Groupon (NASDAQ:GRPN) Upgraded at ValuEngine

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Groupon (NASDAQ:GRPN) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report released on Tuesday, ValuEngine reports.

Several other equities research analysts have also recently issued reports on the stock. DA Davidson set a $5.00 price objective on shares of Groupon and gave the company a “buy” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. cut shares of Groupon from a “neutral” rating to an “underweight” rating and set a $3.00 price objective on the stock. in a research report on Wednesday, November 6th. BidaskClub upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Wedbush set a $3.50 price target on shares of Groupon and gave the stock a “hold” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $3.70.

Groupon stock opened at $2.80 on Tuesday. The stock has a market cap of $1.63 billion, a P/E ratio of 31.11 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.02 and a quick ratio of 1.02. Groupon has a 1 year low of $2.31 and a 1 year high of $3.98. The firm’s 50 day moving average price is $2.91 and its 200-day moving average price is $3.05.

Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Monday, November 4th. The coupon company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $495.60 million for the quarter, compared to analysts’ expectations of $523.71 million. Groupon had a negative net margin of 2.21% and a positive return on equity of 9.21%. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 earnings per share. As a group, equities analysts expect that Groupon will post 0.09 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in GRPN. Nuveen Asset Management LLC bought a new stake in Groupon in the second quarter worth $66,614,000. Renaissance Technologies LLC bought a new stake in Groupon in the second quarter worth $14,340,000. SG Americas Securities LLC increased its position in Groupon by 5,244.5% in the second quarter. SG Americas Securities LLC now owns 4,019,730 shares of the coupon company’s stock worth $14,391,000 after purchasing an additional 3,944,518 shares during the last quarter. Par Capital Management Inc. increased its position in Groupon by 3.7% in the second quarter. Par Capital Management Inc. now owns 56,645,000 shares of the coupon company’s stock worth $202,789,000 after purchasing an additional 2,000,000 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Groupon by 9.3% in the third quarter. First Trust Advisors LP now owns 22,871,349 shares of the coupon company’s stock worth $60,838,000 after purchasing an additional 1,955,452 shares during the last quarter. Institutional investors own 69.92% of the company’s stock.

About Groupon

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.

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