Groupon (NASDAQ:GRPN) Trading Up 5.2% After Analyst Upgrade

Groupon, Inc. (NASDAQ:GRPN)’s stock price was up 5.2% during mid-day trading on Friday after Roth Capital raised their price target on the stock from $33.00 to $47.00. Roth Capital currently has a buy rating on the stock. Groupon traded as high as $41.26 and last traded at $38.96. Approximately 803,131 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 1,501,549 shares. The stock had previously closed at $37.03.

A number of other research analysts have also recently issued reports on GRPN. Northland Securities boosted their target price on Groupon from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, June 3rd. The Goldman Sachs Group boosted their target price on Groupon from $9.00 to $15.00 and gave the company a “sell” rating in a research note on Monday, May 12th. Ascendiant Capital Markets boosted their target price on Groupon from $14.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, March 17th. Wall Street Zen cut Groupon from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 22nd. Finally, Roth Mkm upped their price objective on Groupon from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $28.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Continental General Insurance Co. acquired a new position in shares of Groupon during the first quarter worth about $42,847,000. Tyro Capital Management LLC bought a new stake in Groupon during the fourth quarter worth about $20,964,000. Prentice Capital Management LP raised its holdings in Groupon by 291.3% during the fourth quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company’s stock worth $9,498,000 after acquiring an additional 581,943 shares in the last quarter. Invesco Ltd. raised its holdings in Groupon by 351.8% during the first quarter. Invesco Ltd. now owns 261,447 shares of the coupon company’s stock worth $4,907,000 after acquiring an additional 203,585 shares in the last quarter. Finally, Prospect Capital Advisors LLC bought a new stake in Groupon during the fourth quarter worth about $2,935,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Groupon Stock Down 1.6%

The firm has a market cap of $1.45 billion, a P/E ratio of -38.36 and a beta of 1.04. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 4.23. The firm has a fifty day moving average of $25.86 and a 200-day moving average of $17.45.

Groupon (NASDAQ:GRPN) last released its earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.38. Groupon had a negative return on equity of 83.07% and a negative net margin of 8.13%. The business had revenue of $117.19 million for the quarter, compared to analyst estimates of $115.51 million. On average, equities research analysts anticipate that Groupon, Inc. will post -0.31 earnings per share for the current year.

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.