Groupon, Inc. (NASDAQ:GRPN – Get Free Report)’s stock price rose 5.2% during trading on Friday after Roth Capital raised their price target on the stock from $33.00 to $47.00. Roth Capital currently has a buy rating on the stock. Groupon traded as high as $41.26 and last traded at $38.96. Approximately 803,131 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 1,501,549 shares. The stock had previously closed at $37.03.
Several other brokerages have also recently weighed in on GRPN. Ascendiant Capital Markets lifted their price objective on shares of Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. Roth Mkm upped their price objective on shares of Groupon from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Wall Street Zen downgraded shares of Groupon from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. The Goldman Sachs Group upped their price objective on shares of Groupon from $9.00 to $15.00 and gave the stock a “sell” rating in a report on Monday, May 12th. Finally, Northland Securities increased their target price on shares of Groupon from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.00.
Check Out Our Latest Report on Groupon
Hedge Funds Weigh In On Groupon
Groupon Stock Down 1.6%
The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 4.23. The firm has a market capitalization of $1.45 billion, a P/E ratio of -38.36 and a beta of 1.04. The company has a 50 day simple moving average of $25.86 and a two-hundred day simple moving average of $17.49.
Groupon (NASDAQ:GRPN – Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.38. Groupon had a negative return on equity of 83.07% and a negative net margin of 8.13%. The company had revenue of $117.19 million for the quarter, compared to analyst estimates of $115.51 million. On average, equities analysts predict that Groupon, Inc. will post -0.31 EPS for the current fiscal year.
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.
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