Northland Securities Issues Positive Forecast for Groupon (NASDAQ:GRPN) Stock Price

Groupon (NASDAQ:GRPN) had its target price raised by Northland Securities from $30.00 to $35.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the coupon company’s stock.

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

Groupon Stock Performance

Shares of GRPN stock opened at $32.44 on Tuesday. The firm’s 50 day moving average price is $21.66 and its 200-day moving average price is $15.26. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93. Groupon has a one year low of $7.75 and a one year high of $32.97. The firm has a market cap of $1.29 billion, a P/E ratio of 63.61 and a beta of 0.83.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Wednesday, May 7th. The coupon company reported $0.18 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $115.51 million. As a group, equities research analysts predict that Groupon will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Groupon

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

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.