Roth Mkm Cuts Groupon (NASDAQ:GRPN) Price Target to $26.00

Groupon (NASDAQ:GRPN) had its price objective decreased by Roth Mkm from $28.00 to $26.00 in a report released on Wednesday, Benzinga reports. Roth Mkm currently has a buy rating on the coupon company’s stock.

A number of other research analysts also recently weighed in on GRPN. Northland Securities cut their price objective on Groupon from $22.00 to $20.00 and set an outperform rating on the stock in a research note on Wednesday. Northland Capmk raised Groupon to a strong-buy rating in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $13.50.

Groupon Stock Down 5.5 %

Shares of GRPN stock opened at $11.55 on Wednesday. The stock’s 50 day simple moving average is $15.45 and its 200 day simple moving average is $14.65. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.93 and a current ratio of 0.94. Groupon has a twelve month low of $7.01 and a twelve month high of $19.56. The company has a market capitalization of $459.00 million, a price-to-earnings ratio of -8.95 and a beta of 1.83.

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

Institutional Trading of Groupon

Institutional investors have recently modified their holdings of the company. Pale Fire Capital SE lifted its position in shares of 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 during the period. Wolf Hill Capital Management LP bought a new position in Groupon in the 1st quarter valued at $17,897,000. Vanguard Group Inc. raised its position in Groupon by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,122,050 shares of the coupon company’s stock valued at $17,190,000 after purchasing an additional 26,661 shares during the last quarter. Hennessy Advisors Inc. bought a new position in Groupon in the 2nd quarter valued at $10,884,000. Finally, Assenagon Asset Management S.A. raised its position in Groupon by 259.3% in 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 purchasing an additional 138,218 shares during the last quarter. 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.