Groupon, Inc. (NASDAQ:GRPN) Receives $29.80 Average Target Price from Brokerages

Shares of Groupon, Inc. (NASDAQ:GRPN) have received an average rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $29.80.

Several equities research analysts have recently commented on GRPN shares. Weiss Ratings restated a “sell (d)” rating on shares of Groupon in a report on Monday. Zacks Research downgraded shares of Groupon from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Finally, Wall Street Zen lowered shares of Groupon from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th.

Groupon Trading Up 1.6%

GRPN opened at $16.91 on Monday. The company has a fifty day moving average price of $19.23 and a two-hundred day moving average price of $26.20. Groupon has a 1-year low of $9.21 and a 1-year high of $43.08. The company has a market cap of $689.25 million, a P/E ratio of -4.85 and a beta of 0.08. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 4.16.

Groupon (NASDAQ:GRPN) last issued its earnings results on Thursday, November 6th. The coupon company reported ($2.92) EPS for the quarter, missing the consensus estimate of $0.01 by ($2.93). Groupon had a negative net margin of 28.52% and a negative return on equity of 717.37%. The firm had revenue of $122.83 million during the quarter, compared to analyst estimates of $121.99 million. Analysts predict that Groupon will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Groupon

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Continental General Insurance Co. boosted its stake in Groupon by 28.3% during the 2nd quarter. Continental General Insurance Co. now owns 2,929,832 shares of the coupon company’s stock valued at $98,003,000 after purchasing an additional 647,100 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Groupon by 22.2% in the third quarter. Vanguard Group Inc. now owns 2,108,578 shares of the coupon company’s stock worth $49,235,000 after purchasing an additional 383,277 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Groupon by 59.4% in the second quarter. Marshall Wace LLP now owns 1,167,422 shares of the coupon company’s stock valued at $39,050,000 after purchasing an additional 434,963 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Groupon by 552.5% during the second quarter. Bank of America Corp DE now owns 1,136,524 shares of the coupon company’s stock valued at $38,017,000 after buying an additional 962,337 shares during the last quarter. Finally, Tyro Capital Management LLC grew its holdings in Groupon by 6.8% during the third quarter. Tyro Capital Management LLC now owns 1,091,095 shares of the coupon company’s stock worth $25,477,000 after buying an additional 69,378 shares in the last quarter. Institutional investors and hedge funds 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.