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

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

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

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

Groupon Price Performance

Groupon stock opened at $11.55 on Thursday. Groupon has a one year low of $7.01 and a one year high of $19.56. The business has a fifty day moving average price of $15.45 and a 200-day moving average price of $14.65. 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 firm has a market capitalization of $459.00 million, a P/E ratio of -8.95 and a beta of 1.83.

Institutional Investors Weigh In On Groupon

Hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in shares of Groupon by 3,380.4% in the second quarter. Rhumbline Advisers now owns 31,428 shares of the coupon company’s stock worth $481,000 after buying an additional 30,525 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Groupon in the second quarter worth about $1,057,000. Hennessy Advisors Inc. purchased a new position in shares of Groupon in the second quarter worth about $10,884,000. Assenagon Asset Management S.A. increased its holdings in shares of Groupon by 259.3% in the second quarter. Assenagon Asset Management S.A. now owns 191,514 shares of the coupon company’s stock worth $2,930,000 after buying an additional 138,218 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Groupon in the first quarter worth about $309,000. Institutional investors own 90.05% of the company’s stock.

About Groupon

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.