Groupon, Inc. (NASDAQ:GRPN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Groupon, Inc. (NASDAQ:GRPN) has been assigned an average rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $29.80.

Several analysts have issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Groupon from $9.00 to $15.00 and gave the company a “sell” rating in a research note on Monday, May 12th. Northland Securities boosted their price target on shares of Groupon from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Wall Street Zen upgraded shares of Groupon from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. UBS Group initiated coverage on shares of Groupon in a report on Thursday, August 7th. They set a “mixed” rating on the stock. Finally, Roth Capital boosted their price target on shares of Groupon from $33.00 to $47.00 and gave the company a “buy” rating in a report on Friday, June 20th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in Groupon during the 2nd quarter worth $604,000. State of Wyoming bought a new stake in shares of Groupon in the second quarter valued at about $132,000. Nomura Holdings Inc. bought a new stake in shares of Groupon in the second quarter valued at about $1,892,000. CANADA LIFE ASSURANCE Co bought a new stake in shares of Groupon in the second quarter valued at about $110,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Groupon by 386.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,547 shares of the coupon company’s stock valued at $85,000 after buying an additional 2,023 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Groupon Price Performance

Shares of NASDAQ:GRPN opened at $26.10 on Friday. Groupon has a 12 month low of $7.75 and a 12 month high of $43.08. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -108.75 and a beta of 1.15. The stock’s 50 day moving average price is $32.06 and its 200 day moving average price is $24.55. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.96 and a quick ratio of 0.96.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Wednesday, August 6th. The coupon company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.48. The company had revenue of $125.70 million for the quarter, compared to analysts’ expectations of $122.46 million. Groupon had a negative return on equity of 19.61% and a negative net margin of 1.89%. Equities research analysts anticipate that Groupon will post -0.31 earnings per share for the current fiscal year.

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.