Groupon, Inc. (NASDAQ:GRPN) Receives Consensus Rating of “Hold” from Brokerages

Groupon, Inc. (NASDAQ:GRPN) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $31.25.

Several equities analysts have weighed in on GRPN shares. Wall Street Zen lowered Groupon from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “sell (d)” rating on shares of Groupon in a report on Monday, December 29th.

Groupon Stock Performance

Shares of GRPN opened at $12.62 on Friday. The firm has a market cap of $514.39 million, a price-to-earnings ratio of -3.62 and a beta of -0.01. The company’s fifty day moving average is $15.11 and its 200-day moving average is $19.10. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 4.16. Groupon has a 12 month low of $9.21 and a 12 month high of $43.08.

Institutional Trading of Groupon

A number of institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. grew its stake in Groupon by 9.1% in the 4th quarter. Invesco Ltd. now owns 47,588 shares of the coupon company’s stock valued at $838,000 after buying an additional 3,968 shares during the last quarter. SummitTX Capital L.P. bought a new stake in Groupon during the fourth quarter valued at about $269,000. Prentice Capital Management LP grew its position in shares of Groupon by 40.6% in the fourth quarter. Prentice Capital Management LP now owns 497,503 shares of the coupon company’s stock valued at $8,761,000 after purchasing an additional 143,739 shares during the last quarter. Millennium Management LLC increased its stake in shares of Groupon by 749.0% in the fourth quarter. Millennium Management LLC now owns 791,498 shares of the coupon company’s stock worth $13,938,000 after purchasing an additional 698,270 shares during the period. Finally, Manatuck Hill Partners LLC acquired a new position in shares of Groupon during the 4th quarter worth about $678,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

About Groupon

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.