Groupon (NASDAQ:GRPN) Price Target Cut to $26.00

Groupon (NASDAQ:GRPN) had its price objective reduced by investment analysts at Roth Mkm from $28.00 to $26.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the coupon company’s stock. Roth Mkm’s price target indicates a potential upside of 93.89% from the company’s current price.

Several other equities analysts have also issued reports on the company. Northland Securities cut their price target on Groupon from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday. Northland Capmk upgraded Groupon to a “strong-buy” rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.50.

Groupon Stock Performance

Shares of NASDAQ GRPN traded down $2.30 during trading hours on Wednesday, hitting $13.41. 2,157,303 shares of the company’s stock were exchanged, compared to its average volume of 1,220,843. The stock has a market capitalization of $530.23 million, a price-to-earnings ratio of -10.33 and a beta of 1.83. The company’s 50-day moving average price is $15.69 and its 200-day moving average price is $14.69. The company has a debt-to-equity ratio of 5.48, a current ratio of 0.93 and a quick ratio of 0.93. Groupon has a 1-year low of $7.01 and a 1-year high of $19.56.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Thursday, May 9th. The coupon company reported $0.01 earnings per share (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 analyst estimates of $118.37 million. During the same quarter in the prior year, the business earned ($0.70) earnings per share. On average, sell-side analysts expect that Groupon will post 0.02 earnings per share for the current fiscal year.

Institutional Trading of Groupon

A number of institutional investors have recently modified their holdings of GRPN. Wolf Hill Capital Management LP acquired a new stake in Groupon in the 1st quarter valued at approximately $17,897,000. Hennessy Advisors Inc. acquired a new stake in Groupon in the 2nd quarter valued at $10,884,000. Pale Fire Capital SE lifted its position in Groupon by 4.8% during the 4th quarter. Pale Fire Capital SE now owns 7,040,410 shares of the coupon company’s stock worth $90,399,000 after buying an additional 323,344 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Groupon by 259.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 191,514 shares of the coupon company’s stock worth $2,930,000 after buying an additional 138,218 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Groupon in the 2nd quarter valued at about $1,057,000. 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.