Excluding stock-based compensation and other items, Groupon reported a loss of a penny a share, compared with a year-earlier profit of 2 cents a share. GRPN Director KEYWELL BRADLEY A also sold 500,000 shares, at a stock price of $4.83. Groupon Inc (NASDAQ:GRPN) has a Return on Assets of -0.80%. They set a “buy” rating on the stock. TIAA CREF Investment Management LLC now owns 8,906,735 shares of the coupon company’s stock worth $35,538,000 after buying an additional 205,445 shares during the period.
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Gross Billings were $1.49 billion in the second quarter 2016, down 2% from $1.53 billion in the second quarter 2015, with no noteworthyimpact of changes in foreign exchange rates. Macquarie raised their price target on Groupon from $3.50 to $5.00 and gave the stock an “outperform” rating in a research report on Friday, April 15th. Net income was $120 million, or 3.2% of sales, and diluted earnings per share were $0.37. Following the transaction, the chief accounting officer now owns 117,170 shares in the company, valued at $410,095. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
During the 52-week period, the peak price level of the share was observed at $25.69; this is higher price of share and down price level of the share was seen at $15.62; this is lower price at which share is traded. The stock holds the market capitalization of $2.23B along with 573.48M outstanding shares. The disclosure for this sale can be found here.
Before yesterday’s spike, Groupon stock had lost about one-fifth of its value for the year. The company’s market cap is $2.76 billion. The company’s price sits 10.30% above from its 50-day moving average of $3.42 and 9.18% above from the stock’s 200-day moving average of $3.60.
Groupon, Inc. (GRPN) June 30, 2016 announced financial results for the quarter ended June 30, 2016. Equities analysts forecast that Groupon will post ($0.04) EPS for the current year. A large part of the effort has been a focus on increasing marketing spend, and to the company’s credit, it has worked, including bringing in 1 million new North American users in Q1 of this year and more than a million in the latest quarter. That is compared with the $0.02 in earnings per share it reported during the same period a year ago.
Revenue, which excludes the portion of each transaction that goes to merchants, rose to $756 million, a 2.4% increase, or 3% when adjusted for currency conversions.
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Now what: Investors were also encouraged by Groupon’s increased guidance as the company now sees full-year revenue of $3 billion to $3.1 billion, the high end of the range up from a previous $3.05 billion. It offers deals on goods and services in approximately three categories: Local Deals (Local), Groupon Goods (Goods) and Groupon Getaways (Travel).
