The Producers Life Insurance coverage Firm lowered its place in shares of Groupon, Inc. (NASDAQ:GRPN – Get Ranking) by 9.7% within the third quarter, based on the corporate in its most up-to-date Type 13F submitting with the Securities & Trade Fee. The fund owned 882,265 shares of the coupon firm’s inventory after promoting 94,647 shares throughout the interval. The Producers Life Insurance coverage Firm owned about 2.91% of Groupon price $7,023,000 on the finish of the latest reporting interval.
A number of different hedge funds have additionally not too long ago added to or lowered their stakes within the firm. Allspring International Investments Holdings LLC elevated its holdings in shares of Groupon by 723.9% within the third quarter. Allspring International Investments Holdings LLC now owns 12,482 shares of the coupon firm’s inventory price $99,000 after shopping for a further 10,967 shares throughout the interval. Janney Montgomery Scott LLC elevated its holdings in shares of Groupon by 15.4% within the third quarter. Janney Montgomery Scott LLC now owns 17,200 shares of the coupon firm’s inventory price $137,000 after shopping for a further 2,300 shares throughout the interval. Federated Hermes Inc. elevated its holdings in shares of Groupon by 75.5% within the second quarter. Federated Hermes Inc. now owns 952,415 shares of the coupon firm’s inventory price $10,763,000 after shopping for a further 409,863 shares throughout the interval. Caption Administration LLC bought a brand new place in shares of Groupon within the second quarter price about $314,000. Lastly, State Road Corp elevated its holdings in shares of Groupon by 13.3% within the second quarter. State Road Corp now owns 785,314 shares of the coupon firm’s inventory price $8,874,000 after shopping for a further 92,374 shares throughout the interval. Institutional traders personal 57.11% of the corporate’s inventory.
Groupon Inventory Up 3.7 %
GRPN inventory opened at $9.24 on Friday. Groupon, Inc. has a fifty-two week low of $6.22 and a fifty-two week excessive of $31.15. The enterprise’s 50 day transferring common worth is $7.94 and its two-hundred day transferring common worth is $9.13. The corporate has a debt-to-equity ratio of two.31, a fast ratio of 0.77 and a present ratio of 0.77. The corporate has a market capitalization of $281.27 million, a price-to-earnings ratio of -1.79 and a beta of 1.87.
Groupon (NASDAQ:GRPN – Get Ranking) final posted its earnings outcomes on Monday, November seventh. The coupon firm reported ($0.89) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.21) by $0.32. Groupon had a unfavorable return on fairness of 48.33% and a unfavorable internet margin of twenty-two.68%. The agency had income of $144.39 million for the quarter, in comparison with the consensus estimate of $174.60 million. As a gaggle, analysts forecast that Groupon, Inc. will put up -3.29 earnings per share for the present fiscal yr.
Insiders Place Their Bets
In different information, Director Jan Barta purchased 6,716,966 shares of Groupon inventory in a transaction on Tuesday, December twentieth. The shares have been bought at a mean worth of $7.28 per share, for a complete transaction of $48,899,512.48. Following the acquisition, the director now owns 6,716,966 shares of the corporate’s inventory, valued at $48,899,512.48. The acquisition was disclosed in a doc filed with the SEC, which is accessible by way of this hyperlink. Firm insiders personal 15.90% of the corporate’s inventory.
Analyst Scores Modifications
A number of analysis analysts have not too long ago commented on GRPN shares. Credit score Suisse Group decreased their worth goal on Groupon from $18.00 to $15.00 and set a “impartial” ranking on the inventory in a report on Tuesday, November eighth. The Goldman Sachs Group lowered their worth goal on Groupon from $10.00 to $6.50 and set a “promote” ranking on the inventory in a report on Tuesday, November eighth. StockNews.com assumed protection on Groupon in a report on Wednesday, October twelfth. They set a “promote” ranking on the inventory. Lastly, Barclays lowered their worth goal on Groupon from $10.00 to $6.00 and set an “underweight” ranking on the inventory in a report on Tuesday, November eighth. Three analysis analysts have rated the inventory with a promote ranking, two have assigned a maintain ranking and one has given a purchase ranking to the inventory. In accordance with MarketBeat, Groupon at present has a consensus ranking of “Maintain” and a consensus goal worth of $12.10.
Groupon Firm Profile
Groupon, Inc, along with its subsidiaries, operates a market that connects shoppers to retailers. It operates in two segments, North America and Worldwide. The corporate sells items or companies on behalf of third-party retailers; and first-party items stock. It serves clients by way of its cell purposes and web sites.
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