Groupon, Inc. (NASDAQ:GRPN - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $18.50 and last traded at $18.24, with a volume of 1612161 shares. The stock had previously closed at $17.99.
Analyst Ratings Changes
GRPN has been the subject of a number of research analyst reports. Ascendiant Capital Markets raised their target price on 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 boosted their price target on Groupon from $8.00 to $9.00 and gave the stock a "sell" rating in a report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $17.75.
View Our Latest Report on GRPN
Groupon Trading Down 0.1 %
The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66. The company has a market cap of $749.24 million, a P/E ratio of 36.90 and a beta of 1.41. The business has a 50-day moving average price of $12.72 and a two-hundred day moving average price of $11.43.
Institutional Investors Weigh In On Groupon
Hedge funds have recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new stake in Groupon during the 4th quarter worth approximately $26,000. Picton Mahoney Asset Management lifted its position 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 valued at $30,000 after buying an additional 992 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Groupon during the fourth quarter valued at approximately $41,000. Amundi increased its holdings in shares of Groupon by 35.5% in 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. Finally, FMR LLC boosted its holdings in 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 during the period. Institutional investors and hedge funds own 90.05% of the company's stock.
Groupon Company Profile
(
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.
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