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

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

GRPN has been the subject of a number of analyst reports. Northland Securities increased 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. Roth Mkm lifted their price objective on Groupon from $21.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Ascendiant Capital Markets raised their target price on Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Wall Street Zen downgraded Groupon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Roth Capital lifted their price target on Groupon from $33.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, June 20th.

Institutional Trading of Groupon

Hedge funds have recently bought and sold shares of the company. Picton Mahoney Asset Management lifted its position in Groupon by 68.2% in the fourth quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company's stock valued at $30,000 after purchasing an additional 992 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Groupon in the fourth quarter valued at approximately $41,000. Amundi lifted its position in Groupon by 35.5% in the fourth quarter. Amundi now owns 3,838 shares of the coupon company's stock valued at $47,000 after purchasing an additional 1,006 shares during the last quarter. AlphaQuest LLC increased its stake in shares of Groupon by 383.5% during the first quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company's stock valued at $70,000 after buying an additional 2,949 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Groupon by 115.6% during the fourth quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company's stock valued at $128,000 after buying an additional 78,423 shares during the period. Institutional investors own 90.05% of the company's stock.

Groupon Stock Up 0.8%

Shares of GRPN traded up $0.27 during trading hours on Friday, reaching $33.90. The stock had a trading volume of 648,085 shares, compared to its average volume of 1,452,626. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -35.68 and a beta of 1.08. The firm has a 50-day simple moving average of $30.86 and a 200 day simple moving average of $20.02. Groupon has a 12 month low of $7.75 and a 12 month high of $41.26. 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 (NASDAQ:GRPN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The coupon company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.38. The business had revenue of $117.19 million during the quarter, compared to analyst estimates of $115.51 million. Groupon had a negative return on equity of 83.07% and a negative net margin of 8.13%. Equities research analysts predict that Groupon will post -0.31 earnings per share for the current fiscal year.

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.