Groupon, Inc. (NASDAQ:GRPN – Get Free Report) has earned a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $19.50.
A number of equities analysts have recently commented on the stock. Citigroup restated an “outperform” rating on shares of Groupon in a research report on Tuesday, June 9th. The Goldman Sachs Group reiterated a “sell” rating and issued a $13.00 target price (up from $10.00) on shares of Groupon in a research note on Tuesday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Groupon in a report on Tuesday, June 9th. Northland Securities set a $26.00 price target on shares of Groupon in a research report on Wednesday, May 27th. Finally, Wall Street Zen cut shares of Groupon from a “hold” rating to a “sell” rating in a report on Saturday, May 9th.
View Our Latest Report on GRPN
Groupon Trading Up 6.7%
Groupon (NASDAQ:GRPN – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The coupon company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). The company had revenue of $117.20 million during the quarter, compared to the consensus estimate of $117.65 million. Research analysts forecast that Groupon will post -0.17 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Groupon
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its stake in Groupon by 92.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,299 shares of the coupon company’s stock worth $31,000 after acquiring an additional 625 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Groupon during the 3rd quarter valued at about $32,000. Quarry LP grew its holdings in shares of Groupon by 48.1% during the third quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock worth $45,000 after purchasing an additional 629 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Groupon during the fourth quarter worth about $35,000. Finally, Raymond James Financial Inc. bought a new position in shares of Groupon in the second quarter worth approximately $69,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.
Groupon Company Profile
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.
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