Groupon, Inc. (NASDAQ:GRPN – Get Rating) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $21.60.
GRPN has been the subject of a number of recent analyst reports. Barclays dropped their price target on shares of Groupon from $20.00 to $12.00 and set an “underweight” rating for the company in a research report on Tuesday, May 10th. Wedbush dropped their price target on shares of Groupon from $22.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, May 10th. StockNews.com assumed coverage on shares of Groupon in a research report on Thursday, March 31st. They set a “hold” rating for the company. Credit Suisse Group dropped their target price on shares of Groupon from $29.00 to $23.00 in a research report on Tuesday, May 10th. Finally, Ascendiant Capital Markets dropped their target price on shares of Groupon from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, March 24th.
Shares of GRPN stock opened at $14.12 on Tuesday. Groupon has a 12 month low of $12.66 and a 12 month high of $49.19. The stock has a market cap of $423.04 million, a P/E ratio of 7.17 and a beta of 2.11. The company has a current ratio of 0.88, a quick ratio of 0.93 and a debt-to-equity ratio of 1.21. The company has a 50 day simple moving average of $18.70 and a two-hundred day simple moving average of $21.81.
Groupon (NASDAQ:GRPN – Get Rating) last posted its quarterly earnings results on Monday, May 9th. The coupon company reported ($0.80) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.06. The business had revenue of $153.30 million during the quarter, compared to analyst estimates of $165.29 million. Groupon had a net margin of 8.09% and a negative return on equity of 13.88%. The company’s revenue was down 41.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. As a group, equities analysts forecast that Groupon will post -0.38 earnings per share for the current year.
In other Groupon news, major shareholder Jan Barta acquired 561,677 shares of the stock in a transaction on Monday, May 9th. The stock was acquired at an average price of $15.03 per share, for a total transaction of $8,442,005.31. Following the completion of the transaction, the insider now directly owns 1,800,698 shares of the company’s stock, valued at $27,064,490.94. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 1,783,510 shares of company stock valued at $31,726,491 in the last quarter. 16.20% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in GRPN. Morgan Stanley raised its stake in shares of Groupon by 410.1% in the second quarter. Morgan Stanley now owns 1,023,796 shares of the coupon company’s stock valued at $44,187,000 after acquiring an additional 823,102 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Groupon in the third quarter valued at $270,000. Rafferty Asset Management LLC raised its stake in shares of Groupon by 99.5% in the third quarter. Rafferty Asset Management LLC now owns 43,619 shares of the coupon company’s stock valued at $995,000 after acquiring an additional 21,760 shares during the period. Citigroup Inc. raised its stake in shares of Groupon by 55.2% in the third quarter. Citigroup Inc. now owns 39,227 shares of the coupon company’s stock valued at $895,000 after acquiring an additional 13,956 shares during the period. Finally, Allianz Asset Management GmbH purchased a new stake in shares of Groupon in the third quarter valued at $256,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.
Groupon Company Profile (Get Rating)
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; and first-party goods inventory. It serves customers through its mobile applications and websites.