Groupon (NASDAQ:GRPN) Price Target Lowered to $17.00 at Northland Securities

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

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

Groupon Stock Down 27.0 %

Shares of NASDAQ GRPN opened at $8.26 on Wednesday. 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 company has a 50-day moving average price of $10.59 and a 200-day moving average price of $13.11. The stock has a market capitalization of $328.25 million, a P/E ratio of 16.20 and a beta of 1.77. Groupon has a 1 year low of $7.75 and a 1 year high of $19.56.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Tuesday, November 12th. The coupon company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 135.73% and a net margin of 3.87%. During the same quarter in the previous year, the business earned ($0.22) EPS. On average, equities research analysts forecast that Groupon will post -0.71 EPS for the current fiscal year.

Institutional Trading of Groupon

Several hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of 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 buying an additional 17,440 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of Groupon in the first quarter worth $151,000. Jupiter Asset Management Ltd. purchased a new position in shares of Groupon in the first quarter valued at $437,000. EntryPoint Capital LLC purchased a new stake in Groupon during the 1st quarter worth about $153,000. Finally, Wolf Hill Capital Management LP bought a new position in Groupon in the 1st quarter worth about $17,897,000. Institutional investors 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.