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 report issued on Thursday,Benzinga reports. They currently have a sell rating on the coupon company’s stock.

GRPN has been the topic of several other research reports. Northland Securities reduced their price target on shares of Groupon from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday. Roth Mkm reissued a “buy” rating and set a $26.00 price objective on shares of Groupon in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Groupon currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Groupon Stock Performance

Shares of Groupon stock traded down $0.09 on Thursday, reaching $8.22. 1,339,467 shares of the stock were exchanged, compared to its average volume of 1,285,170. 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 business has a fifty day moving average price of $10.52 and a two-hundred day moving average price of $13.07. Groupon has a 1-year low of $7.75 and a 1-year high of $19.56. The firm has a market capitalization of $326.91 million, a PE ratio of 16.28 and a beta of 1.77.

Groupon (NASDAQ:GRPN) last issued its earnings results on Tuesday, November 12th. The coupon company reported $0.33 earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.58. Groupon had a net margin of 3.87% and a return on equity of 91.94%. The company had revenue of $114.48 million for the quarter, compared to analyst estimates of $119.02 million. During the same period in the prior year, the business posted ($0.22) earnings per share. As a group, research analysts anticipate that Groupon will post -0.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Groupon

Several large investors have recently made changes to their positions in GRPN. Wolf Hill Capital Management LP acquired a new stake in shares of Groupon in the first quarter worth $17,897,000. Hennessy Advisors Inc. acquired a new stake in Groupon during the 2nd quarter valued at $10,884,000. Assenagon Asset Management S.A. grew its holdings 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 purchasing an additional 138,218 shares in the last quarter. State Street Corp grew its holdings in Groupon by 19.2% during the 3rd quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock valued at $6,953,000 after purchasing an additional 114,400 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in Groupon by 591.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 123,727 shares of the coupon company’s stock valued at $1,893,000 after purchasing an additional 105,832 shares in 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.