Groupon (NASDAQ:GRPN) Price Target Lowered to $8.00 at The Goldman Sachs Group

Groupon (NASDAQ:GRPN - Get Free Report) had its price target lowered by equities researchers at The Goldman Sachs Group from $11.00 to $8.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "sell" rating on the coupon company's stock. The Goldman Sachs Group's price objective would suggest a potential downside of 3.67% from the stock's previous close.

Several other equities analysts also recently commented on GRPN. Roth Mkm reissued a "buy" rating and issued a $26.00 price objective on shares of Groupon in a research note on Wednesday, October 16th. Northland Securities dropped their price objective on shares of Groupon from $20.00 to $17.00 and set an "outperform" rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Groupon currently has an average rating of "Moderate Buy" and a consensus target price of $17.00.

Groupon Stock Performance

NASDAQ:GRPN traded up $0.04 during mid-day trading on Thursday, hitting $8.31. 2,271,270 shares of the stock were exchanged, compared to its average volume of 1,284,923. The firm's 50-day simple moving average is $10.52 and its 200 day simple moving average is $13.07. The stock has a market capitalization of $330.04 million, a price-to-earnings ratio of 16.28 and a beta of 1.77. Groupon has a fifty-two week low of $7.75 and a fifty-two week high of $19.56. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.94 and a current ratio of 0.94.

Groupon (NASDAQ:GRPN - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The coupon company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.58. The business had revenue of $114.48 million during the quarter, compared to the consensus estimate 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 previous year, the company posted ($0.22) EPS. As a group, equities analysts anticipate that Groupon will post -0.71 EPS for the current fiscal year.

Institutional Trading of Groupon

A number of large investors have recently bought and sold shares of GRPN. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Groupon by 41.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,163 shares of the coupon company's stock valued at $789,000 after acquiring an additional 17,440 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in Groupon in the 1st quarter valued at about $151,000. Jupiter Asset Management Ltd. acquired a new position in Groupon during the 1st quarter valued at about $437,000. EntryPoint Capital LLC bought a new stake in Groupon during the 1st quarter worth approximately $153,000. Finally, Wolf Hill Capital Management LP purchased a new stake in shares of Groupon in the first quarter worth approximately $17,897,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.