Northland Securities Lowers Groupon (NASDAQ:GRPN) Price Target to $17.00

Groupon (NASDAQ:GRPN - Free Report) had its target price cut by Northland Securities from $20.00 to $17.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the coupon company's stock.

Separately, Roth Mkm reissued a "buy" rating and issued a $26.00 target price on shares of Groupon in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $16.83.

Groupon Stock Down 26.7 %

GRPN stock traded down $3.02 during midday trading on Wednesday, hitting $8.30. The stock had a trading volume of 7,110,630 shares, compared to its average volume of 1,275,057. The firm has a market cap of $329.84 million, a price-to-earnings ratio of 16.61 and a beta of 1.77. The business has a 50-day moving average of $10.67 and a two-hundred day moving average of $13.14. Groupon has a 52-week low of $7.75 and a 52-week high of $19.56. The company has a debt-to-equity ratio of 5.62, a current ratio of 0.94 and a quick ratio of 0.94.

Groupon (NASDAQ:GRPN - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The coupon company reported $0.33 earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.58. The company had revenue of $114.48 million for the quarter, compared to analysts' expectations of $119.02 million. Groupon had a return on equity of 135.73% and a net margin of 3.87%. During the same period in the prior year, the firm earned ($0.22) earnings per share. As a group, equities research analysts forecast that Groupon will post -0.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Groupon

Several institutional investors have recently modified their holdings of GRPN. FMR LLC increased its stake in Groupon by 112.5% during the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company's stock worth $53,000 after buying an additional 2,888 shares in the last quarter. Entropy Technologies LP purchased a new stake in Groupon during the 3rd quarter worth about $145,000. State Board of Administration of Florida Retirement System purchased a new stake in Groupon during the 1st quarter worth about $151,000. EntryPoint Capital LLC purchased a new stake in Groupon during the 1st quarter worth about $153,000. Finally, Marathon Trading Investment Management LLC purchased a new stake in Groupon during the 3rd quarter worth about $195,000. 90.05% of the stock is owned by institutional investors.

Groupon Company Profile

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.