Groupon, Inc. (NASDAQ:GRPN) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Groupon, Inc. has received a consensus rating of "Moderate Buy" from analysts, with one sell rating and four buy ratings among five brokerages.
• The average 12-month price target for Groupon is $29.80, indicating potential upside from its current trading price of $22.33.
• Despite a recent drop of 2.0% in stock price, the company reported earnings of $0.46 per share, surpassing estimates, and generated revenue of $125.70 million for the last quarter.

Groupon, Inc. (NASDAQ:GRPN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five brokerages that are presently covering the firm, MarketBeat reports. One 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 brokers that have issued a report on the stock in the last year is $29.80.

GRPN has been the subject of a number of recent research reports. Wall Street Zen downgraded Groupon from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 5th. Northland Securities raised their target price on Groupon from $39.00 to $44.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. UBS Group initiated coverage on Groupon in a research note on Thursday, August 7th. They issued a "mixed" rating for the company. Finally, Roth Capital raised their target price on Groupon from $33.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, June 20th.

Groupon Trading Down 2.0%

Groupon stock opened at $22.33 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 4.16. Groupon has a 12 month low of $7.75 and a 12 month high of $43.08. The stock's 50 day simple moving average is $28.02 and its two-hundred day simple moving average is $25.99. The firm has a market cap of $902.71 million, a PE ratio of -93.04 and a beta of 0.68.

Groupon (NASDAQ:GRPN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The coupon company reported $0.46 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.48. Groupon had a negative return on equity of 19.61% and a negative net margin of 1.89%.The firm had revenue of $125.70 million during the quarter, compared to the consensus estimate of $122.46 million. Analysts anticipate that Groupon will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On Groupon

A number of hedge funds have recently modified their holdings of the business. Advisory Services Network LLC purchased a new position in shares of Groupon during the 2nd quarter worth $604,000. State of Wyoming purchased a new position in shares of Groupon during the 2nd quarter worth $132,000. Nomura Holdings Inc. purchased a new position in shares of Groupon during the 2nd quarter worth $1,892,000. CANADA LIFE ASSURANCE Co purchased a new position in shares of Groupon during the 2nd quarter worth $110,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Groupon by 386.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,547 shares of the coupon company's stock worth $85,000 after purchasing an additional 2,023 shares during the period. 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.

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