The stock of Groupon Inc (NASDAQ:GRPN) is a huge mover today! About 2.57 million shares traded hands. Groupon Inc (NASDAQ:GRPN) has declined 9.40% since April 22, 2016 and is downtrending. It has underperformed by 14.81% the S&P500.
The move comes after 8 months positive chart setup for the $2.38 billion company. It was reported on Nov, 25 by Barchart.com. We have $4.26 PT which if reached, will make NASDAQ:GRPN worth $71.40 million more.
Analysts await Groupon Inc (NASDAQ:GRPN) to report earnings on February, 9. They expect $-0.02 earnings per share, 0.00% or $0.00 from last year’s $-0.02 per share. After $-0.06 actual earnings per share reported by Groupon Inc for the previous quarter, Wall Street now forecasts -66.67% EPS growth.
Groupon Inc (NASDAQ:GRPN) Ratings Coverage
Out of 16 analysts covering Groupon Inc (NASDAQ:GRPN), 7 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 44% are positive. Groupon Inc has been the topic of 35 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Loop Capital initiated the stock with “Hold” rating in Wednesday, September 14 report. On Wednesday, November 4 the stock rating was downgraded by Wells Fargo to “Market Perform”. Deutsche Bank maintained Groupon Inc (NASDAQ:GRPN) rating on Monday, August 10. Deutsche Bank has “Buy” rating and $6.4 price target. The stock of Groupon Inc (NASDAQ:GRPN) has “Underperform” rating given on Monday, May 2 by RBC Capital Markets. The firm has “Outperform” rating given on Monday, October 17 by Wedbush. The firm has “Underperform” rating by Bank of America given on Wednesday, November 4. Wedbush initiated Groupon Inc (NASDAQ:GRPN) on Tuesday, February 23 with “Neutral” rating. Boenning & Scattergood initiated Groupon Inc (NASDAQ:GRPN) on Thursday, September 29 with “Neutral” rating. UBS maintained the shares of GRPN in a report on Wednesday, November 4 with “Neutral” rating. The stock of Groupon Inc (NASDAQ:GRPN) has “Neutral” rating given on Monday, August 10 by Credit Suisse.
According to Zacks Investment Research, “Groupon, Inc. operates a shopping website which offers goods and services at a discount in North America and internationally. It offers deals in health and beauty, retail, services, activities, events, and food and drink. Groupon, Inc. is headquartered in Chicago, Illinois.”
Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.11, from 1.02 in 2016Q1. The ratio dropped, as 28 funds sold all Groupon Inc shares owned while 59 reduced positions. 37 funds bought stakes while 52 increased positions. They now own 272.82 million shares or 2.89% less from 280.94 million shares in 2016Q1.
Princeton Alpha Mgmt Ltd Partnership last reported 0.04% of its portfolio in the stock. Citadel Advsr Limited Liability Corp holds 0% of its portfolio in Groupon Inc (NASDAQ:GRPN) for 769,458 shares. Balyasny Asset Mgmt Limited Company, a Illinois-based fund reported 229,247 shares. Vanguard Group Incorporated accumulated 0.01% or 28.27M shares. Northern Tru Corp has invested 0% of its portfolio in Groupon Inc (NASDAQ:GRPN). Geode Management accumulated 2.80 million shares or 0% of the stock. Exane Derivatives holds 0% or 1,052 shares in its portfolio. Lesa Sroufe & holds 1.73% or 607,940 shares in its portfolio. Guggenheim Cap Limited Liability Corporation accumulated 0% or 65,246 shares. Gru One Trading Lp last reported 240,655 shares in the company. Teachers Advsr last reported 0.02% of its portfolio in the stock. Sei Invs has 0% invested in the company for 282 shares. Lombard Odier Asset Mgmt (Europe) Ltd owns 13,339 shares or 0% of their US portfolio. Sg Americas Ltd Co has 0% invested in the company for 150,433 shares. Engineers Gate Manager Limited Partnership reported 23,890 shares or 0.01% of all its holdings.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 8 sales for $6.86 million net activity. Sullivan James sold $116,200 worth of stock or 20,000 shares. $4.15 million worth of Groupon Inc (NASDAQ:GRPN) shares were sold by BARRIS PETER J. Shares for $164,851 were sold by Drobny Dane A. $83,100 worth of Groupon Inc (NASDAQ:GRPN) shares were sold by Stevens Brian.
More news for Groupon Inc (NASDAQ:GRPN) were recently published by: Profitconfidential.com, which released: “Groupon Inc: This Is What Everyone Is Missing on GRPN Stock” on November 15, 2016. Fool.com‘s article titled: “Why Groupon Inc. Stock Tumbled Today” and published on October 27, 2016 is yet another important article.
GRPN Company Profile
Groupon, Inc., incorporated on January 15, 2008, operates online local commerce marketplaces throughout the world that connect merchants to clients by offering goods and services at a discount. The Firm operates through three divisions: North America, which represents the United States and Canada; EMEA, which consists of Europe, the Middle East and Africa, and international activities (Rest of World). The Firm offer deals on goods and services in approximately three categories: Local Deals (Local), Groupon Goods (Goods) and Groupon Getaways (Travel). Collectively, Local and Travel consists of its services offerings and Goods, which the Company refers as Shopping, that reflect its product offerings. In its Goods category, the Company acts as the merchant of record, particularly for deals in North America and in EMEA. It offers deals on products for which it acts as the merchant of record. Customers can access the Company’s deal offerings directly through its Websites (groupon.com), mobile applications and search engines. It acts as a marketing agent by selling vouchers (Groupons) that can be redeemed for products or services with third party merchants. It also sells merchandise inventory directly to customers.
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