Groupon (NASDAQ:GRPN) Given New $17.00 Price Target at Northland Securities

Groupon (NASDAQ:GRPN) had its price objective lowered by research analysts at Northland Securities from $20.00 to $17.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the coupon company’s stock. Northland Securities’ price objective suggests a potential upside of 104.70% from the stock’s previous close.

Separately, Roth Mkm reiterated a “buy” rating and set a $26.00 price target on shares of Groupon in a research note on Wednesday, October 16th. 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.00.

Groupon Trading Up 0.5 %

Shares of GRPN stock opened at $8.31 on Wednesday. The stock’s fifty day moving average price is $10.52 and its two-hundred day moving average price is $13.07. The company has a market cap of $330.04 million, a PE 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) last released its quarterly earnings data on Tuesday, November 12th. The coupon company reported $0.33 earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.58. Groupon had a return on equity of 135.73% and a net margin of 3.87%. The company had revenue of $114.48 million for the quarter, compared to the consensus estimate of $119.02 million. During the same quarter last year, the business posted ($0.22) EPS. Equities analysts predict that Groupon will post -0.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Groupon

A number of hedge funds and other institutional investors have recently modified their holdings of GRPN. FMR LLC boosted its stake in shares of Groupon by 112.5% in the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock worth $53,000 after buying an additional 2,888 shares during the last quarter. MetLife Investment Management LLC boosted its stake 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 worth $130,000 after buying an additional 7,516 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Groupon in the 3rd quarter worth approximately $145,000. State Board of Administration of Florida Retirement System purchased a new position in Groupon in the first quarter valued at approximately $151,000. Finally, EntryPoint Capital LLC purchased a new position in Groupon in the first quarter valued at approximately $153,000. Hedge funds and other 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.