Groupon, Inc. (NASDAQ:GRPN) Receives $31.83 Average Target Price from Analysts

Groupon, Inc. (NASDAQ:GRPN) has received an average recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $31.83.

A number of brokerages have weighed in on GRPN. JPMorgan Chase & Co. decreased their target price on Groupon from $38.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, December 15th. Ascendiant Capital Markets decreased their target price on Groupon from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, December 23rd. Barclays decreased their target price on Groupon from $30.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, December 10th. Finally, TheStreet raised Groupon from a “d” rating to a “c-” rating in a research report on Friday, November 19th.

Shares of Groupon stock opened at $22.05 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $651.80 million, a P/E ratio of 6.91 and a beta of 2.56. The business has a fifty day simple moving average of $23.69 and a two-hundred day simple moving average of $27.60. Groupon has a 12 month low of $19.00 and a 12 month high of $64.69.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Friday, November 5th. The coupon company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.66. The firm had revenue of $214.20 million during the quarter, compared to analyst estimates of $216.36 million. Groupon had a return on equity of 21.16% and a net margin of 9.50%. Groupon’s quarterly revenue was down 29.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) EPS. Analysts predict that Groupon will post 0.1 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Dark Forest Capital Management LP bought a new position in Groupon in the 3rd quarter worth approximately $25,000. Royal Bank of Canada raised its holdings in shares of Groupon by 12.7% during the 3rd quarter. Royal Bank of Canada now owns 3,370 shares of the coupon company’s stock worth $77,000 after acquiring an additional 381 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Groupon by 750.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,400 shares of the coupon company’s stock worth $78,000 after acquiring an additional 3,000 shares in the last quarter. Schroder Investment Management Group purchased a new stake in shares of Groupon during the 3rd quarter worth approximately $91,000. Finally, Allianz Asset Management GmbH purchased a new stake in shares of Groupon during the 3rd quarter worth approximately $256,000. Institutional investors and hedge funds own 72.02% of the company’s stock.

Groupon Company Profile

Groupon, Inc operates as a global scaled two-sided marketplace that connects consumers to merchants. It operates through the North America and International segments. The company was founded by Andrew D. Mason, Eric Paul Lefkofsky, and Bradley A. Keywell in 2008 and is headquartered in Chicago, IL.

See Also: Equal Weight Rating

Analyst Recommendations for Groupon (NASDAQ:GRPN)

Receive News & Ratings for Groupon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon and related companies with MarketBeat.com's FREE daily email newsletter.