Brokerages Set Groupon, Inc. (NASDAQ:GRPN) Price Target at $33.67

Shares of Groupon, Inc. (NASDAQ:GRPN) have been given a consensus rating of “Hold” by the five analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $33.6667.

A number of brokerages have recently weighed in on GRPN. The Goldman Sachs Group dropped their price objective on Groupon from $17.00 to $10.00 and set a “sell” rating for the company in a research note on Thursday, March 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Groupon in a research note on Monday, December 29th.

Groupon Stock Performance

NASDAQ:GRPN opened at $11.43 on Wednesday. The company has a debt-to-equity ratio of 4.16, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $465.66 million, a P/E ratio of -5.39 and a beta of -0.02. The company has a 50 day moving average price of $13.29 and a 200 day moving average price of $17.41. Groupon has a fifty-two week low of $9.17 and a fifty-two week high of $43.08.

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

Institutional Trading of Groupon

Several hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC purchased a new position in shares of Groupon in the first quarter valued at approximately $224,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Groupon by 31.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,606 shares of the coupon company’s stock worth $837,000 after buying an additional 10,588 shares during the period. Bank of Montreal Can acquired a new stake in Groupon during the 2nd quarter worth approximately $237,000. Geode Capital Management LLC lifted its holdings in 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. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in Groupon by 28.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,909 shares of the coupon company’s stock valued at $198,000 after buying an additional 1,304 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Groupon Company Profile

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.