With Grouponshares hitting new lows this week, two analysts raised concerns about the future trading success of the coupon company.
Herman Leung, senior analyst at Susquehanna Financial Group, told CNBC’s“Squawk on the Street” Tuesday that “there is a clearly a lot of concern on Groupon out there.” In the same broadcast, Aaron Kessler, senior analyst at Raymond James, also agreed that Groupon had “troubling metrics.”
“European macro headwinds” are hindering Groupon’s progress, Leung said, noting that in its earnings report “one of the biggest things that stood out to us was profit decline, down one percent sequentially, was a pretty big red flag in our book.”