Analysts Set Groupon, Inc. (NASDAQ:GRPN) PT at $28.67

Groupon, Inc. (NASDAQ:GRPN) has been given a consensus recommendation of “Hold” by the five analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $28.6667.

A number of equities analysts have recently commented on the stock. Northland Securities set a $26.00 target price on shares of Groupon in a research report on Wednesday, May 27th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $13.00 target price (up from $10.00) on shares of Groupon in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of Groupon from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th.

Groupon Price Performance

Shares of NASDAQ GRPN opened at $16.46 on Monday. The company has a market cap of $625.15 million, a P/E ratio of -6.31 and a beta of 0.24. Groupon has a 1 year low of $9.17 and a 1 year high of $43.08. The firm has a 50-day simple moving average of $15.45 and a two-hundred day simple moving average of $15.02.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Thursday, May 7th. The coupon company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The firm had revenue of $117.20 million during the quarter, compared to the consensus estimate of $117.65 million. Groupon had a negative return on equity of 717.37% and a negative net margin of 20.78%. As a group, equities research analysts expect that Groupon will post -0.13 EPS for the current year.

Hedge Funds Weigh In On Groupon

A number of institutional investors have recently modified their holdings of GRPN. Caitong International Asset Management Co. Ltd purchased a new position in shares of Groupon during the third quarter worth approximately $32,000. Johnson Financial Group Inc. purchased a new position in Groupon during the fourth quarter valued at approximately $35,000. Quarry LP increased its holdings in Groupon by 48.1% during the third quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock valued at $45,000 after buying an additional 629 shares during the period. Raymond James Financial Inc. purchased a new position in Groupon during the second quarter valued at approximately $69,000. Finally, National Bank of Canada FI increased its holdings in Groupon by 172,400.0% during the third quarter. National Bank of Canada FI now owns 3,450 shares of the coupon company’s stock valued at $81,000 after buying an additional 3,448 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.