Groupon, Inc. (NASDAQ:GRPN) Receives $19.50 Average Price Target from Brokerages

Shares of Groupon, Inc. (NASDAQ:GRPN) have received an average rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $19.50.

GRPN has been the topic of a number of recent analyst reports. Northland Securities set a $26.00 price target on Groupon in a report on Wednesday, May 27th. Citigroup reissued an “outperform” rating on shares of Groupon in a report on Tuesday, June 9th. The Goldman Sachs Group reissued a “sell” rating and set a $13.00 price target (up from $10.00) on shares of Groupon in a report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Groupon in a report on Tuesday, June 9th. Finally, Wall Street Zen cut Groupon from a “hold” rating to a “sell” rating in a report on Saturday, May 9th.

Groupon Stock Up 1.9%

NASDAQ:GRPN opened at $24.06 on Friday. The business’s 50-day simple moving average is $17.58 and its two-hundred day simple moving average is $15.19. The stock has a market cap of $913.80 million, a PE ratio of -9.22 and a beta of 0.25. Groupon has a 52 week low of $9.17 and a 52 week high of $43.08.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Thursday, May 7th. The coupon company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). The business had revenue of $117.20 million for the quarter, compared to the consensus estimate of $117.65 million. Groupon had a negative net margin of 20.78% and a negative return on equity of 717.37%. Sell-side analysts anticipate that Groupon will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Groupon

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Groupon in the third quarter worth about $2,263,000. Generali Investments CEE investicni spolecnost a.s. grew its position in Groupon by 147.7% in the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 528,089 shares of the coupon company’s stock worth $9,300,000 after acquiring an additional 314,896 shares in the last quarter. SG Americas Securities LLC grew its position in Groupon by 764.9% in the fourth quarter. SG Americas Securities LLC now owns 197,546 shares of the coupon company’s stock worth $3,479,000 after acquiring an additional 174,705 shares in the last quarter. Potomac Capital Management Inc. purchased a new position in Groupon in the fourth quarter worth about $2,633,000. Finally, Tyro Capital Management LLC grew its position in Groupon by 6.8% in the third quarter. Tyro Capital Management LLC now owns 1,091,095 shares of the coupon company’s stock worth $25,477,000 after acquiring an additional 69,378 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

About Groupon

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.