Groupon (NASDAQ:GRPN) Shares Gap Down - What's Next?
Groupon (NASDAQ:GRPN) shares gapped down from $29.45 to $28.42 before trading at $28.80. Analysts have mixed ratings, with Roth Mkm raising their price target to $24.00 and Goldman Sachs lowering it to $15.00. The stock has a consensus rating of "Moderate Buy" and an average target price of $18.75. Groupon reported a quarterly EPS of $0.18, exceeding estimates, with a revenue of $117.19 million. Hedge funds hold 90.05% of the stock, indicating strong institutional interest.
Groupon, Inc. (NASDAQ:GRPN - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $29.45, but opened at $28.42. Groupon shares last traded at $28.80, with a volume of 155,308 shares traded.
Analyst Upgrades and Downgrades
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Several analysts recently commented on the stock. Roth Mkm increased their price objective on shares of Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Wall Street Zen downgraded shares of Groupon from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Ascendiant Capital Markets raised their price target on shares of Groupon from $14.00 to $19.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Finally, The Goldman Sachs Group boosted 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. One analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $18.75.
Check Out Our Latest Stock Analysis on Groupon
Groupon Trading Down 1.7%
- MarketBeat Week in Review – 10/2 - 10/6
The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $1.15 billion, a PE ratio of 56.90 and a beta of 0.83. The stock has a 50-day simple moving average of $20.89 and a two-hundred day simple moving average of $14.76.
Groupon (NASDAQ:GRPN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The coupon company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of ($0.20) by $0.38. The firm had revenue of $117.19 million during the quarter, compared to analyst estimates of $115.51 million. Groupon had a net margin of 3.87% and a return on equity of 91.94%. As a group, sell-side analysts anticipate that Groupon, Inc. will post -0.31 EPS for the current year.
Institutional Investors Weigh In On Groupon
- Is a Big Short Squeeze Looming for This Stock?
A number of hedge funds have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management grew its holdings in shares of Groupon by 68.2% in the fourth quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company's stock worth $30,000 after acquiring an additional 992 shares during the period. Amundi boosted its position in Groupon by 35.5% in the fourth quarter. Amundi now owns 3,838 shares of the coupon company's stock worth $47,000 after purchasing an additional 1,006 shares during the last quarter. Rhumbline Advisers boosted its position in Groupon by 3.2% in the fourth quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company's stock worth $410,000 after purchasing an additional 1,030 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Groupon by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company's stock valued at $2,435,000 after purchasing an additional 1,449 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of Groupon by 6.8% during the 4th quarter. California State Teachers Retirement System now owns 23,897 shares of the coupon company's stock valued at $290,000 after purchasing an additional 1,526 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.
Groupon Company Profile
(Get Free Report)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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