Wall Street Zen Downgrades Groupon (NASDAQ:GRPN) to Buy

Groupon (NASDAQ:GRPN) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other equities research analysts have also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Groupon in a research report on Wednesday, October 8th. Northland Securities boosted their price target on Groupon from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Finally, UBS Group initiated coverage on Groupon in a research report on Thursday, August 7th. They set a “mixed” rating for the company. Four investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $29.80.

Groupon Price Performance

NASDAQ GRPN opened at $20.99 on Friday. The company has a debt-to-equity ratio of 4.16, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $848.63 million, a price-to-earnings ratio of -87.45 and a beta of 0.51. The business has a 50 day simple moving average of $23.33 and a 200 day simple moving average of $26.91. Groupon has a 52-week low of $7.75 and a 52-week high of $43.08.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Wednesday, August 6th. The coupon company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.48. The firm had revenue of $125.70 million for the quarter, compared to analyst estimates of $122.46 million. Groupon had a negative net margin of 1.89% and a negative return on equity of 19.61%. Analysts anticipate that Groupon will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of Groupon

Several institutional investors and hedge funds have recently bought and sold shares of GRPN. USA Financial Formulas acquired a new position in Groupon during the second quarter valued at approximately $57,000. CWM LLC raised its stake in shares of Groupon by 85.2% during the 3rd quarter. CWM LLC now owns 1,858 shares of the coupon company’s stock worth $43,000 after purchasing an additional 855 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Groupon in the 2nd quarter valued at approximately $69,000. New York State Teachers Retirement System bought a new position in shares of Groupon in the third quarter valued at $53,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Groupon by 386.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,547 shares of the coupon company’s stock valued at $85,000 after buying an additional 2,023 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

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.