Groupon, Inc. (NASDAQ:GRPN - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $19.17 and last traded at $19.08, with a volume of 348687 shares traded. The stock had previously closed at $18.82.
Wall Street Analysts Forecast Growth
GRPN has been the topic of a number of recent research reports. Ascendiant Capital Markets upped their target price on shares of Groupon from $14.00 to $19.00 and gave the company a "buy" rating in a report on Monday, March 17th. The Goldman Sachs Group raised their target price on shares of Groupon from $8.00 to $9.00 and gave the stock a "sell" rating in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.75.
Get Our Latest Report on GRPN
Groupon Stock Performance
The company has a market cap of $676.39 million, a price-to-earnings ratio of 33.31 and a beta of 1.41. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.66. The stock's 50 day moving average price is $13.35 and its 200 day moving average price is $11.64.
Institutional Investors Weigh In On Groupon
A number of institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new stake in shares of Groupon during the 4th quarter worth about $26,000. Picton Mahoney Asset Management grew its stake in Groupon by 68.2% during the fourth 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 period. KLP Kapitalforvaltning AS acquired a new stake in shares of Groupon in the fourth quarter worth $41,000. Amundi lifted 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 valued at $47,000 after acquiring an additional 1,006 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Groupon by 112.5% during the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company's stock valued at $53,000 after acquiring an additional 2,888 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.
About Groupon
(
Get Free Report)
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.
Featured Stories
Before you consider Groupon, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Groupon wasn't on the list.
While Groupon currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
