Brokerages Set Groupon, Inc. (NASDAQ:GRPN) PT at $31.83

Groupon, Inc. (NASDAQ:GRPN) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $31.83.

GRPN has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their target price on Groupon from $38.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, December 15th. Ascendiant Capital Markets lowered their target price on Groupon from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, December 23rd. TheStreet raised Groupon from a “d” rating to a “c-” rating in a research note on Friday, November 19th. Finally, Barclays lowered their price objective on Groupon from $30.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, December 10th.

GRPN stock opened at $22.05 on Wednesday. Groupon has a 12-month low of $19.00 and a 12-month high of $64.69. The company has a market capitalization of $651.80 million, a PE ratio of 6.91 and a beta of 2.56. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.49. The business’s fifty day moving average price is $23.69 and its 200 day moving average price is $27.60.

Groupon (NASDAQ:GRPN) last released its earnings results on Friday, November 5th. The coupon company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.66. Groupon had a return on equity of 21.16% and a net margin of 9.50%. The firm had revenue of $214.20 million during the quarter, compared to analysts’ expectations of $216.36 million. During the same period in the previous year, the firm posted ($0.07) EPS. Groupon’s revenue for the quarter was down 29.7% on a year-over-year basis. Research analysts predict that Groupon will post 0.1 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Rafferty Asset Management LLC boosted its position in shares of Groupon by 78.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 21,859 shares of the coupon company’s stock valued at $943,000 after purchasing an additional 9,589 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Groupon by 7.9% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 23,902 shares of the coupon company’s stock valued at $1,031,000 after purchasing an additional 1,745 shares during the period. Citigroup Inc. boosted its position in shares of Groupon by 24.5% in the 2nd quarter. Citigroup Inc. now owns 25,271 shares of the coupon company’s stock valued at $1,091,000 after purchasing an additional 4,981 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Groupon by 50.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 13,885 shares of the coupon company’s stock valued at $599,000 after purchasing an additional 4,646 shares during the period. Finally, Susquehanna Fundamental Investments LLC boosted its position in shares of Groupon by 3.6% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 76,333 shares of the coupon company’s stock valued at $3,295,000 after purchasing an additional 2,620 shares during the period. 72.02% of the stock is owned by institutional investors and hedge funds.

About Groupon

Groupon, Inc operates as a global scaled two-sided marketplace that connects consumers to merchants. It operates through the North America and International segments. The company was founded by Andrew D. Mason, Eric Paul Lefkofsky, and Bradley A. Keywell in 2008 and is headquartered in Chicago, IL.

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Analyst Recommendations for Groupon (NASDAQ:GRPN)

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