Groupon (NASDAQ:GRPN) Stock Rating Reaffirmed by Roth Mkm

Groupon (NASDAQ:GRPN)‘s stock had its “buy” rating reissued by equities research analysts at Roth Mkm in a research report issued on Tuesday, Benzinga reports. They currently have a $28.00 target price on the coupon company’s stock. Roth Mkm’s price target suggests a potential upside of 186.59% from the company’s current price.

Several other analysts have also recently issued reports on the company. The Goldman Sachs Group lifted their target price on Groupon from $5.00 to $7.50 and gave the company a “sell” rating in a report on Friday, January 19th. StockNews.com upgraded shares of Groupon from a “sell” rating to a “hold” rating in a report on Monday, March 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.38.

Groupon Price Performance

Shares of NASDAQ:GRPN opened at $9.77 on Tuesday. The firm has a market capitalization of $380.74 million, a PE ratio of -5.12 and a beta of 1.65. Groupon has a 1 year low of $2.89 and a 1 year high of $19.56. The firm’s 50-day moving average is $15.23 and its two-hundred day moving average is $13.34.

Groupon (NASDAQ:GRPN) last announced its earnings results on Friday, March 15th. The coupon company reported $0.29 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.51. The business had revenue of $137.72 million for the quarter, compared to analysts’ expectations of $136.47 million. Analysts expect that Groupon will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Groupon

Institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Groupon during the 4th quarter worth approximately $25,000. Quarry LP acquired a new position in shares of Groupon in the second quarter worth $30,000. Tower Research Capital LLC TRC lifted its position in shares of Groupon by 634.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,254 shares of the coupon company’s stock valued at $37,000 after acquiring an additional 5,403 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Groupon during the first quarter valued at $50,000. Finally, Quantbot Technologies LP acquired a new position in Groupon in the 1st quarter valued at about $55,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Groupon Company Profile

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. It serves customers through its mobile applications and websites.