Analysts Set Groupon, Inc. (NASDAQ:GRPN) PT at $19.50

Groupon, Inc. (NASDAQ:GRPN) has been given an average rating of “Hold” by the five research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $19.50.

Several analysts have commented on GRPN shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Groupon in a research note on Tuesday, June 9th. Wall Street Zen downgraded Groupon from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Citigroup reaffirmed an “outperform” rating on shares of Groupon in a research note on Tuesday, June 9th. The Goldman Sachs Group restated a “sell” rating and issued a $13.00 target price (up from $10.00) on shares of Groupon in a report on Tuesday, May 12th. Finally, Northland Securities set a $26.00 price objective on Groupon in a research note on Wednesday, May 27th.

Groupon Stock Performance

GRPN opened at $25.81 on Tuesday. Groupon has a fifty-two week low of $9.17 and a fifty-two week high of $43.08. The stock has a market cap of $980.26 million, a price-to-earnings ratio of -9.89 and a beta of 0.23. The firm’s fifty day moving average is $21.32 and its 200 day moving average is $16.35.

Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Thursday, May 7th. The coupon company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). The firm had revenue of $117.20 million during the quarter, compared to analysts’ expectations of $117.65 million. On average, equities research analysts predict that Groupon will post -0.17 earnings per share for the current year.

Institutional Trading of Groupon

Several institutional investors have recently added to or reduced their stakes in the company. Generali Investments CEE investicni spolecnost a.s. boosted its stake in shares of Groupon by 147.7% during the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 528,089 shares of the coupon company’s stock valued at $9,300,000 after purchasing an additional 314,896 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Groupon by 764.9% in the fourth quarter. SG Americas Securities LLC now owns 197,546 shares of the coupon company’s stock valued at $3,479,000 after purchasing an additional 174,705 shares during the period. Hsbc Holdings PLC increased its holdings in Groupon by 125.2% during the 4th quarter. Hsbc Holdings PLC now owns 41,501 shares of the coupon company’s stock worth $731,000 after purchasing an additional 23,072 shares during the period. Potomac Capital Management Inc. bought a new stake in Groupon during the 4th quarter valued at $2,633,000. Finally, Manatuck Hill Partners LLC bought a new position in shares of Groupon during the 4th quarter worth $678,000. Institutional investors own 90.05% of the company’s stock.

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.