Groupon, Inc. (NASDAQ:GRPN - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock 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.
Analysts Set New Price Targets
Several equities analysts recently commented on GRPN shares. 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. The Goldman Sachs Group upped their price objective on Groupon from $8.00 to $9.00 and gave the stock a "sell" rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Groupon has a consensus rating of "Moderate Buy" and a consensus price target of $17.75.
Read Our Latest Report on Groupon
Groupon Stock Performance
The stock's 50-day moving average is $12.72 and its 200-day moving average is $11.44. 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 has a market cap of $753.42 million, a price-to-earnings ratio of 37.27 and a beta of 1.41.
Institutional Investors Weigh In On Groupon
Several large investors have recently made changes to their positions in the business. New York State Teachers Retirement System purchased a new stake in Groupon during the 4th quarter worth $26,000. Picton Mahoney Asset Management boosted its position in shares of Groupon by 68.2% in 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 purchased a new stake in shares of Groupon in the fourth quarter worth about $41,000. Amundi grew its stake in shares of Groupon by 35.5% in the fourth quarter. Amundi now owns 3,838 shares of the coupon company's stock valued at $47,000 after buying an additional 1,006 shares in the last quarter. Finally, FMR LLC raised 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 buying an additional 2,888 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.
About Groupon
(
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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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