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

Groupon, Inc. (NASDAQ:GRPN) has been given an average rating of “Hold” by the five research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $33.6667.

GRPN has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their price objective on shares of Groupon from $17.00 to $10.00 and set a “sell” rating on the stock in a report on Thursday, March 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Groupon in a research report on Monday, December 29th.

Institutional Investors Weigh In On Groupon

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its position in Groupon by 552.5% during the second quarter. Bank of America Corp DE now owns 1,136,524 shares of the coupon company’s stock worth $38,017,000 after acquiring an additional 962,337 shares in the last quarter. Millennium Management LLC grew its position in shares of Groupon by 749.0% in the 4th quarter. Millennium Management LLC now owns 791,498 shares of the coupon company’s stock valued at $13,938,000 after acquiring an additional 698,270 shares during the period. Vanguard Group Inc. increased its stake in shares of Groupon by 22.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,108,578 shares of the coupon company’s stock worth $49,235,000 after purchasing an additional 383,277 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Groupon in the 4th quarter valued at about $5,993,000. Finally, Generali Investments CEE investicni spolecnost a.s. raised its holdings in shares of 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 valued at $9,300,000 after purchasing an additional 314,896 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Groupon Stock Performance

Shares of NASDAQ:GRPN opened at $15.52 on Friday. The company’s fifty day moving average is $11.93 and its 200-day moving average is $15.93. Groupon has a 52 week low of $9.17 and a 52 week high of $43.08. The company has a market capitalization of $602.18 million, a PE ratio of -7.32 and a beta of -0.04.

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

About Groupon

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.