Groupon (NASDAQ:GRPN) Given New $19.00 Price Target at Ascendiant Capital Markets

Groupon (NASDAQ:GRPN - Get Free Report) had its price objective lifted by equities researchers at Ascendiant Capital Markets from $14.00 to $19.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the coupon company's stock. Ascendiant Capital Markets' price target would suggest a potential upside of 11.18% from the stock's previous close.

Separately, The Goldman Sachs Group upped their price target on Groupon from $8.00 to $9.00 and gave the company a "sell" rating in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.75.

Groupon Stock Up 3.5 %

Groupon stock traded up $0.57 during midday trading on Monday, hitting $17.09. The stock had a trading volume of 1,826,150 shares, compared to its average volume of 1,338,630. The business has a fifty day moving average price of $11.88 and a 200 day moving average price of $11.18. Groupon has a 12 month low of $7.75 and a 12 month high of $18.47. The stock has a market cap of $680.37 million, a P/E ratio of 33.51 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.

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Hedge Funds Weigh In On Groupon

Several institutional investors have recently made changes to their positions in GRPN. Tyro Capital Management LLC acquired a new position in Groupon during the 4th quarter valued at approximately $20,964,000. Prentice Capital Management LP boosted its holdings in shares of Groupon by 291.3% during the fourth 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 during the period. Prospect Capital Advisors LLC bought a new position in shares of Groupon during the fourth quarter worth about $2,935,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Groupon in the 4th quarter worth about $2,178,000. Finally, State Street Corp increased 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 worth $6,953,000 after acquiring an additional 114,400 shares during the period. 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.