Brokerages Set Groupon, Inc. (NASDAQ:GRPN) Price Target at $31.25

Groupon, Inc. (NASDAQ:GRPN) has been assigned a consensus recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $31.25.

GRPN has been the subject of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Groupon in a research note on Monday, December 29th. Wall Street Zen cut Groupon from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Zacks Research downgraded Groupon from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th.

Groupon Stock Performance

Groupon stock opened at $14.76 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 4.16. The stock has a market cap of $601.62 million, a PE ratio of -4.23 and a beta of 0.02. Groupon has a 12-month low of $9.21 and a 12-month high of $43.08. The business’s 50-day moving average price is $16.75 and its two-hundred day moving average price is $21.98.

Groupon (NASDAQ:GRPN) last posted its earnings results on Thursday, November 6th. The coupon company reported ($2.92) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($2.93). The company had revenue of $122.83 million during the quarter, compared to the consensus estimate of $121.99 million. Groupon had a negative return on equity of 717.37% and a negative net margin of 28.52%. As a group, analysts expect that Groupon will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of Groupon

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Continental General Insurance Co. raised its holdings in Groupon by 28.3% in the 2nd quarter. Continental General Insurance Co. now owns 2,929,832 shares of the coupon company’s stock valued at $98,003,000 after buying an additional 647,100 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Groupon by 22.2% during the third quarter. Vanguard Group Inc. now owns 2,108,578 shares of the coupon company’s stock valued at $49,235,000 after acquiring an additional 383,277 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Groupon by 59.4% during the second quarter. Marshall Wace LLP now owns 1,167,422 shares of the coupon company’s stock valued at $39,050,000 after acquiring an additional 434,963 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Groupon by 552.5% during the second quarter. Bank of America Corp DE now owns 1,136,524 shares of the coupon company’s stock worth $38,017,000 after purchasing an additional 962,337 shares during the period. Finally, Tyro Capital Management LLC grew its stake in shares of 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 purchasing an additional 69,378 shares during the last quarter. 90.05% of the stock is currently 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.