Groupon (NASDAQ:GRPN) Price Target Cut to $12.00 by Analysts at Barclays

Groupon (NASDAQ:GRPNGet Rating) had its price objective reduced by Barclays from $20.00 to $12.00 in a research report sent to investors on Tuesday morning, The Fly reports. They currently have an underweight rating on the coupon company’s stock.

A number of other analysts also recently commented on the stock. StockNews.com initiated coverage on shares of Groupon in a report on Thursday, March 31st. They set a hold rating on the stock. Credit Suisse Group cut their target price on shares of Groupon from $29.00 to $23.00 in a research report on Tuesday. Ascendiant Capital Markets cut their target price on shares of Groupon from $35.00 to $30.00 and set a buy rating for the company in a research report on Thursday, March 24th. Finally, Wedbush cut their target price on shares of Groupon from $30.00 to $22.00 in a research report on Wednesday, March 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Groupon has an average rating of Hold and a consensus price target of $21.60.

GRPN stock opened at $14.76 on Tuesday. The company has a market cap of $442.21 million, a P/E ratio of 7.49 and a beta of 2.11. Groupon has a 52 week low of $12.66 and a 52 week high of $49.19. The company’s 50-day moving average price is $18.78 and its 200 day moving average price is $21.86. The company has a current ratio of 0.88, a quick ratio of 0.93 and a debt-to-equity ratio of 1.21.

Groupon (NASDAQ:GRPNGet Rating) last released its quarterly earnings data on Monday, May 9th. The coupon company reported ($0.80) EPS for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.06. The firm had revenue of $153.30 million for the quarter, compared to the consensus estimate of $165.29 million. Groupon had a net margin of 8.09% and a negative return on equity of 13.88%. The firm’s revenue was down 41.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 earnings per share. On average, equities research analysts expect that Groupon will post -0.38 earnings per share for the current year.

In other news, major shareholder Jan Barta acquired 561,677 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was acquired at an average price of $15.03 per share, with a total value of $8,442,005.31. Following the completion of the transaction, the insider now directly owns 1,800,698 shares in the company, valued at approximately $27,064,490.94. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders bought 1,783,510 shares of company stock valued at $31,726,491. Company insiders own 16.20% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Dark Forest Capital Management LP acquired a new position in Groupon during the third quarter worth approximately $25,000. Advisor Group Holdings Inc. grew its stake in Groupon by 113.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,444 shares of the coupon company’s stock worth $55,000 after buying an additional 1,300 shares during the period. Royal Bank of Canada grew its stake in Groupon by 12.7% during the third quarter. Royal Bank of Canada now owns 3,370 shares of the coupon company’s stock worth $77,000 after buying an additional 381 shares during the period. Schroder Investment Management Group purchased a new stake in Groupon during the third quarter worth approximately $91,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new stake in Groupon during the first quarter worth approximately $91,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

About Groupon (Get Rating)

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; and first-party goods inventory. It serves customers through its mobile applications and websites.

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