Wall Street Zen Downgrades Groupon (NASDAQ:GRPN) to Buy

Wall Street Zen downgraded shares of Groupon (NASDAQ:GRPN - Free Report) from a strong-buy rating to a buy rating in a report issued on Thursday morning.

A number of other brokerages also recently weighed in on GRPN. Roth Mkm increased their price target on Groupon from $21.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. The Goldman Sachs Group lifted their target price on Groupon from $9.00 to $15.00 and gave the stock a "sell" rating in a report on Monday, May 12th. Finally, Ascendiant Capital Markets increased their price target on Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Groupon currently has an average rating of "Moderate Buy" and an average price target of $18.75.

Groupon Trading Up 5.4%

Shares of Groupon stock traded up $1.46 during trading on Thursday, hitting $28.21. The company's stock had a trading volume of 639,125 shares, compared to its average volume of 1,506,165. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 55.32 and a beta of 0.83. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. Groupon has a 52 week low of $7.75 and a 52 week high of $28.48. The stock has a 50-day moving average price of $20.18 and a two-hundred day moving average price of $14.44.

Groupon (NASDAQ:GRPN - Get Free Report) last released its earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share 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 the consensus estimate of $115.51 million. Groupon had a net margin of 3.87% and a return on equity of 91.94%. Equities research analysts anticipate that Groupon will post -0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GRPN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Groupon by 31.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,606 shares of the coupon company's stock valued at $837,000 after acquiring an additional 10,588 shares in the last quarter. AQR Capital Management LLC bought a new stake in Groupon in the 1st quarter worth about $224,000. Cubist Systematic Strategies LLC bought a new stake in Groupon in the 1st quarter worth about $1,800,000. Continental General Insurance Co. purchased a new stake in Groupon in the 1st quarter valued at about $42,847,000. Finally, FORA Capital LLC purchased a new position in shares of Groupon in the 1st quarter worth approximately $409,000. 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.