Groupon, Inc. (NASDAQ:GRPN) Receives $23.25 Average Price Target from Brokerages

Groupon, Inc. (NASDAQ:GRPN) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $28.00.

A number of equities research analysts recently weighed in on GRPN shares. Roth Capital raised their price target on Groupon from $33.00 to $47.00 and gave the company a “buy” rating in a report on Friday. Roth Mkm increased their price objective on Groupon from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. The Goldman Sachs Group increased their price objective on Groupon from $9.00 to $15.00 and gave the company a “sell” rating in a research report on Monday, May 12th. Ascendiant Capital Markets increased their price objective on Groupon from $14.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, March 17th. Finally, Wall Street Zen lowered Groupon from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GRPN. Continental General Insurance Co. bought a new position in shares of Groupon in the 1st quarter worth $42,847,000. Tyro Capital Management LLC bought a new position in shares of Groupon in the 4th quarter worth $20,964,000. Prentice Capital Management LP boosted its position in shares of Groupon by 291.3% in the 4th quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company’s stock worth $9,498,000 after purchasing an additional 581,943 shares during the last quarter. Prospect Capital Advisors LLC bought a new position in shares of Groupon in the 4th quarter worth $2,935,000. Finally, Informed Momentum Co LLC bought a new position in shares of Groupon in the 1st quarter worth $4,148,000. 90.05% of the stock is currently owned by institutional investors.

Groupon Trading Down 1.6%

GRPN stock opened at $36.44 on Monday. The business has a fifty day moving average price of $25.86 and a 200 day moving average price of $17.45. Groupon has a fifty-two week low of $7.75 and a fifty-two week high of $41.26. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -38.36 and a beta of 1.04. The company has a debt-to-equity ratio of 4.23, a current ratio of 0.89 and a quick ratio of 0.89.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.38. Groupon had a negative return on equity of 83.07% and a negative net margin of 8.13%. The firm had revenue of $117.19 million during the quarter, compared to analysts’ expectations of $115.51 million. Analysts expect that Groupon will post -0.31 EPS for the current fiscal year.

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.