During the recent session, Groupon Inc (NASDAQ:GRPN)’s traded shares were 0.63 million, with the beta value of the company hitting 1.74. At the last check today, the stock’s price was $9.50, reflecting an intraday gain of 3.26% or $0.3. The 52-week high for the GRPN share is $19.56, that puts it down -105.89 from that peak though still a striking 18.42% gain since the share price plummeted to a 52-week low of $7.75. The company’s market capitalization is $377.79M, and the average intraday trading volume over the past 10 days was 2.57 million shares, and the average trade volume was 1.38 million shares over the past three months.
Groupon Inc (GRPN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.33. GRPN has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.21.
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Groupon Inc (NASDAQ:GRPN) trade information
Groupon Inc (GRPN) registered a 3.26% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.26% in intraday trading to $9.50, hitting a weekly high. The stock’s 5-day price performance is 17.00%, and it has moved by -6.22% in 30 days. Based on these gigs, the overall price performance for the year is -5.75%. The short interest in Groupon Inc (NASDAQ:GRPN) is 9.31 million shares and it means that shorts have 7.37 day(s) to cover.
The consensus price target of analysts on Wall Street is $29.5, which implies an increase of 67.8% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $30 respectively. As a result, GRPN is trading at a discount of -215.79% off the target high and -26.32% off the low.
Groupon Inc (GRPN) estimates and forecasts
Statistics show that Groupon Inc has outperformed its competitors in share price, compared to the industry in which it operates. Groupon Inc (GRPN) shares have gone down -42.21% during the last six months, with a year-to-date growth rate more than the industry average at 44.23% against 16.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -30.00% this quarter and then jump 216.67% in the quarter after that. In the rating firms’ projections, revenue will decrease -4.85% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 127.74M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 115.96M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 137.72M and 123.08M respectively. In this case, analysts expect current quarter sales to shrink by -7.24% and then drop by -5.79% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -35.30%. While earnings are projected to return 47.44% in 2024, the next five years will return 8.48% per annum.
GRPN Dividends
Groupon Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Groupon Inc (NASDAQ:GRPN)’s Major holders
Groupon Inc insiders own 13.73% of total outstanding shares while institutional holders control 75.04%, with the float percentage being 86.98%. PALE FIRE CAPITAL SE is the largest shareholder of the company, while 171.0 institutions own stock in it. As of 2024-06-30, the company held over 10.18 million shares (or 26.9984% of all shares), a total value of $155.77 million in shares.
The next largest institutional holding, with 3.44 million shares, is of DIVISADERO STREET CAPITAL MANAGEMENT, LP’s that is approximately 9.111% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $52.57 million.
Also, the Mutual Funds coming in first place with the largest holdings of Groupon Inc (GRPN) shares are Hennessy Cornerstone Growth Fund and Vanguard Total Stock Market Index Fund. Data provided on Sep 30, 2024 indicates that Hennessy Cornerstone Growth Fund owns about 801.3 shares. This amounts to just over 2.01 percent of the company’s overall shares, with a $7.68 million market value. The same data shows that the other fund manager holds slightly less at 774.73, or about 1.95% of the stock, which is worth about $7.43 million.
