Groupon, Inc. (NASDAQ:GRPN - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $9.77, but opened at $12.25. Groupon shares last traded at $13.14, with a volume of 2,466,129 shares trading hands.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group increased their price target on Groupon from $8.00 to $9.00 and gave the company a "sell" rating in a research note on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.33.
Read Our Latest Stock Analysis on Groupon
Groupon Price Performance
The firm has a market cap of $590.55 million, a price-to-earnings ratio of 29.12 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 company has a 50 day moving average of $11.56 and a 200 day moving average of $11.10.
Hedge Funds Weigh In On Groupon
Several hedge funds have recently modified their holdings of the stock. Tyro Capital Management LLC bought a new position in shares of Groupon in the 4th quarter valued at about $20,964,000. Hennessy Advisors Inc. grew its holdings in shares of Groupon by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company's stock valued at $10,399,000 after acquiring an additional 54,600 shares in the last quarter. Prentice Capital Management LP grew its holdings in shares of Groupon by 291.3% in the 4th quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company's stock valued at $9,498,000 after acquiring an additional 581,943 shares in the last quarter. State Street Corp grew its holdings in shares of Groupon by 19.2% in the 3rd quarter. State Street Corp now owns 710,942 shares of the coupon company's stock valued at $6,953,000 after acquiring an additional 114,400 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Groupon by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company's stock valued at $5,542,000 after acquiring an additional 1,498 shares in the last quarter. Institutional investors 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.
Further Reading
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