Stock market today: S&P 500 slips as Trump’s tariff salvo sours sentiment
Groupon Inc (NASDAQ:GRPN). shares have surged to a 52-week high, reaching $27.06, marking a significant milestone for the company known for its online deal marketplace. The stock’s impressive 186% gain over the past six months and market capitalization of $1.06 billion highlight its remarkable turnaround. According to InvestingPro analysis, technical indicators suggest the stock is currently overbought, while the company maintains impressive gross profit margins of 90%. Investors have shown renewed confidence in Groupon’s business model and growth strategy, as the company continues to innovate and expand its offerings to attract a larger customer base and retain its existing users. The 52-week high serves as a testament to Groupon’s resilience and adaptability in a competitive e-commerce landscape. For deeper insights into Groupon’s technical indicators and growth potential, InvestingPro subscribers can access 13 additional ProTips and a comprehensive Pro Research Report.
In other recent news, Groupon Inc. reported its first-quarter 2025 earnings, which exceeded Wall Street expectations. The company achieved an earnings per share (EPS) of $0.17, significantly surpassing the forecast of -$0.10. Revenue also came in higher than anticipated at $117.19 million, compared to the expected $115.67 million. Notably, Groupon has increased its full-year billings growth guidance from 2-4% to 3-5%. In a strategic move, Groupon completed the sale of its subsidiary Giftcloud for €15.5 million in April, which is anticipated to reduce its 2025 revenue and adjusted EBITDA by $6 million and $4 million, respectively. Despite this, the company has maintained its revenue and adjusted EBITDA guidance for the year, indicating confidence in its core operations. Analyst Eric Sheridan from Goldman Sachs raised the price target for Groupon to $15 while maintaining a Sell rating, acknowledging the company’s improved financial position and strategic progress. Groupon’s North America Local Billings saw an 11% year-over-year growth, marking the first double-digit increase in this segment since 2017, excluding pandemic-related fluctuations.
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