Groupon (NASDAQ:GRPN) Price Target Cut to $20.00 by Analysts at Northland Securities

Groupon (NASDAQ:GRPN) had its price objective decreased by investment analysts at Northland Securities from $22.00 to $20.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the coupon company’s stock. Northland Securities’ target price would indicate a potential upside of 27.31% from the stock’s previous close.

Several other research firms also recently weighed in on GRPN. Northland Capmk upgraded Groupon to a “strong-buy” rating in a research report on Wednesday, July 10th. Roth Mkm reiterated a “buy” rating and issued a $28.00 price objective on shares of Groupon in a report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.90.

Groupon Stock Down 8.2 %

Shares of GRPN stock opened at $15.71 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.48. Groupon has a twelve month low of $7.01 and a twelve month high of $19.56. The stock has a 50 day moving average of $15.69 and a 200 day moving average of $14.69. The stock has a market cap of $621.17 million, a P/E ratio of -12.18 and a beta of 1.83.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings results 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 company had revenue of $123.08 million during the quarter, compared to analysts’ expectations of $118.37 million. During the same period in the previous year, the firm posted ($0.70) EPS. As a group, sell-side analysts expect that Groupon will post 0.02 EPS for the current year.

Institutional Investors Weigh In On Groupon

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pale Fire Capital SE increased its stake in Groupon by 4.8% during the fourth quarter. Pale Fire Capital SE now owns 7,040,410 shares of the coupon company’s stock worth $90,399,000 after acquiring an additional 323,344 shares during the last quarter. Vanguard Group Inc. increased its stake in Groupon by 2.4% during the third quarter. Vanguard Group Inc. now owns 1,122,050 shares of the coupon company’s stock worth $17,190,000 after acquiring an additional 26,661 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Groupon during the first quarter worth $437,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Groupon by 41.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,163 shares of the coupon company’s stock worth $789,000 after acquiring an additional 17,440 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Groupon during the first quarter worth $711,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.