A Groupon study of 2,000 people found that 67% of Americans are more hopeful now than when the COVID-19 pandemic first began and 75% plan to support local businesses as much as possible once restrictions on non-essential businesses are lifted in their communities. “Source — Groupon.
Redeam is a global technology company that helps tour company’s and attractions grow their business. They work with ticketing & reservation systems and resellers. The partnership is a perfect fit because Groupon has announced that they want to concentrate their business model towards experiences such as concerts, travel, and family attractions.
Redeams President and CEO Melanie Meador spent 20 plus years in hospitality and online travel business. Melanie is one of the co-founders and Chief Operating Officer of the Meadors Masters Foundation, a 501c3 nonprofit organization focused on providing humanitarian support globally to those in need.
We believe this is a great opportunity for Groupon to further enhance their business model to provide more revenue and profits for shareholders.
Groupon, Inc. (GRPN)has always been the leader in daily deals. Consumers love to go on the hunt for bargains. More than ever due to the Coronavirus pandemic consumers are on the hunt for the best possible deals- and they get them at Groupon.
Groupon, Inc. operates and online local commerce marketplace that connect merchants to consumers by offering goods and services at a discount in North America and internationally.
- Two of the largest investment firms Morgan Stanley advise to Equal-Weight the stock, and UBS rates Groupon, Inc. (GRPN)a buy.
- Gross Profit Margin (TTM) is an A-
- Forecasted annual earnings growth 35.7%
- Eric Lefkofsky is worth an estimated $2.7 billion. He is also the co-founder and Chairman of Groupon (NASDAQ: GRPN), a global e-commerce marketplace.
Aaron Cooper has served as our Interim Chief Executive Officer since April 2020. During his Groupon tenure, he served as president of North America, chief marketing officer, head of Global Travel, head of North America Goods and head of North America Services. Prior to joining Groupon, Aaron held a variety of marketing and leadership positions at Orbitz and optionsXpress after consulting roles at AEG Partners, AOL, and Price Waterhouse Management Consultants.
As of Q4-2019
- Q4-2019 Results $310 million dollar profit.
- More than 1.5 Billion Groupons sold
- Customers have saved 35 Billion on goods and services.
- Added 20 billion dollars of revenue to merchants.
Independent Director Theodore Leonsis bought US$950k worth of shares at a price of US$0.95 per share within the last 12 months. When insiders buy, that shows optimism about the company. Nasdaq.com recently wrote an article about the best stocks to look at that have had meaningful insider buys. Groupon was on the list among GameStop (GME) Carnival (CCL), Dardin(DDI), and Cardlytics (CDLX).
Groupon is a beloved brand with an 80 percent awareness rate among consumers.
Top 5 Institutional Holders
Holder Shares Date Reported % Out Value
First Trust Advisors LP 64,017,240 Mar 30, 2020 11.27% 62,749,698
Vanguard Group, Inc. (The) 44,580,243 Mar 30, 2020 7.85% 43,697,554
Alibaba Group Holding Ltd 32,972,000 Mar 30, 2020 5.81% 32,319,154
MIG Capital, LLC 32,550,307 Mar 30, 2020 5.73% 31,905,810
Blackrock Inc. 31,846,564 Mar 30, 2020 5.61% 31,216,002
Top 5 Mutual Fund Holders
Holder Shares Date Reported % Out Value
First Trust Dow Jones Internet Index (SM) Fund 22,322,240 Dec 30, 2019 3.93% 53,350,153
Vanguard Total Stock Market Index Fund 13,775,955 Dec 30, 2019 2.43% 32,924,532
Vanguard Small-Cap Index Fund 12,373,152 Dec 30, 2019 2.18% 29,571,833
iShares Russell 2000 ETF 9,554,245 Jan 30, 2020 1.68% 27,516,225
College Retirement Equities Fund-Growth Account 8,085,920 Dec 30, 2019 1.42% 19,325,348
Vanguard Small Cap Value Index Fund 7,399,316 Dec 30, 2019 1.30% 17,684,365
We believe that a good partner for Daily Deals and Shopping with Groupon ( NASDAQ:GRPN ) will be Google ( NASDAQ:GOOGL ) Groupon is a company with a proven record beyond online shopping but customer experience with local retailers and a huge pile of cash.
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