Roth Capital Issues Positive Forecast for Groupon (NASDAQ:GRPN) Stock Price

Groupon (NASDAQ:GRPN) had its price target boosted by Roth Capital from $33.00 to $47.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the coupon company’s stock.

Other analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Groupon from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 22nd. The Goldman Sachs Group lifted their price target on shares of Groupon from $9.00 to $15.00 and gave the company a “sell” rating in a report on Monday, May 12th. Northland Securities increased their price objective on shares of Groupon from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 3rd. Roth Mkm raised their target price on shares of Groupon from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Finally, Ascendiant Capital Markets lifted 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. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Groupon Stock Performance

Shares of GRPN stock opened at $36.44 on Friday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -38.36 and a beta of 1.04. Groupon has a one year low of $7.75 and a one year high of $41.26. The company’s 50-day simple moving average is $25.86 and its 200-day simple moving average is $17.45. The company has a debt-to-equity ratio of 4.23, a quick ratio of 0.89 and a current ratio of 0.89.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, May 7th. The coupon company reported $0.18 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $117.19 million for the quarter, compared to analysts’ expectations of $115.51 million. Equities analysts anticipate that Groupon will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Groupon

Several hedge funds and other institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System acquired a new stake in shares of Groupon in the 4th quarter worth about $26,000. Rhumbline Advisers grew its position in Groupon by 3.2% in the 4th quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company’s stock worth $410,000 after purchasing an additional 1,030 shares during the last quarter. Bank of New York Mellon Corp grew its position in Groupon by 42.7% in the 4th quarter. Bank of New York Mellon Corp now owns 73,088 shares of the coupon company’s stock worth $888,000 after purchasing an additional 21,859 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Groupon by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company’s stock valued at $2,435,000 after purchasing an additional 1,449 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Groupon during the fourth quarter valued at approximately $2,178,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.