Brokerages Set Groupon, Inc. (NASDAQ:GRPN) PT at $29.80

Shares of Groupon, Inc. (NASDAQ:GRPN) have been given a consensus recommendation of “Hold” by the six research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $29.80.

GRPN has been the subject of several analyst reports. Wall Street Zen downgraded Groupon from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Northland Securities upped their price objective on Groupon from $39.00 to $44.00 and gave the company an “outperform” rating in a research note on Monday, August 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Groupon in a research note on Saturday. Finally, UBS Group initiated coverage on Groupon in a research note on Thursday, August 7th. They set a “mixed” rating for the company.

Groupon Stock Down 1.0%

Groupon stock opened at $20.99 on Friday. Groupon has a fifty-two week low of $7.75 and a fifty-two week high of $43.08. The company has a debt-to-equity ratio of 4.16, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $848.63 million, a P/E ratio of -87.45 and a beta of 0.51. The stock has a 50-day simple moving average of $23.33 and a 200-day simple moving average of $26.84.

Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, August 6th. The coupon company reported $0.46 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.48. Groupon had a negative return on equity of 19.61% and a negative net margin of 1.89%.The business had revenue of $125.70 million during the quarter, compared to the consensus estimate of $122.46 million. Equities research analysts expect that Groupon will post -0.31 earnings per share for the current year.

Institutional Trading of Groupon

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Continental General Insurance Co. raised its stake in Groupon by 28.3% during the 2nd quarter. Continental General Insurance Co. now owns 2,929,832 shares of the coupon company’s stock valued at $98,003,000 after acquiring an additional 647,100 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Groupon by 59.4% during the 2nd quarter. Marshall Wace LLP now owns 1,167,422 shares of the coupon company’s stock worth $39,050,000 after buying an additional 434,963 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Groupon by 552.5% during the 2nd quarter. Bank of America Corp DE now owns 1,136,524 shares of the coupon company’s stock worth $38,017,000 after buying an additional 962,337 shares in the last quarter. Tyro Capital Management LLC raised its stake in shares of Groupon by 17.5% during the 2nd quarter. Tyro Capital Management LLC now owns 1,021,717 shares of the coupon company’s stock worth $34,176,000 after buying an additional 152,406 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Groupon by 5.6% during the 2nd quarter. Geode Capital Management LLC now owns 612,592 shares of the coupon company’s stock worth $20,493,000 after buying an additional 32,377 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Groupon Company Profile

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.