Groupon, Inc. (NASDAQ:GRPN) Receives $33.67 Average Price Target from Brokerages

Shares of Groupon, Inc. (NASDAQ:GRPN) have been assigned an average recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $34.6667.

Several analysts recently commented on the company. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $13.00 price objective (up from $10.00) on shares of Groupon in a report on Tuesday. Wall Street Zen lowered shares of Groupon from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th.

Institutional Trading of Groupon

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP boosted its stake in shares of Groupon by 48.1% during the 3rd quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock worth $45,000 after acquiring an additional 629 shares during the last quarter. CWM LLC increased its stake in shares of Groupon by 85.2% in 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 in the last quarter. Royal Bank of Canada raised its holdings in Groupon by 18.7% in the 4th quarter. Royal Bank of Canada now owns 6,887 shares of the coupon company’s stock worth $122,000 after purchasing an additional 1,085 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Groupon in the 3rd quarter worth $32,000. Finally, Franklin Resources Inc. lifted its position in Groupon by 6.9% during the fourth quarter. Franklin Resources Inc. now owns 21,340 shares of the coupon company’s stock valued at $376,000 after purchasing an additional 1,377 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Groupon Stock Up 5.5%

Shares of NASDAQ GRPN opened at $18.38 on Thursday. The firm’s 50-day moving average price is $12.95 and its 200-day moving average price is $15.12. Groupon has a 52-week low of $9.17 and a 52-week high of $43.08. The company has a market cap of $698.07 million, a PE ratio of -7.04 and a beta of 0.11.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings data 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 net margin of 20.78% and a negative return on equity of 717.37%. The company had revenue of $117.20 million for the quarter, compared to the consensus estimate of $117.65 million. As a group, equities research analysts anticipate that Groupon will post 0.28 EPS for the current fiscal 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.