Groupon (NASDAQ:GRPN) Given Buy Rating at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Groupon (NASDAQ:GRPN) in a research report released on Tuesday morning, Benzinga reports. Roth Mkm currently has a $28.00 target price on the coupon company’s stock.

GRPN has been the topic of several other reports. StockNews.com upgraded shares of Groupon from a sell rating to a hold rating in a report on Monday, March 18th. The Goldman Sachs Group raised their target price on shares of Groupon from $5.00 to $7.50 and gave the stock a sell rating in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Groupon has a consensus rating of Hold and an average target price of $12.38.

Groupon Trading Up 8.1 %

Shares of NASDAQ GRPN opened at $10.81 on Tuesday. The firm has a market capitalization of $421.27 million, a PE ratio of -5.66 and a beta of 1.65. Groupon has a 1 year low of $2.89 and a 1 year high of $19.56. The firm’s 50-day moving average is $15.36 and its 200-day moving average is $13.37.

Groupon (NASDAQ:GRPN) last issued its earnings results on Friday, March 15th. The coupon company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.51. The business had revenue of $137.72 million during the quarter, compared to the consensus estimate of $136.47 million. As a group, equities research analysts anticipate that Groupon will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Groupon

A number of institutional investors have recently added to or reduced their stakes in the company. Pale Fire Capital SE increased its holdings in Groupon by 4.8% during the fourth quarter. Pale Fire Capital SE now owns 7,040,410 shares of the coupon company’s stock worth $90,399,000 after buying an additional 323,344 shares during the last quarter. Vanguard Group Inc. increased its holdings in Groupon by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,317,007 shares of the coupon company’s stock worth $44,557,000 after buying an additional 17,501 shares during the last quarter. BlackRock Inc. increased its holdings in Groupon by 2.7% during the first quarter. BlackRock Inc. now owns 1,524,378 shares of the coupon company’s stock worth $6,418,000 after buying an additional 39,742 shares during the last quarter. State Street Corp increased its holdings in Groupon by 13.3% during the second quarter. State Street Corp now owns 785,314 shares of the coupon company’s stock worth $8,874,000 after buying an additional 92,374 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Groupon by 1.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 615,858 shares of the coupon company’s stock worth $3,640,000 after buying an additional 5,887 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.