Brokerages Set Groupon, Inc. (NASDAQ:GRPN) PT at $28.00

Groupon, Inc. (NASDAQ:GRPN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $28.00.

Several research analysts have weighed in on GRPN shares. Ascendiant Capital Markets upped their target price on shares of Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Wall Street Zen cut Groupon from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Roth Mkm raised their price objective on Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Roth Capital boosted their target price on Groupon from $33.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Finally, Northland Securities raised their price target on Groupon from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd.

Groupon Stock Down 5.1%

NASDAQ GRPN traded down $1.81 during trading hours on Friday, hitting $33.63. 800,294 shares of the stock were exchanged, compared to its average volume of 1,340,540. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 4.23. Groupon has a 12-month low of $7.75 and a 12-month high of $41.26. The stock has a 50-day moving average of $30.54 and a 200 day moving average of $19.76.

Groupon (NASDAQ:GRPN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The coupon company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.38. Groupon had a negative return on equity of 83.07% and a negative net margin of 8.13%. The firm had revenue of $117.19 million for the quarter, compared to analyst estimates of $115.51 million. Sell-side analysts predict that Groupon will post -0.31 earnings per share for the current year.

Institutional Trading of Groupon

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. acquired a new position in Groupon in the 2nd quarter valued at about $493,000. Range Financial Group LLC acquired a new position in shares of Groupon in the second quarter valued at approximately $1,263,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Groupon by 31.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,606 shares of the coupon company's stock valued at $837,000 after buying an additional 10,588 shares during the period. AQR Capital Management LLC acquired a new stake in Groupon during the first quarter worth approximately $224,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Groupon in the 1st quarter worth approximately $1,800,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

About Groupon

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.