Groupon (NASDAQ:GRPN) Coverage Initiated by Analysts at Goldman Sachs Group

Equities research analysts at Goldman Sachs Group started coverage on shares of Groupon (NASDAQ:GRPN) in a report released on Monday, February 4th, Marketbeat.com reports. The firm set a “neutral” rating and a $3.50 price target on the coupon company’s stock. Goldman Sachs Group’s price target indicates a potential upside of 3.86% from the company’s previous close.

Several other equities research analysts have also weighed in on GRPN. BidaskClub upgraded Groupon from a “strong sell” rating to a “sell” rating in a report on Friday, November 23rd. B. Riley cut their price target on Groupon from $6.30 to $5.60 and set a “buy” rating for the company in a report on Thursday, November 8th. Zacks Investment Research lowered Groupon from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, ValuEngine upgraded Groupon from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $4.56.

NASDAQ:GRPN traded up $0.10 on Monday, hitting $3.37. 10,064,351 shares of the company’s stock traded hands, compared to its average volume of 7,922,663. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 1.04. Groupon has a 1 year low of $2.80 and a 1 year high of $5.52. The stock has a market cap of $1.92 billion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 16.00 and a beta of 1.37.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Tuesday, February 12th. The coupon company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). Groupon had a negative net margin of 0.42% and a positive return on equity of 17.33%. The firm had revenue of $799.93 million during the quarter, compared to the consensus estimate of $782.54 million. During the same period in the previous year, the firm posted $0.07 EPS. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, equities research analysts anticipate that Groupon will post 0.07 earnings per share for the current year.

In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $3.04, for a total value of $4,560,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 16.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Groupon by 19.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,404,098 shares of the coupon company’s stock worth $27,536,000 after buying an additional 1,064,430 shares during the period. Raymond James & Associates raised its position in Groupon by 1,395.1% during the 2nd quarter. Raymond James & Associates now owns 167,289 shares of the coupon company’s stock worth $719,000 after buying an additional 156,100 shares during the last quarter. Voya Investment Management LLC raised its position in Groupon by 13.9% during the 2nd quarter. Voya Investment Management LLC now owns 170,112 shares of the coupon company’s stock worth $731,000 after buying an additional 20,813 shares during the last quarter. Jane Street Group LLC raised its position in Groupon by 658.4% during the 2nd quarter. Jane Street Group LLC now owns 153,546 shares of the coupon company’s stock worth $660,000 after buying an additional 133,300 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Groupon by 13.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,735,537 shares of the coupon company’s stock worth $7,463,000 after buying an additional 200,635 shares during the last quarter. 64.87% of the stock is owned by institutional investors.

Groupon Company Profile

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

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Analyst Recommendations for Groupon (NASDAQ:GRPN)

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