B. Riley Lowers Groupon (GRPN) Price Target to $5.60

Groupon (NASDAQ:GRPN) had its target price lowered by equities researchers at B. Riley from $6.30 to $5.60 in a research report issued on Thursday. The firm currently has a “buy” rating on the coupon company’s stock. B. Riley’s price target would suggest a potential upside of 89.19% from the company’s current price.

Several other equities analysts also recently weighed in on GRPN. Morgan Stanley lifted their target price on Groupon from $4.60 to $4.80 and gave the company an “equal weight” rating in a research report on Wednesday, July 11th. BidaskClub downgraded Groupon from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Zacks Investment Research downgraded Groupon from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Barclays reaffirmed a “sell” rating and issued a $4.50 target price on shares of Groupon in a research report on Sunday, August 5th. Finally, TheStreet downgraded Groupon from a “c-” rating to a “d+” rating in a research report on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $5.20.

NASDAQ GRPN traded down $0.04 during trading on Thursday, hitting $2.96. The stock had a trading volume of 6,867,657 shares, compared to its average volume of 8,147,401. The company has a market cap of $1.66 billion, a P/E ratio of 58.30, a P/E/G ratio of 12.40 and a beta of 1.75. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.92 and a quick ratio of 0.92. Groupon has a twelve month low of $2.89 and a twelve month high of $5.99.

Groupon (NASDAQ:GRPN) last released its earnings results on Wednesday, November 7th. The coupon company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $592.90 million during the quarter, compared to the consensus estimate of $602.08 million. Groupon had a positive return on equity of 11.54% and a negative net margin of 0.35%. Groupon’s quarterly revenue was down 6.6% on a year-over-year basis. On average, analysts anticipate that Groupon will post 0.08 EPS for the current fiscal year.

In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $3.82, for a total transaction of $5,730,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 16.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in Groupon by 115.2% during the second quarter. Envestnet Asset Management Inc. now owns 32,063 shares of the coupon company’s stock worth $138,000 after purchasing an additional 17,167 shares during the last quarter. Commonwealth Bank of Australia purchased a new stake in Groupon during the third quarter worth approximately $190,000. Campbell & CO Investment Adviser LLC purchased a new stake in Groupon during the second quarter worth approximately $209,000. Balter Liquid Alternatives LLC purchased a new stake in Groupon during the second quarter worth approximately $248,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Groupon during the second quarter worth approximately $268,000. 66.15% of the stock is owned by institutional investors and hedge funds.

About Groupon

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

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