Groupon (NASDAQ:GRPN) Upgraded by StockNews.com to Hold

Groupon (NASDAQ:GRPN) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts also recently issued research reports about the stock. Roth Mkm began coverage on shares of Groupon in a research report on Thursday, October 12th. They issued a “buy” rating and a $30.00 price objective for the company. Barclays raised their price objective on shares of Groupon from $4.00 to $6.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. The Goldman Sachs Group raised their price objective on shares of Groupon from $4.00 to $5.00 and gave the company a “sell” rating in a research report on Tuesday. Finally, Credit Suisse Group raised their price objective on shares of Groupon from $3.40 to $8.00 and gave the company a “neutral” rating in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.25.

Groupon Stock Performance

Shares of GRPN opened at $9.54 on Friday. The company has a market capitalization of $303.69 million, a price-to-earnings ratio of -2.12 and a beta of 1.60. Groupon has a fifty-two week low of $2.89 and a fifty-two week high of $16.25. The firm has a 50-day simple moving average of $12.40 and a 200-day simple moving average of $8.84.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Groupon by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 2,317,007 shares of the coupon company’s stock worth $44,557,000 after purchasing an additional 17,501 shares in the last quarter. BlackRock Inc. increased its stake in shares of Groupon by 2.7% during the 1st quarter. BlackRock Inc. now owns 1,524,378 shares of the coupon company’s stock worth $6,418,000 after purchasing an additional 39,742 shares in the last quarter. State Street Corp increased its stake 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 worth $8,874,000 after purchasing an additional 92,374 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 worth $3,640,000 after purchasing an additional 5,887 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Groupon by 170.8% during the 1st quarter. Federated Hermes Inc. now owns 542,552 shares of the coupon company’s stock worth $10,433,000 after purchasing an additional 342,198 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

About Groupon

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.