Groupon Inc (NASDAQ:GRPN) has received an average recommendation of “Hold” from the eighteen brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $5.41.

A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Groupon from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Zacks Investment Research downgraded shares of Groupon from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Barclays reissued a “sell” rating and issued a $4.50 price target on shares of Groupon in a report on Sunday, August 5th. Morgan Stanley increased their price target on shares of Groupon from $4.60 to $4.80 and gave the stock an “equal weight” rating in a report on Wednesday, July 11th. Finally, Wedbush reissued a “neutral” rating and issued a $4.00 price target on shares of Groupon in a report on Thursday, September 13th.

In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $3.82, for a total value of $5,730,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 16.90% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp raised its stake in Groupon by 22.8% in the second quarter. Northern Trust Corp now owns 5,478,673 shares of the coupon company’s stock valued at $23,558,000 after purchasing an additional 1,018,102 shares in the last quarter. Engaged Capital LLC purchased a new stake in Groupon in the second quarter valued at approximately $3,733,000. Bank of New York Mellon Corp raised its stake in Groupon by 13.1% in the second quarter. Bank of New York Mellon Corp now owns 1,735,537 shares of the coupon company’s stock valued at $7,463,000 after purchasing an additional 200,635 shares in the last quarter. Jane Street Group LLC raised its stake in Groupon by 658.4% in the second quarter. Jane Street Group LLC now owns 153,546 shares of the coupon company’s stock valued at $660,000 after purchasing an additional 133,300 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Groupon in the second quarter valued at approximately $18,865,000. 66.81% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ GRPN traded down $0.01 during trading on Friday, hitting $3.69. 59,156 shares of the company’s stock traded hands, compared to its average volume of 6,898,491. Groupon has a 12-month low of $3.65 and a 12-month high of $5.99. The company has a market cap of $2.14 billion, a PE ratio of -123.17, a price-to-earnings-growth ratio of 16.04 and a beta of 1.59. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.72.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Friday, August 3rd. The coupon company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Groupon had a negative return on equity of 27.12% and a negative net margin of 1.97%. The firm had revenue of $617.40 million during the quarter, compared to analysts’ expectations of $632.20 million. During the same period in the previous year, the company posted $0.02 earnings per share. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. equities research analysts anticipate that Groupon will post 0.08 EPS for the current year.

About Groupon

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

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Analyst Recommendations for Groupon (NASDAQ:GRPN)

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