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

Shares of Groupon, Inc. (NASDAQ:GRPN) have been assigned an average recommendation of “Hold” from the five analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $33.6667.

Several equities research analysts have recently commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Groupon in a report on Monday, December 29th. The Goldman Sachs Group cut their target price on Groupon from $17.00 to $10.00 and set a “sell” rating on the stock in a report on Thursday, March 12th.

Groupon Price Performance

GRPN stock opened at $10.60 on Wednesday. The stock has a market capitalization of $431.84 million, a PE ratio of -5.00 and a beta of -0.02. The company’s 50-day moving average is $13.09 and its 200-day moving average is $17.12. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.98 and a quick ratio of 0.98. Groupon has a 1 year low of $9.17 and a 1 year high of $43.08.

Groupon (NASDAQ:GRPN) last issued its earnings results on Tuesday, March 10th. The coupon company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Groupon had a negative net margin of 16.76% and a negative return on equity of 717.37%. The firm had revenue of $132.71 million during the quarter, compared to the consensus estimate of $137.34 million. Equities research analysts expect that Groupon will post -0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Groupon during the third quarter worth about $32,000. Johnson Financial Group Inc. bought a new position in Groupon in the 4th quarter valued at about $35,000. CWM LLC boosted its stake in Groupon by 85.2% during the 3rd quarter. CWM LLC now owns 1,858 shares of the coupon company’s stock valued at $43,000 after purchasing an additional 855 shares during the last quarter. Quarry LP boosted its stake in Groupon by 48.1% during the 3rd quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock valued at $45,000 after purchasing an additional 629 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new stake in Groupon during the 3rd quarter worth approximately $53,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.