Groupon, Inc. (NASDAQ:GRPN – Get Rating) has received an average rating of "Hold" from the eight brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $16.67.
GRPN has been the subject of several recent research reports. The Goldman Sachs Group cut their price target on Groupon from $12.10 to $11.00 and set a "sell" rating for the company in a report on Friday, July 15th. TheStreet lowered Groupon from a "c-" rating to a "d+" rating in a report on Tuesday, June 14th. Ascendiant Capital Markets cut their price target on Groupon to $18.00 in a report on Thursday. StockNews.com lowered Groupon from a "hold" rating to a "sell" rating in a report on Wednesday, August 17th. Finally, Barclays lowered their price objective on Groupon from $12.00 to $10.00 and set an "underweight" rating on the stock in a research report on Wednesday, August 10th.
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Insider Activity
In other Groupon news, major shareholder Maple Rock Capital Partners In bought 171,851 shares of the business's stock in a transaction dated Tuesday, June 21st. The shares were purchased at an average price of $15.41 per share, with a total value of $2,648,223.91. Following the completion of the purchase, the insider now owns 2,626,700 shares in the company, valued at approximately $40,477,447. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 15.90% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Point72 Hong Kong Ltd bought a new position in shares of Groupon during the first quarter valued at approximately $50,000. Advisor Group Holdings Inc. grew its stake in Groupon by 113.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,444 shares of the coupon company's stock worth $55,000 after purchasing an additional 1,300 shares in the last quarter. Quantbot Technologies LP bought a new position in Groupon in the first quarter worth approximately $55,000. Amalgamated Bank bought a new position in Groupon in the first quarter worth approximately $71,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in Groupon in the first quarter worth approximately $91,000. Institutional investors own 85.90% of the company's stock.
Groupon Stock Down 3.6 %
Shares of Groupon stock opened at $10.73 on Monday. The company has a market cap of $324.84 million, a price-to-earnings ratio of -11.29 and a beta of 2.05. The company's 50 day moving average is $11.18 and its 200 day moving average is $14.70. Groupon has a twelve month low of $8.78 and a twelve month high of $31.15. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.84.
Groupon (NASDAQ:GRPN – Get Rating) last issued its quarterly earnings data on Monday, August 8th. The coupon company reported ($0.34) earnings per share for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.10). The company had revenue of $153.20 million for the quarter, compared to the consensus estimate of $156.82 million. Groupon had a negative net margin of 2.50% and a negative return on equity of 24.63%. The firm's revenue for the quarter was down 42.4% on a year-over-year basis. During the same quarter last year, the company earned $0.08 EPS. Research analysts anticipate that Groupon will post -2.24 EPS for the current year.
Groupon Company Profile
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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; and first-party goods inventory. It serves customers through its mobile applications and websites.
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