Groupon, Inc. (NASDAQ:GRPN) Receives $19.50 Consensus PT from Brokerages

Groupon, Inc. (NASDAQ:GRPN) has earned an average recommendation of “Hold” from the five ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $19.50.

A number of equities analysts have recently weighed in on GRPN shares. The Goldman Sachs Group reissued a “sell” rating and set a $13.00 price target (up from $10.00) on shares of Groupon in a research report on Tuesday, May 12th. Northland Securities set a $26.00 price objective on shares of Groupon in a research report on Wednesday, May 27th. Wall Street Zen downgraded Groupon from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Citigroup reiterated an “outperform” rating on shares of Groupon in a report on Tuesday, June 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Groupon in a research note on Tuesday, June 9th.

Groupon Price Performance

Shares of NASDAQ:GRPN opened at $25.42 on Tuesday. The company has a market capitalization of $965.45 million, a price-to-earnings ratio of -9.74 and a beta of 0.23. The firm’s 50 day simple moving average is $21.15 and its 200 day simple moving average is $16.28. Groupon has a fifty-two week low of $9.17 and a fifty-two week high of $43.08.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Thursday, May 7th. The coupon company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). The company had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $117.65 million. Equities research analysts expect that Groupon will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On Groupon

Several institutional investors have recently modified their holdings of the business. Versant Capital Management Inc grew its holdings in shares of Groupon by 92.7% during the second quarter. Versant Capital Management Inc now owns 1,299 shares of the coupon company’s stock worth $31,000 after buying an additional 625 shares in the last quarter. Quarry LP lifted its stake in Groupon by 48.1% in the 3rd quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock valued at $45,000 after acquiring an additional 629 shares in the last quarter. Royal Bank of Canada lifted its stake in Groupon by 10.6% in the 1st quarter. Royal Bank of Canada now owns 7,618 shares of the coupon company’s stock valued at $90,000 after acquiring an additional 731 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Groupon in the 3rd quarter valued at approximately $32,000. Finally, Franklin Resources Inc. boosted its position in Groupon by 6.9% during the 4th quarter. Franklin Resources Inc. now owns 21,340 shares of the coupon company’s stock worth $376,000 after acquiring an additional 1,377 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

About Groupon

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.