Groupon (NASDAQ:GRPN) Price Target Lowered to $8.00 at The Goldman Sachs Group

Groupon (NASDAQ:GRPN) had its target price cut by The Goldman Sachs Group from $11.00 to $8.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a sell rating on the coupon company’s stock.

Several other research analysts also recently commented on GRPN. Roth Mkm restated a “buy” rating and set a $26.00 price objective on shares of Groupon in a report on Wednesday, October 16th. Northland Securities lowered their target price on shares of Groupon from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Groupon currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Groupon Trading Down 2.3 %

GRPN opened at $8.12 on Thursday. The firm has a market cap of $322.93 million, a P/E ratio of 15.92 and a beta of 1.77. The company has a current ratio of 0.93, a quick ratio of 0.94 and a debt-to-equity ratio of 5.66. The stock has a 50-day moving average of $10.46 and a 200 day moving average of $13.07. Groupon has a 12 month low of $7.75 and a 12 month high of $19.56.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Jupiter Asset Management Ltd. acquired a new position in Groupon in the 1st quarter worth approximately $437,000. Dimensional Fund Advisors LP purchased a new stake in shares of Groupon in the 2nd quarter valued at $1,463,000. Assenagon Asset Management S.A. increased its stake in shares of Groupon by 259.3% in the second quarter. Assenagon Asset Management S.A. now owns 191,514 shares of the coupon company’s stock worth $2,930,000 after acquiring an additional 138,218 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of 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 purchasing an additional 105,832 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position 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 valued at $789,000 after purchasing an additional 17,440 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

About Groupon

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.