Roth Mkm reaffirmed their buy rating on shares of Groupon (NASDAQ:GRPN – Free Report) in a research note released on Tuesday morning, Benzinga reports. The firm currently has a $28.00 target price on the coupon company’s stock.
Other equities analysts have also recently issued reports about the company. StockNews.com upgraded Groupon from a sell rating to a hold rating in a report on Monday, March 18th. The Goldman Sachs Group increased their target price on Groupon from $5.00 to $7.50 and gave the stock a sell rating in a report on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Groupon currently has a consensus rating of Hold and an average price target of $12.38.
Check Out Our Latest Analysis on GRPN
Groupon Stock Performance
Groupon (NASDAQ:GRPN – Get Free Report) last posted its quarterly earnings results on Friday, March 15th. The coupon company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.51. The business had revenue of $137.72 million for the quarter, compared to the consensus estimate of $136.47 million. On average, equities research analysts forecast that Groupon will post -0.31 EPS for the current year.
Institutional Investors Weigh In On Groupon
A number of institutional investors and hedge funds have recently bought and sold shares of GRPN. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Groupon in the 4th quarter valued at $25,000. Quarry LP purchased a new stake in Groupon in the 2nd quarter valued at $30,000. Tower Research Capital LLC TRC raised its position in Groupon by 634.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,254 shares of the coupon company’s stock valued at $37,000 after buying an additional 5,403 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Groupon in the 1st quarter valued at $50,000. Finally, Quantbot Technologies LP purchased a new stake in Groupon in the 1st quarter valued at $55,000. 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. It serves customers through its mobile applications and websites.
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