) on shares of Groupon in a report on Tuesday, May 12th. Finally, Northland Securities set a $26.00 target price on Groupon in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.50.

Groupon Company Profile

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.