Groupon, Inc. (NASDAQ:GRPN) Receives $28.67 Consensus Target Price from Brokerages

Shares of Groupon, Inc. (NASDAQ:GRPN) have received an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $28.6667.

A number of equities analysts have issued reports on the company. Wall Street Zen lowered Groupon from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $13.00 price target (up from $10.00) on shares of Groupon in a research note on Tuesday, May 12th. Finally, Northland Securities set a $26.00 price target on Groupon in a research note on Wednesday, May 27th.

Institutional Trading of Groupon

A number of large investors have recently added to or reduced their stakes in GRPN. Quantbot Technologies LP acquired a new position in Groupon in the 3rd quarter worth approximately $2,263,000. Counterpoint Mutual Funds LLC boosted its stake in Groupon by 1,008.6% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 121,439 shares of the coupon company’s stock worth $2,836,000 after purchasing an additional 110,485 shares during the period. Generali Investments CEE investicni spolecnost a.s. boosted its stake in Groupon by 147.7% in the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 528,089 shares of the coupon company’s stock worth $9,300,000 after purchasing an additional 314,896 shares during the period. SG Americas Securities LLC boosted its stake in Groupon by 764.9% in the 4th quarter. SG Americas Securities LLC now owns 197,546 shares of the coupon company’s stock worth $3,479,000 after purchasing an additional 174,705 shares during the period. Finally, Tyro Capital Management LLC boosted its stake in Groupon by 6.8% in the 3rd quarter. Tyro Capital Management LLC now owns 1,091,095 shares of the coupon company’s stock worth $25,477,000 after purchasing an additional 69,378 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Groupon Stock Down 11.2%

Shares of GRPN opened at $16.46 on Monday. The firm has a market capitalization of $625.15 million, a PE ratio of -6.31 and a beta of 0.25. The firm has a 50-day moving average price of $15.45 and a 200 day moving average price of $15.03. Groupon has a 52-week low of $9.17 and a 52-week high of $43.08.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Thursday, May 7th. The coupon company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). Groupon had a negative return on equity of 717.37% and a negative net margin of 20.78%.The company had revenue of $117.20 million during the quarter, compared to analyst estimates of $117.65 million. On average, equities analysts expect that Groupon will post -0.13 EPS for the current 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.