Groupon (NASDAQ:GRPN - Get Rating) had its price target dropped by equities research analysts at Credit Suisse Group from $15.00 to $12.00 in a report issued on Friday, Benzinga reports. The firm currently has a "neutral" rating on the coupon company's stock. Credit Suisse Group's price target would indicate a potential upside of 193.40% from the company's current price.
Separately, StockNews.com assumed coverage on Groupon in a research note on Thursday. They issued a "sell" rating on the stock. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.50.
Groupon Price Performance
GRPN traded down $0.81 during trading on Friday, hitting $4.09. 5,323,657 shares of the stock traded hands, compared to its average volume of 951,345. The business has a 50 day moving average price of $7.54 and a 200 day moving average price of $8.14. The company has a market cap of $124.49 million, a price-to-earnings ratio of -0.52 and a beta of 1.82. Groupon has a twelve month low of $3.85 and a twelve month high of $21.17. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.77 and a quick ratio of 0.77.
In other news, Director Jan Barta acquired 6,716,966 shares of Groupon stock in a transaction that occurred on Tuesday, December 20th. The shares were acquired at an average price of $7.28 per share, for a total transaction of $48,899,512.48. Following the transaction, the director now directly owns 6,716,966 shares of the company's stock, valued at approximately $48,899,512.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.90% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its holdings in Groupon by 303.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,990 shares of the coupon company's stock worth $48,000 after acquiring an additional 4,507 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Groupon during the first quarter worth $50,000. Quantbot Technologies LP bought a new stake in shares of Groupon in the first quarter worth $55,000. Chicago Capital LLC bought a new stake in shares of Groupon in the fourth quarter worth $86,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Groupon by 723.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 12,482 shares of the coupon company's stock valued at $99,000 after purchasing an additional 10,967 shares during the period. Institutional investors own 57.11% of the company's stock.
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.
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