Groupon (NASDAQ:GRPN) Reaches New 12-Month High Following Analyst Upgrade

Shares of Groupon, Inc. (NASDAQ:GRPN) reached a new 52-week high during mid-day trading on Wednesday after Northland Securities raised their price target on the stock from $30.00 to $35.00. Northland Securities currently has an outperform rating on the stock. Groupon traded as high as $32.97 and last traded at $32.44, with a volume of 1654982 shares traded. The stock had previously closed at $32.38.

Other research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Groupon from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. Roth Mkm upped their price target on shares of Groupon from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Ascendiant Capital Markets upped their price target on shares of Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. Finally, The Goldman Sachs Group increased their price objective on shares of Groupon from $9.00 to $15.00 and gave the company a “sell” rating in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.25.

Institutional Trading of Groupon

Hedge funds and other institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in shares of Groupon during the 4th quarter worth approximately $26,000. Picton Mahoney Asset Management increased its holdings in shares of Groupon by 68.2% during the 4th quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company’s stock worth $30,000 after buying an additional 992 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Groupon during the 4th quarter worth approximately $41,000. AlphaQuest LLC increased its holdings in shares of Groupon by 383.5% during the 1st quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company’s stock worth $70,000 after buying an additional 2,949 shares during the last quarter. Finally, Amundi increased its holdings in shares of Groupon by 35.5% during the 4th quarter. Amundi now owns 3,838 shares of the coupon company’s stock worth $47,000 after buying an additional 1,006 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Groupon Price Performance

The stock’s fifty day moving average price is $21.66 and its 200-day moving average price is $15.26. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 63.61 and a beta of 0.83. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.66.

Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.38. Groupon had a net margin of 3.87% and a return on equity of 91.94%. The firm had revenue of $117.19 million during the quarter, compared to the consensus estimate of $115.51 million. As a group, equities research analysts forecast that Groupon, Inc. will post -0.31 earnings per share for the current fiscal year.

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.