In today’s recent session, 0.46 million shares of the Groupon Inc (NASDAQ:GRPN) have been traded, and its beta is 1.09. Most recently the company’s share price was $18.01, and it changed around $0.02 or 0.10% from the last close, which brings the market valuation of the company to $716.94M. GRPN at last check was trading at a discount to its 52-week high of $18.47, offering almost -2.55% off that amount. The share price’s 52-week low was $7.75, which indicates that the recent value has risen by an impressive 56.97% since then. We note from Groupon Inc’s average daily trading volume that its 10-day average is 3.36 million shares, with the 3-month average coming to 1.29 million.
Groupon Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended GRPN as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Groupon Inc is expected to report earnings per share of -0.05 for the current quarter.
Groupon Inc (NASDAQ:GRPN) trade information
Instantly GRPN has been showing a green trend so far today with a performance of 0.10% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 18.34 on recent trading dayincreased the stock’s daily price by 1.8%. The company’s shares are currently up 48.22% year-to-date, but still up 13.05% over the last five days. On the other hand, Groupon Inc (NASDAQ:GRPN) is 50.95% up in the 30-day period. We can see from the shorts that 7.32 million shares have been sold at a short interest cover period of 8.61 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 38.95% 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
The year-over-year growth rate is expected to be 0.89%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 115.5M in revenue for the current quarter. 4 analysts expect Groupon Inc to make 119.66M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 123.08M and 124.61M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -6.16%. Forecasts for the next quarter put sales growth at -3.98%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -13.82%.
Groupon Inc (NASDAQ:GRPN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.73% of Groupon Inc shares, and 84.53% of them are in the hands of institutional investors. The stock currently has a share float of 97.98%. Groupon Inc stock is held by 164.0 institutions, with PALE FIRE CAPITAL SE being the largest institutional investor. By 2024-06-30, it held 25.8202% of the shares, which is about 10.18 million shares worth $155.77 million.
DIVISADERO STREET CAPITAL MANAGEMENT, LP, with 8.7135% or 3.44 million shares worth $52.57 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Hennessy Cornerstone Growth Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 855.9 shares worth $15.47 million, making up 2.15% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 750.51 shares worth around $13.56 million, which represents about 1.89% of the total shares outstanding.
