Groupon, Inc. (NASDAQ:GRPN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Groupon, Inc. (NASDAQ:GRPN) have received an average rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $31.25.

A number of research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Groupon from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (d)” rating on shares of Groupon in a report on Monday, December 29th. Finally, Zacks Research lowered Groupon from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its stake in shares of Groupon by 9.1% in the 4th quarter. Invesco Ltd. now owns 47,588 shares of the coupon company’s stock valued at $838,000 after buying an additional 3,968 shares in the last quarter. SummitTX Capital L.P. acquired a new stake in Groupon during the fourth quarter valued at approximately $269,000. Prentice Capital Management LP grew its stake in shares of Groupon by 40.6% in the 4th quarter. Prentice Capital Management LP now owns 497,503 shares of the coupon company’s stock valued at $8,761,000 after purchasing an additional 143,739 shares during the period. Millennium Management LLC raised its holdings in shares of Groupon by 749.0% in the 4th quarter. Millennium Management LLC now owns 791,498 shares of the coupon company’s stock worth $13,938,000 after buying an additional 698,270 shares in the last quarter. Finally, Manatuck Hill Partners LLC bought a new position in shares of Groupon during the 4th quarter worth approximately $678,000. 90.05% of the stock is owned by institutional investors.

Groupon Trading Up 0.8%

Shares of GRPN stock opened at $13.06 on Friday. Groupon has a 12 month low of $9.21 and a 12 month high of $43.08. The company has a market cap of $532.33 million, a PE ratio of -3.74 and a beta of -0.01. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 4.16. The business’s 50 day moving average is $15.48 and its two-hundred day moving average is $19.80.

Groupon Company Profile

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.