Groupon (NASDAQ:GRPN) Earns "Buy" Rating from Roth Mkm

Roth Mkm reissued their buy rating on shares of Groupon (NASDAQ:GRPN - Free Report) in a research report report published on Tuesday, Benzinga reports. Roth Mkm currently has a $28.00 target price on the coupon company's stock.

GRPN has been the subject of a number of other reports. StockNews.com upgraded Groupon from a sell rating to a hold rating in a research report on Monday, March 18th. The Goldman Sachs Group raised their price target on Groupon from $5.00 to $7.50 and gave the stock a sell rating in a research report on Friday, January 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $12.38.

Groupon Trading Up 8.1 %

Shares of GRPN stock traded up $0.81 on Tuesday, reaching $10.81. The company's stock had a trading volume of 1,753,432 shares, compared to its average volume of 1,179,974. The stock's fifty day simple moving average is $15.36 and its 200-day simple moving average is $13.37. Groupon has a 1 year low of $2.89 and a 1 year high of $19.56. The company has a market capitalization of $421.27 million, a price-to-earnings ratio of -5.66 and a beta of 1.65.

Groupon (NASDAQ:GRPN - Get Free Report) last posted its earnings results on Friday, March 15th. The coupon company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of ($0.22) by $0.51. The business had revenue of $137.72 million during the quarter, compared to analysts' expectations of $136.47 million. Equities research analysts forecast 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 GRPN. Swiss National Bank lifted its position in shares of Groupon by 7.6% during the first quarter. Swiss National Bank now owns 59,478 shares of the coupon company's stock worth $1,144,000 after purchasing an additional 4,200 shares during the last quarter. Raymond James & Associates bought a new stake in shares of Groupon during the first quarter worth $273,000. Bank of Montreal Can bought a new stake in shares of Groupon during the first quarter worth $414,000. MetLife Investment Management LLC lifted its position in shares of Groupon by 45.7% during the first quarter. MetLife Investment Management LLC now owns 14,560 shares of the coupon company's stock worth $280,000 after purchasing an additional 4,568 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Groupon during the first quarter worth $6,673,000. 90.05% of the stock is currently owned by institutional investors.

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.