Analysts Set Groupon, Inc. (NASDAQ:GRPN) Target Price at $12.10

Groupon, Inc. (NASDAQ:GRPN – Get Rating) has received an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $11.10.

A number of research firms recently weighed in on GRPN. Barclays decreased their target price on shares of Groupon from $6.00 to $4.00 in a report on Friday. StockNews.com started coverage on shares of Groupon in a research note on Thursday. They issued a “sell” rating for the company. Finally, Credit Suisse Group decreased their price target on shares of Groupon from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday.

Groupon Trading Down 16.5 %

NASDAQ GRPN opened at $4.09 on Thursday. The company’s 50 day moving average is $7.45 and its 200-day moving average is $8.10. Groupon has a 12-month low of $3.85 and a 12-month high of $21.17. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.77 and a quick ratio of 0.77.

Insider Activity

In related news, Director Jan Barta acquired 6,716,966 shares of Groupon stock in a transaction dated Tuesday, December 20th. The shares were purchased at an average price of $7.28 per share, for a total transaction of $48,899,512.48. Following the completion of the transaction, the director now directly owns 6,716,966 shares in the company, valued at approximately $48,899,512.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 15.90% of the company’s stock.

Institutional Investors Weigh In On Groupon

Several large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its position in Groupon by 11.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 13,884 shares of the coupon company’s stock valued at $119,000 after acquiring an additional 1,402 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Groupon by 7.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,335 shares of the coupon company’s stock valued at $217,000 after purchasing an additional 1,800 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Groupon by 15.4% during the third quarter. Janney Montgomery Scott LLC now owns 17,200 shares of the coupon company’s stock valued at $137,000 after purchasing an additional 2,300 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Groupon in the first quarter worth about $50,000. Finally, Quantbot Technologies LP purchased a new stake in Groupon in the first quarter worth about $55,000. Institutional investors own 57.11% of the company’s stock.

About Groupon

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Groupon, Inc operates as a global scaled two-sided marketplace that connects consumers to merchants. It operates through the North America and International segments. The company was founded by Andrew D. Mason, Eric Paul Lefkofsky, and Bradley A. Keywell in 2008 and is headquartered in Chicago, IL.