Groupon (NASDAQ:GRPN) Given “Buy” Rating at Roth Mkm

Groupon (NASDAQ:GRPN)‘s stock had its “buy” rating reissued by investment analysts at Roth Mkm in a report released on Tuesday, Benzinga reports. They presently have a $28.00 price target on the coupon company’s stock. Roth Mkm’s price target suggests a potential upside of 178.61% from the company’s current price.

A number of other brokerages have also weighed in on GRPN. The Goldman Sachs Group upped their target price on shares of Groupon from $5.00 to $7.50 and gave the stock a “sell” rating in a research report on Friday, January 19th. StockNews.com raised shares of Groupon from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Groupon presently has an average rating of “Hold” and a consensus target price of $12.38.

Groupon Stock Up 0.5 %

Shares of NASDAQ GRPN traded up $0.05 during mid-day trading on Tuesday, reaching $10.05. 258,248 shares of the company were exchanged, compared to its average volume of 1,159,036. The company’s 50 day moving average price is $15.45 and its 200 day moving average price is $13.40. Groupon has a 52 week low of $2.89 and a 52 week high of $19.56. The stock has a market capitalization of $391.65 million, a PE ratio of -5.25 and a beta of 1.65.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Friday, March 15th. The coupon company reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.51. The business had revenue of $137.72 million for the quarter, compared to the consensus estimate of $136.47 million. On average, sell-side analysts predict that Groupon will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Groupon

Large investors have recently modified their holdings of the business. Pale Fire Capital SE lifted its position in Groupon by 4.8% in the fourth quarter. Pale Fire Capital SE now owns 7,040,410 shares of the coupon company’s stock valued at $90,399,000 after buying an additional 323,344 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Groupon by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 2,317,007 shares of the coupon company’s stock worth $44,557,000 after acquiring an additional 17,501 shares during the period. BlackRock Inc. increased its holdings in shares of Groupon by 2.7% in the 1st quarter. BlackRock Inc. now owns 1,524,378 shares of the coupon company’s stock valued at $6,418,000 after purchasing an additional 39,742 shares in the last quarter. State Street Corp grew its holdings in shares of Groupon by 13.3% during the second quarter. State Street Corp now owns 785,314 shares of the coupon company’s stock worth $8,874,000 after buying an additional 92,374 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Groupon by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 615,858 shares of the coupon company’s stock worth $3,640,000 after buying an additional 5,887 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Groupon Company Profile

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.