Groupon Inc (NASDAQ:GRPN) Receives $3.28 Consensus Target Price from Analysts

Shares of Groupon Inc (NASDAQ:GRPN) have earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $3.28.

A number of research firms have issued reports on GRPN. JPMorgan Chase & Co. lowered shares of Groupon from a “neutral” rating to an “underweight” rating and set a $3.00 target price on the stock. in a report on Wednesday, November 6th. Wedbush set a $3.50 target price on shares of Groupon and gave the stock a “hold” rating in a report on Friday, September 27th. Goldman Sachs Group lowered shares of Groupon from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $3.20 to $2.40 in a report on Tuesday, December 17th. Ascendiant Capital Markets reduced their target price on shares of Groupon from $4.25 to $3.25 and set a “buy” rating on the stock in a report on Monday, December 23rd. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of Groupon from a “sell” rating to a “hold” rating in a report on Friday.

In other news, Director Eric P. Lefkofsky sold 750,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $2.82, for a total value of $2,115,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 15.50% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Groupon in the 2nd quarter valued at $25,000. CSat Investment Advisory L.P. purchased a new position in Groupon during the 2nd quarter worth $61,000. Tower Research Capital LLC TRC grew its position in Groupon by 1,594.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 18,637 shares of the coupon company’s stock worth $67,000 after purchasing an additional 17,537 shares during the last quarter. Baxter Bros Inc. purchased a new position in Groupon during the 4th quarter worth $165,000. Finally, Graybill Bartz & Assoc Ltd. purchased a new position in Groupon during the 3rd quarter worth $63,000. Institutional investors and hedge funds own 69.78% of the company’s stock.

NASDAQ:GRPN opened at $2.64 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $1.41 billion, a P/E ratio of 29.28 and a beta of 1.30. The company has a 50 day moving average price of $2.57 and a 200 day moving average price of $2.84. Groupon has a fifty-two week low of $2.17 and a fifty-two week high of $3.98.

Groupon (NASDAQ:GRPN) last released its earnings results on Monday, November 4th. The coupon company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. The company had revenue of $495.60 million for the quarter, compared to analyst estimates of $523.71 million. Groupon had a negative net margin of 2.21% and a positive return on equity of 9.21%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.08 EPS. Research analysts forecast that Groupon will post 0.09 earnings per share for the current fiscal year.

About Groupon

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.

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Analyst Recommendations for Groupon (NASDAQ:GRPN)

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