Groupon (NASDAQ:GRPN) Earns “Buy” Rating from Roth Mkm

Groupon (NASDAQ:GRPN)‘s stock had its “buy” rating reiterated by equities researchers at Roth Mkm in a note issued to investors on Thursday, Benzinga reports. They currently have a $28.00 price objective on the coupon company’s stock. Roth Mkm’s price target would suggest a potential upside of 56.69% from the stock’s current price.

Several other equities analysts have also recently commented on the company. Northland Securities initiated coverage on Groupon in a research report on Wednesday, July 10th. They set an “outperform” rating and a $22.00 target price for the company. Northland Capmk upgraded Groupon to a “strong-buy” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.30.

Groupon Stock Performance

Shares of NASDAQ GRPN traded up $0.59 during mid-day trading on Thursday, hitting $17.87. The company had a trading volume of 622,654 shares, compared to its average volume of 1,201,266. The company has a market capitalization of $706.58 million, a price-to-earnings ratio of -13.86 and a beta of 1.83. Groupon has a 1 year low of $6.83 and a 1 year high of $19.56. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.48. The stock’s 50-day moving average price is $15.67 and its 200-day moving average price is $14.58.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Thursday, May 9th. The coupon company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.19. The company had revenue of $123.08 million during the quarter, compared to analysts’ expectations of $118.37 million. During the same quarter last year, the firm posted ($0.70) earnings per share. On average, sell-side analysts forecast that Groupon will post 0.02 earnings per share for the current year.

Hedge Funds Weigh In On Groupon

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pale Fire Capital SE boosted its holdings in shares of Groupon by 4.8% in the 4th quarter. Pale Fire Capital SE now owns 7,040,410 shares of the coupon company’s stock worth $90,399,000 after purchasing an additional 323,344 shares in the last quarter. Wolf Hill Capital Management LP bought a new stake in shares of Groupon in the 1st quarter valued at about $17,897,000. Vanguard Group Inc. lifted its stake in shares of Groupon by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,122,050 shares of the coupon company’s stock valued at $17,190,000 after acquiring an additional 26,661 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Groupon in the 2nd quarter valued at about $10,884,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Groupon by 259.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 191,514 shares of the coupon company’s stock valued at $2,930,000 after acquiring an additional 138,218 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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.