Groupon (NASDAQ:GRPN) Given New $17.00 Price Target at Northland Securities

Groupon (NASDAQ:GRPN) had its target price reduced by Northland Securities from $20.00 to $17.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the coupon company’s stock.

Separately, Roth Mkm restated a “buy” rating and set a $26.00 price target on shares of Groupon in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Groupon has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Groupon Stock Down 2.2 %

GRPN opened at $8.12 on Wednesday. The company has a market cap of $322.93 million, a P/E ratio of 15.92 and a beta of 1.77. The business’s 50-day moving average price is $10.46 and its 200-day moving average price is $13.05. The company has a current ratio of 0.93, a quick ratio of 0.94 and a debt-to-equity ratio of 5.66. Groupon has a 12 month low of $7.75 and a 12 month high of $19.56.

Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Tuesday, November 12th. The coupon company reported $0.33 EPS for the quarter, topping the consensus estimate of ($0.25) by $0.58. Groupon had a return on equity of 91.94% and a net margin of 3.87%. The firm had revenue of $114.48 million for the quarter, compared to the consensus estimate of $119.02 million. During the same quarter in the previous year, the business earned ($0.22) earnings per share. On average, equities analysts expect that Groupon will post -0.71 EPS for the current year.

Institutional Trading of Groupon

Several large investors have recently bought and sold shares of GRPN. Mirae Asset Global Investments Co. Ltd. boosted its position in Groupon by 41.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,163 shares of the coupon company’s stock valued at $789,000 after acquiring an additional 17,440 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in Groupon during the 1st quarter valued at approximately $151,000. Jupiter Asset Management Ltd. bought a new stake in Groupon during the 1st quarter valued at approximately $437,000. EntryPoint Capital LLC bought a new stake in Groupon during the 1st quarter valued at approximately $153,000. Finally, Wolf Hill Capital Management LP bought a new stake in shares of Groupon in the 1st quarter worth approximately $17,897,000. 90.05% of the stock is 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.