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

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

GRPN has been the topic of several other research reports. Roth Mkm reissued a “buy” rating and set a $26.00 target price on shares of Groupon in a research report on Wednesday, October 16th. Northland Securities dropped their price target on Groupon from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Groupon currently has an average rating of “Moderate Buy” and an average price target of $17.00.

Groupon Stock Down 2.2 %

Shares of NASDAQ:GRPN opened at $8.12 on Thursday. The stock has a market cap of $322.93 million, a price-to-earnings ratio of 15.92 and a beta of 1.77. The business’s 50 day moving average is $10.46 and its 200 day moving average is $13.06. Groupon has a 12-month low of $7.75 and a 12-month high of $19.56. The company has a quick ratio of 0.94, a current ratio of 0.93 and a debt-to-equity ratio of 5.66.

Groupon (NASDAQ:GRPN) last posted its earnings results on Tuesday, November 12th. The coupon company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.58. Groupon had a net margin of 3.87% and a return on equity of 91.94%. The firm had revenue of $114.48 million during the quarter, compared to analyst estimates of $119.02 million. During the same quarter in the prior year, the business posted ($0.22) EPS. On average, sell-side analysts forecast that Groupon will post -0.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Groupon

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in Groupon by 0.3% during the third quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company’s stock valued at $5,542,000 after purchasing an additional 1,498 shares during the period. State Street Corp grew its stake 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 worth $6,953,000 after acquiring an additional 114,400 shares during the period. Stifel Financial Corp purchased a new stake in Groupon in the 3rd quarter worth about $201,000. Prentice Capital Management LP increased its holdings 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 acquiring an additional 30,106 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Groupon during the third quarter valued at about $174,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Groupon Company Profile

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.