Groupon Still The King of Daily Deals

Groupon Still The King of Daily Deals - CWEB.com

By: Leslie Cohen
Managing Editor

Strong growth in and platform initiatives raises full year 2018 adjusted ebitda outlook gross profit of $324.9 million net loss from continuing operations of $2.8 million adjusted ebitda of $52.6 million gaap loss per diluted share of $0.01.

61.90% of Groupon Shares are owned by institutional investors. Strong institutional ownership indicates big money managers and hedge funds believe that a company is poised for long-term growth. 

The number of shares currently selling short amount to 8.6% of shares outstanding with an uptick of 3.23% last month. Groupon is down 6.08 this year, but Wall Street is bullish on the stock. The analysts that cover Groupon have a buy equivalent rating on it. 

Analysts are suggesting a 17-point percentage game recent close. Vanguard Group Inc., which owns 34,432,805 shares of the stock are valued at $159.77 million. 

The third largest holder is Alibaba Group Holding Ltd, which currently holds $152.99 million worth of Groupon’s stock.

Groupon's (NASDAQ:GRPN) makes headway when it announced it will place strategic planning for local businesses .Groupon continues to add items to its menu to attract new customers, and attract new ones.  You can order food from Grubhub within the Groupon App. 

Customers have access to Grubhubs (NYSE: GRUB) full array of restaurants that offer fast and convenient food delivery.

In May, 2018 Groupon acquired Cloud savings company limited a parent company of online discount code platform Vouchercloud and brand loyalty provider gift cloud the Enterprise is valued at 65 million dollars.

Vouchercloud is one of the United Kingdom voucher platforms it was the first of Europe's your app and started in 2010 people have downloaded the app more than 10 million times with 55 million annual visitors they work with 12000 retailers discount campaigns. 

Gift cloud is gifting app it allows users best digital gift cards and providing businesses with digital rewards and loyalty solutions.

UPS has rolled out the My Choice Deals program for its 43 million plus customers letting them access hundreds of deals from department stores and other vendors that participate in the program.  

For example, if you're receiving something from Macy's you'll receive an additional deal alert that lets you know that there's another available deal for you at that store.

The alerts are set up when you're getting your tracking information in your account about your delivery.

Groupon is still the king of daily deals, and as it continues to foray into acquisitions and bringing more features and services for its huge customer base, the stock has a buy rating.