Groupon, Inc. (NASDAQ:GRPN) Receives $31.25 Average Price Target from Brokerages

Shares of Groupon, Inc. (NASDAQ:GRPN) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $31.25.

A number of equities analysts recently issued reports on the stock. Zacks Research cut shares of Groupon from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Groupon in a report on Monday, December 29th. Finally, Wall Street Zen cut shares of Groupon from a “buy” rating to a “hold” rating in a report on Saturday, November 8th.

Groupon Price Performance

GRPN stock opened at $14.41 on Tuesday. The firm has a 50 day moving average price of $16.67 and a 200-day moving average price of $21.55. Groupon has a 52-week low of $9.21 and a 52-week high of $43.08. The firm has a market capitalization of $587.35 million, a price-to-earnings ratio of -4.13 and a beta of -0.01. The company has a debt-to-equity ratio of 4.16, a quick ratio of 0.93 and a current ratio of 0.93.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Thursday, November 6th. The coupon company reported ($2.92) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($2.93). The company had revenue of $122.83 million during the quarter, compared to analysts’ expectations of $121.99 million. Groupon had a negative return on equity of 717.37% and a negative net margin of 28.52%. Equities research analysts forecast that Groupon will post -0.31 EPS for the current fiscal year.

Institutional Trading of Groupon

A number of institutional investors and hedge funds have recently modified their holdings of GRPN. Continental General Insurance Co. lifted its holdings in shares of Groupon by 28.3% during the second 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 in the last quarter. Vanguard Group Inc. lifted its stake in Groupon by 22.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,108,578 shares of the coupon company’s stock valued at $49,235,000 after acquiring an additional 383,277 shares during the period. Marshall Wace LLP lifted its stake in Groupon by 59.4% during the 2nd quarter. Marshall Wace LLP now owns 1,167,422 shares of the coupon company’s stock valued at $39,050,000 after acquiring an additional 434,963 shares during the period. Bank of America Corp DE boosted its holdings in shares of Groupon by 552.5% during the 2nd quarter. Bank of America Corp DE now owns 1,136,524 shares of the coupon company’s stock valued at $38,017,000 after acquiring an additional 962,337 shares during the last quarter. Finally, Tyro Capital Management LLC grew its stake in shares of Groupon by 6.8% in the third quarter. Tyro Capital Management LLC now owns 1,091,095 shares of the coupon company’s stock worth $25,477,000 after acquiring an additional 69,378 shares during the period. 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.