Groupon, Inc. (NASDAQ:GRPN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Groupon, Inc. (NASDAQ:GRPN) have received an average rating of “Hold” from the six research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $14.30.

GRPN has been the subject of several research analyst reports. Northland Capmk upgraded Groupon to a “strong-buy” rating in a research report on Wednesday, July 10th. Roth Mkm restated a “buy” rating and set a $28.00 price target on shares of Groupon in a research report on Tuesday, April 16th. Finally, Northland Securities initiated coverage on Groupon in a research note on Wednesday, July 10th. They issued an “outperform” rating and a $22.00 price objective on the stock.

Groupon Trading Up 7.8 %

Shares of Groupon stock opened at $17.98 on Wednesday. Groupon has a fifty-two week low of $6.06 and a fifty-two week high of $19.56. The stock has a 50 day moving average of $15.25 and a 200 day moving average of $14.40. The firm has a market capitalization of $710.93 million, a price-to-earnings ratio of -13.94 and a beta of 1.83. The company has a debt-to-equity ratio of 5.48, a quick ratio of 0.93 and a current ratio of 0.93.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Thursday, May 9th. The coupon company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.19. The firm had revenue of $123.08 million for the quarter, compared to analysts’ expectations of $118.37 million. During the same quarter in the prior year, the business earned ($0.70) earnings per share. As a group, research analysts predict that Groupon will post 0.02 earnings per share for the current year.

Hedge Funds Weigh In On Groupon

Several hedge funds have recently made changes to their positions in GRPN. Wolf Hill Capital Management LP purchased a new position in shares of Groupon during the first quarter worth about $17,897,000. Pale Fire Capital SE grew its holdings in shares of Groupon by 4.8% during the fourth 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 during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Groupon during the first quarter worth about $711,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Groupon during the first quarter worth about $575,000. Finally, Swiss National Bank purchased a new position in shares of Groupon during the fourth quarter worth about $475,000. 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.