Groupon (NASDAQ:GRPN) Sets New 1-Year High - Still a Buy?
Groupon, Inc. (NASDAQ:GRPN) shares reached a new 52-week high of $18.50, closing at $18.24 with a trading volume of 1.61 million shares. Analysts have mixed ratings, with Ascendiant Capital raising its price target to $19 and maintaining a "buy" rating, while Goldman Sachs set a target of $9 with a "sell" rating. The stock has a consensus rating of "Moderate Buy" and an average target price of $17.75. Institutional investors hold 90.05% of the stock, indicating strong interest in the company.
Groupon, Inc. (NASDAQ:GRPN - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $18.50 and last traded at $18.24, with a volume of 1612161 shares traded. The stock had previously closed at $17.99.
Analyst Upgrades and Downgrades
- Top 3 Small Cap Stocks Emerging as Rotation Winners
GRPN has been the subject of several recent research reports. Ascendiant Capital Markets boosted their price target on Groupon from $14.00 to $19.00 and gave the company a "buy" rating in a research note on Monday, March 17th. The Goldman Sachs Group upped their target price 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.75.
Read Our Latest Analysis on GRPN
Groupon Price Performance
- MarketBeat Week in Review – 10/2 - 10/6
The firm has a market cap of $749.64 million, a price-to-earnings ratio of 36.92 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's 50-day moving average is $12.40 and its 200-day moving average is $11.32.
Hedge Funds Weigh In On Groupon
Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in Groupon in the third quarter valued at about $814,000. FMR LLC boosted its stake in shares of Groupon by 112.5% in the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company's stock valued at $53,000 after purchasing an additional 2,888 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Groupon by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 13,340 shares of the coupon company's stock valued at $130,000 after purchasing an additional 7,516 shares during the last quarter. Maverick Capital Ltd. increased its position in Groupon by 28.7% during the 3rd quarter. Maverick Capital Ltd. now owns 75,051 shares of the coupon company's stock worth $734,000 after purchasing an additional 16,734 shares in the last quarter. Finally, Centiva Capital LP bought a new position in Groupon in the 3rd quarter valued at approximately $442,000. Institutional investors and hedge funds own 90.05% of the company's stock.
Groupon Company Profile
(Get Free Report)- Is a Big Short Squeeze Looming for This Stock?
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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