Groupon (NASDAQ:GRPN) Price Target Cut to $12.00

Groupon (NASDAQ:GRPN – Get Rating) had its price target reduced by equities research analysts at Barclays from $20.00 to $12.00 in a research note issued on Tuesday, The Fly reports. Barclays‘s price target would indicate a potential downside of 23.37% from the company’s previous close.

A number of other analysts also recently commented on the company. Credit Suisse Group lowered their target price on Groupon from $29.00 to $23.00 in a research note on Tuesday. StockNews.com initiated coverage on Groupon in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Ascendiant Capital Markets lowered their target price on Groupon from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, March 24th. Finally, Wedbush lowered their target price on Groupon from $30.00 to $22.00 in a research note on Wednesday, March 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $23.00.

Groupon stock opened at $15.66 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The company’s 50-day moving average price is $19.10. The stock has a market cap of $468.45 million, a P/E ratio of 4.33 and a beta of 2.11. Groupon has a fifty-two week low of $14.91 and a fifty-two week high of $49.85.

Groupon (NASDAQ:GRPN – Get Rating) last posted its quarterly earnings results on Monday, May 9th. The coupon company reported ($0.80) earnings per share for the quarter, beating the consensus estimate of ($0.86) by $0.06. The business had revenue of $153.30 million for the quarter, compared to the consensus estimate of $165.29 million. Groupon had a return on equity of 9.04% and a net margin of 12.27%. The company’s quarterly revenue was down 41.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. Analysts expect that Groupon will post -0.38 EPS for the current fiscal year.

In other Groupon news, insider Jan Barta purchased 198,930 shares of Groupon stock in a transaction that occurred on Wednesday, April 27th. The stock was bought at an average price of $19.52 per share, with a total value of $3,883,113.60. Following the acquisition, the insider now owns 1,443,352 shares of the company’s stock, valued at approximately $28,174,231.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased a total of 1,061,833 shares of company stock valued at $21,103,685 in the last ninety days. 16.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRPN. Dark Forest Capital Management LP acquired a new position in Groupon in the 3rd quarter worth about $25,000. Advisor Group Holdings Inc. raised its holdings in shares of Groupon by 113.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,444 shares of the coupon company’s stock valued at $55,000 after acquiring an additional 1,300 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Groupon by 12.7% during the third quarter. Royal Bank of Canada now owns 3,370 shares of the coupon company’s stock valued at $77,000 after acquiring an additional 381 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of Groupon during the third quarter valued at approximately $91,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Groupon by 13.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,683 shares of the coupon company’s stock valued at $108,000 after acquiring an additional 560 shares during the last quarter. 87.78% of the stock is owned by institutional investors.

Groupon Company Profile (Get Rating)

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.

Featured Stories