Groupon, Inc. (NASDAQ:GRPN) Given Average Rating of “Hold” by Brokerages

Groupon, Inc. (NASDAQ:GRPN) has earned an average rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $29.80.

GRPN has been the topic of a number of research reports. UBS Group initiated coverage on shares of Groupon in a research note on Thursday, August 7th. They issued a “mixed” rating on the stock. Wall Street Zen lowered shares of Groupon from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Groupon in a research note on Wednesday, October 8th. Finally, Northland Securities increased their price objective on shares of Groupon from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Monday, August 11th.

Groupon Trading Down 0.8%

Shares of Groupon stock opened at $21.21 on Friday. The firm has a market capitalization of $857.44 million, a PE ratio of -88.37 and a beta of 0.51. Groupon has a twelve month low of $7.75 and a twelve month high of $43.08. The firm’s 50-day moving average price is $23.48 and its 200 day moving average price is $26.74. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 4.16.

Groupon (NASDAQ:GRPN) last issued 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%. On average, sell-side analysts predict that Groupon will post -0.31 EPS for the current fiscal year.

Institutional Trading of Groupon

A number of hedge funds have recently bought and sold shares of GRPN. CWM LLC raised its holdings in Groupon by 85.2% in the 3rd quarter. CWM LLC now owns 1,858 shares of the coupon company’s stock valued at $43,000 after acquiring an additional 855 shares during the last quarter. USA Financial Formulas acquired a new stake in Groupon in the 2nd quarter valued at about $57,000. Raymond James Financial Inc. acquired a new stake in Groupon in the 2nd quarter valued at about $69,000. AlphaQuest LLC raised its holdings in Groupon by 383.5% in the 1st quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company’s stock valued at $70,000 after acquiring an additional 2,949 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Groupon by 386.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,547 shares of the coupon company’s stock valued at $85,000 after acquiring an additional 2,023 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

About Groupon

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.