Northland Securities Boosts Groupon (NASDAQ:GRPN) Price Target to $44.00

Key Points

• Northland Securities has raised its price target for Groupon (NASDAQ:GRPN) from $39.00 to $44.00, indicating a potential upside of 37.56% from its previous close.
• Despite the price target increase, Groupon shares are currently trading down by 3.0%, reaching $31.99 during Monday's trading session.
• Institutional investors hold about 90.05% of Groupon's stock, reflecting growing interest as several hedge funds have recently increased their stakes in the company.

Groupon (NASDAQ:GRPN - Get Free Report) had its price target boosted by equities research analysts at Northland Securities from $39.00 to $44.00 in a report released on Monday,Benzinga reports. The firm presently has an "outperform" rating on the coupon company's stock. Northland Securities' price objective indicates a potential upside of 37.56% from the stock's previous close.

GRPN has been the subject of several other reports. Roth Capital lifted their target price on shares of Groupon from $33.00 to $47.00 and gave the company a "buy" rating in a report on Friday, June 20th. Wall Street Zen upgraded shares of Groupon from a "buy" rating to a "strong-buy" rating in a report on Saturday. The Goldman Sachs Group lifted their target price on shares of Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a report on Monday, May 12th. UBS Group began coverage on shares of Groupon in a report on Thursday. They set a "mixed" rating for the company. Finally, Roth Mkm lifted their target price on shares of Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $29.80.

Groupon Trading Down 3.0%

Shares of Groupon stock traded down $0.99 during trading on Monday, reaching $31.99. 1,351,468 shares of the stock were exchanged, compared to its average volume of 1,478,846. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.16. The stock's fifty day moving average is $33.81 and its 200 day moving average is $22.96. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -133.30 and a beta of 1.15. Groupon has a 1 year low of $7.75 and a 1 year high of $43.08.

Groupon (NASDAQ:GRPN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The coupon company reported $0.46 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.48. Groupon had a negative net margin of 1.89% and a negative return on equity of 19.61%. The business had revenue of $125.70 million during the quarter, compared to analyst estimates of $122.46 million. As a group, equities research analysts expect that Groupon will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Groupon

Several institutional investors and hedge funds have recently made changes to their positions in GRPN. Continental General Insurance Co. bought a new stake in Groupon in the 1st quarter worth approximately $42,847,000. Tyro Capital Management LLC bought a new stake in shares of Groupon during the 4th quarter valued at $20,964,000. Prentice Capital Management LP grew its position in shares of Groupon by 291.3% during the 4th quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company's stock valued at $9,498,000 after acquiring an additional 581,943 shares during the period. Geode Capital Management LLC grew its position in shares of Groupon by 5.6% during the 2nd quarter. Geode Capital Management LLC now owns 612,592 shares of the coupon company's stock valued at $20,493,000 after acquiring an additional 32,377 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Groupon by 229.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 494,865 shares of the coupon company's stock valued at $16,553,000 after acquiring an additional 344,761 shares during the period. Institutional investors own 90.05% of the company's stock.

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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