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

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

Separately, Roth Mkm restated a “buy” rating and set a $26.00 target price on shares of Groupon in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Groupon presently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Groupon Stock Performance

GRPN stock opened at $8.12 on Wednesday. The firm has a market cap of $322.93 million, a PE ratio of 15.92 and a beta of 1.77. 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 business has a 50 day moving average of $10.46 and a 200-day moving average of $13.05. Groupon has a 12-month low of $7.75 and a 12-month high of $19.56.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Tuesday, November 12th. The coupon company reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.25) by $0.58. Groupon had a return on equity of 91.94% and a net margin of 3.87%. The business had revenue of $114.48 million for the quarter, compared to the consensus estimate of $119.02 million. During the same quarter in the prior year, the business earned ($0.22) earnings per share. As a group, sell-side analysts expect that Groupon will post -0.71 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GRPN. Mirae Asset Global Investments Co. Ltd. increased its stake in Groupon by 41.8% in 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 during the last quarter. State Board of Administration of Florida Retirement System bought a new position in Groupon in the first quarter valued at $151,000. Jupiter Asset Management Ltd. bought a new position in Groupon in the first quarter valued at $437,000. EntryPoint Capital LLC bought a new position in Groupon in the first quarter valued at $153,000. Finally, Wolf Hill Capital Management LP bought a new position in Groupon in the first quarter valued at $17,897,000. 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.