Groupon (NASDAQ:GRPN) Earns Buy Rating from Roth Mkm

Roth Mkm restated their buy rating on shares of Groupon (NASDAQ:GRPN) in a report issued on Tuesday, Benzinga reports. The brokerage currently has a $28.00 target price on the coupon company’s stock.

Several other research analysts also recently weighed in on GRPN. StockNews.com raised Groupon from a sell rating to a hold rating in a research note on Monday, March 18th. The Goldman Sachs Group increased their price objective on shares of Groupon from $5.00 to $7.50 and gave the company a sell rating in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $12.38.

Groupon Stock Performance

Shares of Groupon stock opened at $9.51 on Tuesday. The firm has a 50-day simple moving average of $14.97 and a two-hundred day simple moving average of $13.28. Groupon has a fifty-two week low of $2.89 and a fifty-two week high of $19.56. The company has a market cap of $370.60 million, a P/E ratio of -4.98 and a beta of 1.65.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Friday, March 15th. The coupon company reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.51. The business had revenue of $137.72 million during the quarter, compared to analysts’ expectations of $136.47 million. Equities research analysts forecast that Groupon will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP acquired a new stake in shares of Groupon in the first quarter valued at about $6,673,000. Federated Hermes Inc. raised its holdings in Groupon by 170.8% in the 1st quarter. Federated Hermes Inc. now owns 542,552 shares of the coupon company’s stock valued at $10,433,000 after acquiring an additional 342,198 shares during the last quarter. Pale Fire Capital SE lifted its stake in Groupon by 4.8% in the 4th quarter. Pale Fire Capital SE now owns 7,040,410 shares of the coupon company’s stock worth $90,399,000 after purchasing an additional 323,344 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Groupon during the 1st quarter worth approximately $1,332,000. Finally, Invesco Ltd. grew its position in shares of Groupon by 158.8% in the third quarter. Invesco Ltd. now owns 513,075 shares of the coupon company’s stock valued at $7,860,000 after purchasing an additional 314,812 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

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.