Groupon, Inc. (NASDAQ:GRPN) Receives Average Recommendation of "Moderate Buy" from Brokerages

Groupon, Inc. (NASDAQ:GRPN - Get Free Report) has received an average rating of "Moderate Buy" from the five research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $17.75.

GRPN has been the topic of several recent research reports. The Goldman Sachs Group upped their price target on Groupon from $8.00 to $9.00 and gave the stock a "sell" rating in a research note on Friday, March 14th. 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 report on Monday.

Groupon Trading Up 3.5 %

Shares of NASDAQ GRPN traded up $0.57 during midday trading on Monday, hitting $17.09. 1,826,150 shares of the company traded hands, compared to its average volume of 1,338,630. Groupon has a 12-month low of $7.75 and a 12-month high of $18.47. The firm has a market cap of $680.37 million, a P/E ratio of 33.51 and a beta of 1.41. The stock has a 50-day moving average price of $11.88 and a 200 day moving average price of $11.18. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93.

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Institutional Investors Weigh In On Groupon

Several hedge funds have recently added to or reduced their stakes in GRPN. Picton Mahoney Asset Management raised 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 worth $30,000 after purchasing an additional 992 shares during the last quarter. Amundi increased its stake in Groupon by 35.5% during 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 in the last quarter. Rhumbline Advisers raised its holdings in Groupon by 3.2% in the fourth quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company's stock worth $410,000 after buying an additional 1,030 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Groupon by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company's stock worth $2,435,000 after buying an additional 1,449 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of 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 buying an additional 1,498 shares during the last quarter. 90.05% of the stock is owned by 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.