Equities Analysts Offer Predictions for Groupon, Inc.’s Q2 2024 Earnings (NASDAQ:GRPN)

Groupon, Inc. (NASDAQ:GRPN) – Analysts at Zacks Research raised their Q2 2024 EPS estimates for Groupon in a note issued to investors on Tuesday, July 30th. Zacks Research analyst R. Department now anticipates that the coupon company will post earnings of ($0.24) per share for the quarter, up from their previous estimate of ($0.25). The consensus estimate for Groupon’s current full-year earnings is $0.02 per share.

Several other research firms have also commented on GRPN. Roth Mkm lowered their price target on shares of Groupon from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday. Northland Securities lowered their price target on shares of Groupon from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Northland Capmk raised shares of Groupon to a “strong-buy” rating in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.50.

Groupon Trading Down 5.5 %

NASDAQ GRPN opened at $11.55 on Thursday. Groupon has a 1 year low of $7.01 and a 1 year high of $19.56. The company has a debt-to-equity ratio of 5.48, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $459.00 million, a PE ratio of -8.95 and a beta of 1.83. The company has a fifty day moving average of $15.45 and a 200 day moving average of $14.65.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Thursday, May 9th. The coupon company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.19. The company had revenue of $123.08 million for the quarter, compared to analyst estimates of $118.37 million. During the same quarter in the previous year, the firm posted ($0.70) earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GRPN. Wolf Hill Capital Management LP acquired a new position in shares of Groupon in the first quarter worth about $17,897,000. Hennessy Advisors Inc. acquired a new position in shares of Groupon during the 2nd quarter worth about $10,884,000. Pale Fire Capital SE raised its position in shares of Groupon by 4.8% during the 4th quarter. Pale Fire Capital SE now owns 7,040,410 shares of the coupon company’s stock worth $90,399,000 after purchasing an additional 323,344 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Groupon by 259.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 191,514 shares of the coupon company’s stock worth $2,930,000 after purchasing an additional 138,218 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Groupon during the 2nd quarter worth about $1,057,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.