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

Groupon (NASDAQ:GRPN) had its price target reduced by The Goldman Sachs Group from $11.00 to $8.00 in a research note released on Thursday,Benzinga reports. They currently have a sell rating on the coupon company’s stock.

Several other equities research analysts have also issued reports on GRPN. Roth Mkm reissued a “buy” rating and set a $26.00 price objective on shares of Groupon in a research note on Wednesday, October 16th. Northland Securities dropped their price target on Groupon from $20.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday. One investment 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. According to data from MarketBeat, Groupon has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Groupon Stock Down 2.2 %

Shares of NASDAQ GRPN opened at $8.12 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.93 and a debt-to-equity ratio of 5.66. The company has a market cap of $322.93 million, a P/E ratio of 15.92 and a beta of 1.77. Groupon has a 52 week low of $7.75 and a 52 week high of $19.56. The business has a 50-day simple moving average of $10.46 and a two-hundred day simple moving average of $13.06.

Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Tuesday, November 12th. The coupon company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.58. The company had revenue of $114.48 million during the quarter, compared to analyst estimates of $119.02 million. Groupon had a net margin of 3.87% and a return on equity of 91.94%. During the same period last year, the business earned ($0.22) earnings per share. Research analysts anticipate that Groupon will post -0.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GRPN. Geode Capital Management LLC lifted its stake in Groupon by 0.3% during the third quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company’s stock worth $5,542,000 after purchasing an additional 1,498 shares during the last quarter. State Street Corp raised its holdings in shares of Groupon by 19.2% during the 3rd quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock valued at $6,953,000 after buying an additional 114,400 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of Groupon during the 3rd quarter valued at about $201,000. Prentice Capital Management LP lifted its position in Groupon by 17.7% in the 3rd quarter. Prentice Capital Management LP now owns 199,751 shares of the coupon company’s stock worth $1,954,000 after buying an additional 30,106 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Groupon in the third quarter worth approximately $174,000. Institutional investors own 90.05% of the company’s stock.

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.