Groupon (NASDAQ:GRPN) Stock Rating Reaffirmed by Roth Mkm

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

Several other analysts also recently weighed in on the stock. Northland Capmk raised shares of Groupon to a strong-buy rating in a research report on Wednesday, July 10th. Northland Securities assumed coverage on shares of Groupon in a research report on Wednesday, July 10th. They set an outperform rating and a $22.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $14.30.

Groupon Stock Up 3.0 %

Shares of Groupon stock opened at $17.99 on Thursday. The firm’s 50 day moving average price is $15.71 and its 200-day moving average price is $14.64. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.48. Groupon has a 52-week low of $7.01 and a 52-week high of $19.56. The company has a market cap of $711.32 million, a P/E ratio of -13.95 and a beta of 1.83.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Thursday, May 9th. The coupon company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.19. The firm had revenue of $123.08 million during the quarter, compared to analysts’ expectations of $118.37 million. During the same period in the previous year, the firm earned ($0.70) EPS. On average, sell-side analysts predict that Groupon will post 0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Groupon

Several large investors have recently made changes to their positions in GRPN. Wolf Hill Capital Management LP acquired a new position in shares of Groupon in the 1st quarter valued at $17,897,000. Hennessy Advisors Inc. acquired a new position in Groupon during the second quarter worth $10,884,000. Pale Fire Capital SE raised its position 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 acquiring an additional 323,344 shares during the period. Assenagon Asset Management S.A. raised its position in Groupon by 259.3% during the second quarter. Assenagon Asset Management S.A. now owns 191,514 shares of the coupon company’s stock worth $2,930,000 after acquiring an additional 138,218 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Groupon during the second quarter worth $1,057,000. 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.