Media coverage about Groupon (NASDAQ:GRPN) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. 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 0.15 on Accern’s scale. Accern also gave news headlines about the coupon company an impact score of 44.9795141160636 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Groupon (GRPN) Rating Lowered to Hold at BidaskClub (americanbankingnews.com)
- $860.58 Million in Sales Expected for Groupon Inc (GRPN) This Quarter (americanbankingnews.com)
- Groupon, Inc. (GRPN) Overcome Concerns on Long-Term Commitments – Stock News Stop (stockmarketstop.com)
- Is Groupon’s Profit-before-Revenue Strategy Working? (finance.yahoo.com)
- Highlighting Groupon’s Top Line (finance.yahoo.com)
Several research analysts have issued reports on GRPN shares. Vetr lowered Groupon from a “strong-buy” rating to a “buy” rating and set a $5.83 price target on the stock. in a report on Wednesday, October 4th. DA Davidson started coverage on Groupon in a report on Friday, September 22nd. They issued a “buy” rating and a $5.00 price target on the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $5.50 price target on shares of Groupon in a report on Thursday, September 21st. B. Riley increased their price target on Groupon from $5.50 to $6.30 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Gabelli started coverage on Groupon in a report on Tuesday, October 17th. They issued a “buy” rating and a $7.00 price target on the stock. Six analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Groupon currently has an average rating of “Hold” and a consensus price target of $5.02.
Shares of Groupon (GRPN) traded down $0.03 during trading on Friday, reaching $5.28. The company had a trading volume of 10,106,815 shares, compared to its average volume of 7,869,653. Groupon has a 1-year low of $2.90 and a 1-year high of $5.99. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.86 and a current ratio of 0.86.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, November 1st. The coupon company reported $0.01 EPS for the quarter. The business had revenue of $634.46 million for the quarter, compared to analyst estimates of $642.62 million. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. Groupon’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period last year, the company posted ($0.01) earnings per share. research analysts anticipate that Groupon will post -0.02 EPS for the current year.
In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $5.77, for a total value of $8,655,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brian Stevens sold 20,000 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $5.71, for a total value of $114,200.00. Following the completion of the sale, the chief accounting officer now directly owns 222,354 shares of the company’s stock, valued at $1,269,641.34. The disclosure for this sale can be found here. Insiders have sold 1,570,000 shares of company stock worth $9,023,950 over the last quarter. 23.40% of the stock is currently owned by corporate insiders.
Groupon Company Profile
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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