In today’s recent session, 0.64 million shares of the Groupon Inc (NASDAQ:GRPN) have been traded, and its beta is 1.78. Most recently the company’s share price was $9.78, and it changed around $0.06 or 0.67% from the last close, which brings the market valuation of the company to $388.66M. GRPN at last check was trading at a discount to its 52-week high of $19.56, offering almost -100.0% off that amount. The share price’s 52-week low was $8.08, which indicates that the recent value has risen by an impressive 17.38% since then. We note from Groupon Inc’s average daily trading volume that its 10-day average is 1.49 million shares, with the 3-month average coming to 1.33 million.
Groupon Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.33. If we narrow it down even further, the data shows that 5 out of 18 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 8 recommended GRPN as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Groupon Inc is expected to report earnings per share of -0.08 for the current quarter.
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Groupon Inc (NASDAQ:GRPN) trade information
Instantly GRPN has been showing a green trend so far today with a performance of 0.67% on intraday trading today. The rise to weekly highs of 10.07 on recent trading dayincreased the stock’s daily price by 2.88%. On the other hand, Groupon Inc (NASDAQ:GRPN) is -10.60% down in the 30-day period. We can see from the shorts that 7.15 million shares have been sold at a short interest cover period of 6.94 day(s).
The consensus price target as assigned by Wall Street analysts is $29.5, which translates to bulls needing to increase their stock price by 66.85% from its current value. Analyst projections state that GRPN is forecast to be at a low of $12 and a high of $30.
Groupon Inc (GRPN) estimates and forecasts
Groupon Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -12.21 percent over the past six months and at a 190.38% annual growth rate that is well above the industry average of 14.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 33.30% in revenue this quarter, and will report a decrease of -63.30% in the next quarter. The year-over-year growth rate is expected to be -0.90%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 120.7M in revenue for the current quarter. 3 analysts expect Groupon Inc to make 141.93M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 129.64M and 137.72M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -6.90%. Forecasts for the next quarter put sales growth at 3.10%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -35.30%. Groupon Inc earnings are expected to increase by 204.81% in 2024, but the outlook is positive 8.48% per year for the next five years.
GRPN Dividends
Groupon Inc’s next quarterly earnings report is expected to be released on 2024-Nov-07.
Groupon Inc (NASDAQ:GRPN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.74% of Groupon Inc shares, and 75.40% of them are in the hands of institutional investors. The stock currently has a share float of 87.40%. Groupon Inc stock is held by 156.0 institutions, with PALE FIRE CAPITAL SE being the largest institutional investor. By 2024-06-30, it held 26.9984% of the shares, which is about 10.18 million shares worth $155.77 million.
DIVISADERO STREET CAPITAL MANAGEMENT, LP, with 9.111% or 3.44 million shares worth $52.57 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Hennessy Cornerstone Growth Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 774.73 shares worth $7.55 million, making up 1.95% of all outstanding shares. On the other hand, Hennessy Cornerstone Growth Fund held roughly 754.8 shares worth around $7.35 million, which represents about 1.90% of the total shares outstanding.
