2 weeks Ago By Defense World Staff
Groupon ( NASDAQ:GRPN – Get Free Report ) had its price target lowered by analysts at Northland Securities from $20.00 to $17.00 in a research note issued on Wednesday, Benzinga reports.
The firm presently has an “outperform” rating on the coupon company’s stock. Northland Securities’ price target would suggest a potential upside of 104.70% from the stock’s current price.
Separately, Roth Mkm reiterated a “buy” rating and set a $26.00 target price on shares of Groupon in a research note on Wednesday, October 16th. 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 company.
According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.00. Check Out Our Latest Stock Analysis on Groupon Groupon Stock Performance Groupon ( NASDAQ:GRPN – Get Free Report ) last issued its quarterly earnings results on Tuesday, November 12th.
The coupon company reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.25) by $0.
58. The firm had revenue of $114.48 million during 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 posted ($0.22) earnings per share.
Analysts predict that Groupon will post -0.71 earnings per share for the current fiscal year. Hedge Funds Weigh In On Groupon Hedge funds have recently added to or reduced their stakes in the stock.
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 acquiring an additional 2,888 shares during the period.
State Board of Administration of Florida Retirement System bought a new position in Groupon during the 1st quarter worth $151,000. EntryPoint Capital LLC bought a new position in Groupon during the 1st quarter worth $153,000. MetLife Investment Management LLC boosted its holdings in shares of Groupon by 129.
1% in the 3rd quarter. MetLife Investment Management LLC now owns 13,340 shares of the coupon company’s stock valued at $130,000 after purchasing an additional 7,516 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Groupon in the 3rd quarter valued at $145,000.
Institutional investors own 90.05% of the company’s stock. About Groupon ( Get Free Report ) 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.
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