Groupon, Inc. (NASDAQ:GRPN) Given Consensus Rating of “Hold” by Analysts

Groupon, Inc. (NASDAQ:GRPN) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $29.80.

Several equities analysts have recently issued reports on GRPN shares. Wall Street Zen cut Groupon from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Groupon in a research note on Monday. Finally, Zacks Research downgraded shares of Groupon from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th.

Groupon Stock Performance

Shares of NASDAQ:GRPN opened at $17.61 on Friday. The company has a market cap of $717.78 million, a price-to-earnings ratio of -5.05 and a beta of 0.02. The company has a 50-day moving average price of $17.84 and a 200-day moving average price of $24.67. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 4.16. Groupon has a 12 month low of $9.21 and a 12 month high of $43.08.

Groupon (NASDAQ:GRPN) last posted its earnings results on Thursday, November 6th. The coupon company reported ($2.92) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($2.93). The business had revenue of $122.83 million during the quarter, compared to the consensus estimate of $121.99 million. Groupon had a negative return on equity of 717.37% and a negative net margin of 28.52%. As a group, equities analysts anticipate that Groupon will post -0.31 EPS for the current year.

Hedge Funds Weigh In On Groupon

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Groupon in the third quarter worth about $32,000. USA Financial Formulas bought a new position in shares of Groupon in the 2nd quarter worth approximately $57,000. CWM LLC lifted its stake in shares of Groupon by 85.2% in the 3rd quarter. CWM LLC now owns 1,858 shares of the coupon company’s stock valued at $43,000 after purchasing an additional 855 shares during the period. Quarry LP boosted its position in shares of Groupon by 48.1% during the third quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock valued at $45,000 after purchasing an additional 629 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Groupon during the second quarter valued at approximately $69,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Groupon Company Profile

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.