Groupon (NASDAQ:GRPN - Get Free Report) had its target price boosted by research analysts at The Goldman Sachs Group from $8.00 to $9.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "sell" rating on the coupon company's stock. The Goldman Sachs Group's price objective indicates a potential downside of 43.50% from the stock's previous close.
Groupon Stock Down 0.3 %
NASDAQ GRPN traded down $0.05 on Friday, reaching $15.93. 2,186,965 shares of the stock traded hands, compared to its average volume of 1,340,128. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93. The company has a fifty day moving average price of $11.70 and a 200-day moving average price of $11.10. The company has a market cap of $634.19 million, a price-to-earnings ratio of 31.24 and a beta of 1.41. Groupon has a 12 month low of $7.75 and a 12 month high of $18.47.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. New York State Teachers Retirement System bought a new position in shares of Groupon in the 4th quarter worth $26,000. Picton Mahoney Asset Management grew its stake in Groupon by 68.2% during the 4th 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 last quarter. KLP Kapitalforvaltning AS purchased a new position in Groupon during the 4th quarter worth $41,000. Amundi grew its stake in Groupon by 35.5% during 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 grew its stake in Groupon by 112.5% during the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company's stock worth $53,000 after buying an additional 2,888 shares during the last quarter. 90.05% of the stock is owned by institutional investors.
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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