Groupon (NASDAQ:GRPN) Stock Rating Reaffirmed by Roth Mkm

Roth Mkm reissued their buy rating on shares of Groupon (NASDAQ:GRPN) in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a $28.00 price objective on the coupon company’s stock.

GRPN has been the topic of several other reports. The Goldman Sachs Group lifted their target price on Groupon from $5.00 to $7.50 and gave the company a sell rating in a research note on Friday, January 19th. StockNews.com raised shares of Groupon from a sell rating to a hold rating in a research note on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Groupon presently has a consensus rating of Hold and a consensus target price of $12.38.

Groupon Price Performance

Shares of NASDAQ:GRPN opened at $9.51 on Tuesday. The stock has a market cap of $370.60 million, a P/E ratio of -4.98 and a beta of 1.65. Groupon has a 1-year low of $2.89 and a 1-year high of $19.56. The firm has a fifty day moving average price of $14.97 and a 200 day moving average price of $13.28.

Groupon (NASDAQ:GRPN) last announced its earnings results on Friday, March 15th. The coupon company reported $0.29 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.51. The business had revenue of $137.72 million for the quarter, compared to analyst estimates of $136.47 million. Sell-side analysts expect that Groupon will post -0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GRPN. Pale Fire Capital SE grew its stake in shares of Groupon by 4.8% during the 4th 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 period. Vanguard Group Inc. grew its position in Groupon by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,317,007 shares of the coupon company’s stock worth $44,557,000 after buying an additional 17,501 shares during the period. BlackRock Inc. increased its holdings in Groupon by 2.7% in the first quarter. BlackRock Inc. now owns 1,524,378 shares of the coupon company’s stock valued at $6,418,000 after buying an additional 39,742 shares in the last quarter. State Street Corp lifted its position in shares of Groupon by 13.3% during the 2nd quarter. State Street Corp now owns 785,314 shares of the coupon company’s stock valued at $8,874,000 after acquiring an additional 92,374 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Groupon by 1.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 615,858 shares of the coupon company’s stock valued at $3,640,000 after acquiring an additional 5,887 shares during the period. 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.