Groupon, Inc. (NASDAQ:GRPN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Groupon, Inc. (NASDAQ:GRPN) have earned an average recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $31.25.

A number of analysts recently commented on the stock. Wall Street Zen downgraded shares of Groupon from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Groupon in a research note on Monday, December 29th. Finally, Zacks Research downgraded Groupon from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th.

Institutional Trading of Groupon

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in Groupon during the 1st quarter valued at approximately $224,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Groupon by 31.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,606 shares of the coupon company’s stock worth $837,000 after acquiring an additional 10,588 shares during the last quarter. Bank of Montreal Can bought a new position in Groupon during the 2nd quarter worth $237,000. Los Angeles Capital Management LLC bought a new position in shares of Groupon during the second quarter worth about $951,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Groupon by 229.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 494,865 shares of the coupon company’s stock valued at $16,553,000 after buying an additional 344,761 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Groupon Price Performance

Shares of NASDAQ GRPN opened at $13.06 on Friday. The stock has a market cap of $532.33 million, a P/E ratio of -3.74 and a beta of -0.01. Groupon has a twelve month low of $9.21 and a twelve month high of $43.08. The stock has a 50 day moving average of $15.48 and a two-hundred day moving average of $19.80. 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 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.