Northland Securities Has Lowered Expectations for Groupon (NASDAQ:GRPN) Stock Price

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

Separately, Roth Mkm restated a “buy” rating and issued a $26.00 target price on shares of Groupon in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.83.

Groupon Trading Down 27.0 %

Shares of GRPN opened at $8.26 on Wednesday. Groupon has a 1-year low of $7.75 and a 1-year high of $19.56. The company has a market capitalization of $328.25 million, a P/E ratio of 16.20 and a beta of 1.77. The company has a debt-to-equity ratio of 5.62, a current ratio of 0.94 and a quick ratio of 0.94. The firm’s 50 day simple moving average is $10.59 and its 200 day simple moving average is $13.11.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Tuesday, November 12th. The coupon company reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.25) by $0.58. The firm had revenue of $114.48 million for the quarter, compared to analyst estimates of $119.02 million. Groupon had a return on equity of 135.73% and a net margin of 3.87%. During the same period in the prior year, the company earned ($0.22) EPS. Sell-side analysts forecast that Groupon will post -0.71 earnings per share for the current fiscal year.

Institutional Trading of Groupon

Several large investors have recently bought and sold shares of GRPN. Jupiter Asset Management Ltd. purchased a new stake in Groupon in the first quarter worth $437,000. Dimensional Fund Advisors LP bought a new position in shares of Groupon in the 2nd quarter worth about $1,463,000. Assenagon Asset Management S.A. lifted its position in Groupon by 259.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 191,514 shares of the coupon company’s stock valued at $2,930,000 after acquiring an additional 138,218 shares during the period. Cubist Systematic Strategies LLC boosted its stake in Groupon by 591.4% during the second quarter. Cubist Systematic Strategies LLC now owns 123,727 shares of the coupon company’s stock worth $1,893,000 after acquiring an additional 105,832 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 valued at $789,000 after purchasing an additional 17,440 shares in the last quarter. 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.