Groupon (NASDAQ:GRPN) Stock Rating Reaffirmed by Roth Mkm

Roth Mkm restated their buy rating on shares of Groupon (NASDAQ:GRPN) in a research note published on Thursday, Benzinga reports. They currently have a $28.00 price objective on the coupon company’s stock.

GRPN has been the topic of several other research reports. Northland Securities initiated coverage on shares of Groupon in a research note on Wednesday, July 10th. They issued an outperform rating and a $22.00 target price on the stock. Northland Capmk upgraded shares of Groupon to a strong-buy rating in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and an average target price of $14.30.

Groupon Trading Up 3.0 %

NASDAQ:GRPN opened at $17.99 on Thursday. Groupon has a one year low of $7.01 and a one year high of $19.56. The company has a debt-to-equity ratio of 5.48, a current ratio of 0.93 and a quick ratio of 0.93. The company’s 50-day simple moving average is $15.71 and its 200 day simple moving average is $14.64. The firm has a market capitalization of $711.32 million, a P/E ratio of -13.95 and a beta of 1.83.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Thursday, May 9th. The coupon company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.19. The business had revenue of $123.08 million for the quarter, compared to the consensus estimate of $118.37 million. During the same period in the previous year, the firm earned ($0.70) EPS. As a group, analysts forecast that Groupon will post 0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GRPN. Citigroup Inc. raised its holdings in shares of Groupon by 2,630.5% during the third quarter. Citigroup Inc. now owns 14,881 shares of the coupon company’s stock valued at $228,000 after purchasing an additional 14,336 shares during the last quarter. Vanguard Group Inc. increased its holdings in Groupon by 2.4% during the third quarter. Vanguard Group Inc. now owns 1,122,050 shares of the coupon company’s stock valued at $17,190,000 after buying an additional 26,661 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Groupon during the fourth quarter valued at approximately $113,000. Raymond James & Associates purchased a new stake in Groupon during the fourth quarter valued at approximately $202,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Groupon by 6.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,723 shares of the coupon company’s stock valued at $536,000 after buying an additional 2,355 shares during the last quarter. 90.05% of the stock is 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.