Groupon (GRPN) to Release Quarterly Earnings on Tuesday

Groupon (NASDAQ:GRPN) is set to release its earnings data after the market closes on Tuesday, November 12th. Analysts expect Groupon to post earnings of $0.06 per share for the quarter.

Groupon Price Performance

NASDAQ:GRPN traded down $0.01 during trading hours on Tuesday, hitting $10.66. 346,005 shares of the company’s stock traded hands, compared to its average volume of 1,235,215. The firm has a market cap of $423.63 million, a P/E ratio of -9.46 and a beta of 1.77. Groupon has a 52 week low of $8.08 and a 52 week high of $19.56. The business’s fifty day simple moving average is $10.97 and its two-hundred day simple moving average is $13.12. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 5.62.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GRPN. Roth Mkm reissued a “buy” rating and set a $26.00 price objective on shares of Groupon in a research note on Wednesday, October 16th. Northland Securities reiterated an “outperform” rating and issued a $20.00 price objective on shares of Groupon in a report on Tuesday, October 8th. Finally, Northland Capmk upgraded Groupon to a “strong-buy” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.83.

Insider Activity at Groupon

In other Groupon news, Director Jason Harinstein purchased 15,000 shares of Groupon stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $10.61 per share, for a total transaction of $159,150.00. Following the acquisition, the director now directly owns 55,658 shares in the company, valued at approximately $590,531.38. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 31.91% of the stock is owned by company insiders.

Groupon Company Profile

Groupon, Inc, together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants. It serves customers through its mobile applications and websites.