Groupon (NASDAQ:GRPN) Stock Rating Reaffirmed by Roth Mkm

Groupon (NASDAQ:GRPN)‘s stock had its “buy” rating reissued by research analysts at Roth Mkm in a research note issued on Wednesday, Benzinga reports. They currently have a $26.00 price target on the coupon company’s stock. Roth Mkm’s target price would suggest a potential upside of 135.29% from the company’s current price.

GRPN has been the topic of several other research reports. Northland Securities reaffirmed an “outperform” rating and set a $20.00 price target on shares of Groupon in a research report on Tuesday, October 8th. Northland Capmk raised Groupon to a “strong-buy” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Groupon presently has an average rating of “Moderate Buy” and an average price target of $17.83.

Groupon Stock Up 2.7 %

Shares of NASDAQ:GRPN traded up $0.29 during trading on Wednesday, hitting $11.05. The company’s stock had a trading volume of 672,631 shares, compared to its average volume of 1,255,822. Groupon has a fifty-two week low of $8.08 and a fifty-two week high of $19.56. The stock’s 50-day moving average price is $11.61 and its two-hundred day moving average price is $13.17. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $436.93 million, a PE ratio of -8.57 and a beta of 1.78.

Groupon (NASDAQ:GRPN) last released its earnings results on Tuesday, July 30th. The coupon company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.10. The business had revenue of $124.62 million for the quarter, compared to analysts’ expectations of $121.70 million. During the same quarter last year, the company posted ($0.30) earnings per share. As a group, sell-side analysts expect that Groupon will post 0.04 EPS for the current year.

Insider Buying and Selling

In other news, Director Jason Harinstein purchased 15,000 shares of Groupon stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $10.61 per share, with a total value of $159,150.00. Following the completion of the acquisition, the director now owns 55,658 shares in the company, valued at $590,531.38. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Groupon news, Director Jason Harinstein purchased 15,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $10.61 per share, with a total value of $159,150.00. Following the completion of the acquisition, the director now owns 55,658 shares in the company, valued at approximately $590,531.38. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Bass sold 4,583 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $11.35, for a total value of $52,017.05. Following the transaction, the director now owns 104,731 shares of the company’s stock, valued at approximately $1,188,696.85. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 35.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Groupon

A number of hedge funds and other institutional investors have recently modified their holdings of GRPN. State Board of Administration of Florida Retirement System bought a new position in Groupon during the 1st quarter valued at $151,000. EntryPoint Capital LLC bought a new stake in Groupon in the first quarter worth about $153,000. Virtu Financial LLC acquired a new stake in Groupon in the 1st quarter valued at about $309,000. Headlands Technologies LLC boosted its position in shares of Groupon by 1,848.8% during the 2nd quarter. Headlands Technologies LLC now owns 22,879 shares of the coupon company’s stock valued at $350,000 after purchasing an additional 21,705 shares in the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of Groupon in the 3rd quarter worth approximately $411,000. 90.05% of the stock is currently 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.