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

Shares of Groupon, Inc. (NASDAQ:GRPN) have received an average rating of “Hold” from the five analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $33.6667.

Several analysts have recently weighed in on GRPN shares. The Goldman Sachs Group reduced their target price on Groupon from $17.00 to $10.00 and set a “sell” rating for the company in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Groupon in a research report on Monday, December 29th.

Hedge Funds Weigh In On Groupon

A number of hedge funds have recently modified their holdings of GRPN. Caitong International Asset Management Co. Ltd purchased a new stake in Groupon in the 3rd quarter valued at $32,000. Johnson Financial Group Inc. purchased a new position in Groupon during the 4th quarter worth $35,000. CWM LLC grew its position in 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 during the last quarter. Quarry LP increased its stake in Groupon by 48.1% in the third quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock valued at $45,000 after purchasing an additional 629 shares during the period. Finally, New York State Teachers Retirement System acquired a new position in Groupon in the third quarter valued at $53,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Groupon Trading Up 4.1%

NASDAQ GRPN opened at $11.43 on Wednesday. The firm’s fifty day moving average price is $13.29 and its 200 day moving average price is $17.30. Groupon has a 12 month low of $9.17 and a 12 month high of $43.08. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $465.69 million, a price-to-earnings ratio of -5.39 and a beta of -0.02.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Tuesday, March 10th. The coupon company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Groupon had a negative net margin of 16.76% and a negative return on equity of 717.37%. The company had revenue of $132.71 million during the quarter, compared to analysts’ expectations of $137.34 million. On average, sell-side analysts expect that Groupon will post -0.31 earnings per share for the current fiscal year.

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.