Goldman Sachs Maintains Groupon Sell Recommendation

By 247patrick Published Aug 11, 10:38PM EDT

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Goldman Sachs Maintains Groupon Sell Recommendation — © seewhatmitchsee / iStock Editorial via Getty Images

Fintel reports that on August 11, 2023, Goldman Sachs maintained coverage of Groupon (NASDAQ:GRPN) with a Sell recommendation.

Analyst Price Forecast Suggests 36.54% Downside

As of August 2, 2023, the average one-year price target for Groupon is 4.82. The forecasts range from a low of 3.03 to a high of $8.92. The average price target represents a decrease of 36.54% from its latest reported closing price of 7.60.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Groupon is 661MM, an increase of 21.73%. The projected annual non-GAAP EPS is 0.72.

What is the Fund Sentiment?

There are 224 funds or institutions reporting positions in Groupon. This is a decrease of 27 owner(s) or 10.76% in the last quarter. Average portfolio weight of all funds dedicated to GRPN is 0.10%, a decrease of 52.02%. Total shares owned by institutions decreased in the last three months by 17.73% to 18,159K shares. The put/call ratio of GRPN is 0.56, indicating a bullish outlook.

What are Other Shareholders Doing?

Pale Fire Capital SE holds 6,717K shares representing 21.51% ownership of the company. No change in the last quarter.

Maple Rock Capital Partners holds 2,026K shares representing 6.49% ownership of the company. No change in the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 699K shares representing 2.24% ownership of the company. No change in the last quarter.

Susquehanna International Group, Llp holds 682K shares representing 2.18% ownership of the company. In it’s prior filing, the firm reported owning 185K shares, representing an increase of 72.84%. The firm increased its portfolio allocation in GRPN by 159.14% over the last quarter.

Charles Schwab Investment Management holds 616K shares representing 1.97% ownership of the company. In it’s prior filing, the firm reported owning 610K shares, representing an increase of 0.96%. The firm increased its portfolio allocation in GRPN by 33.16% over the last quarter.

Groupon Background Information
(This description is provided by the company.)

Groupon is an experiences marketplace where consumers discover fun things to do and local businesses thrive. For its customers, this means giving them an amazing selection of experiences at great values. For its merchants, this means making it easy for them to partner with Groupon and reach millions of consumers around the world.

This article originally appeared on Fintel