The Goldman Sachs Group Has Lowered Expectations for Groupon (NASDAQ:GRPN) Stock Price

Groupon (NASDAQ:GRPN) had its price target cut by equities research analysts at The Goldman Sachs Group from $11.00 to $8.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “sell” rating on the coupon company’s stock. The Goldman Sachs Group’s target price suggests a potential downside of 1.48% from the company’s current price.

GRPN has been the subject of a number of other research reports. Northland Securities cut their price target on shares of Groupon from $20.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday. Roth Mkm reaffirmed a “buy” rating and issued a $26.00 target price on shares of Groupon in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Groupon currently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Groupon Price Performance

Groupon stock opened at $8.12 on Thursday. The stock’s fifty day moving average price is $10.46 and its two-hundred day moving average price is $13.05. Groupon has a one year low of $7.75 and a one year high of $19.56. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.94. The firm has a market cap of $322.93 million, a PE ratio of 15.92 and a beta of 1.77.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Tuesday, November 12th. The coupon company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.58. Groupon had a return on equity of 91.94% and a net margin of 3.87%. The company had revenue of $114.48 million for the quarter, compared to analysts’ expectations of $119.02 million. During the same quarter last year, the business earned ($0.22) earnings per share. As a group, research analysts expect that Groupon will post -0.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Groupon

A number of institutional investors have recently added to or reduced their stakes in GRPN. FMR LLC grew its stake in shares of Groupon by 112.5% during the third quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock worth $53,000 after buying an additional 2,888 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Groupon by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 13,340 shares of the coupon company’s stock worth $130,000 after purchasing an additional 7,516 shares in the last quarter. Entropy Technologies LP bought a new position in Groupon in the third quarter valued at about $145,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Groupon during the first quarter valued at about $151,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Groupon during the first quarter worth about $153,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.