The Goldman Sachs Group Issues Positive Forecast for Groupon (NASDAQ:GRPN) Stock Price

Groupon (NASDAQ:GRPN - Free Report) had its price target upped by The Goldman Sachs Group from $9.00 to $15.00 in a research note issued to investors on Monday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the coupon company's stock.

Several other research analysts have also issued reports on the company. Roth Mkm raised their price target on Groupon from $21.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Ascendiant Capital Markets raised their price target on Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $18.75.

Groupon Trading Down 0.2%

Shares of NASDAQ GRPN traded down $0.06 during midday trading on Monday, hitting $26.00. The stock had a trading volume of 1,191,255 shares, compared to its average volume of 1,400,978. The company's 50-day simple moving average is $18.84 and its 200 day simple moving average is $13.73. The firm has a market cap of $1.04 billion, a P/E ratio of 50.98 and a beta of 0.83. Groupon has a fifty-two week low of $7.75 and a fifty-two week high of $26.90. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93.

Groupon (NASDAQ:GRPN - Get Free Report) last released its earnings results on Wednesday, May 7th. The coupon company reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.38. Groupon had a return on equity of 91.94% and a net margin of 3.87%. The company had revenue of $117.19 million during the quarter, compared to analysts' expectations of $115.51 million. Research analysts anticipate that Groupon will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Continental General Insurance Co. bought a new position in Groupon during the first quarter worth about $42,847,000. Tyro Capital Management LLC bought a new position in Groupon during the fourth quarter worth about $20,964,000. Hennessy Advisors Inc. lifted its holdings in Groupon by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company's stock worth $10,399,000 after acquiring an additional 54,600 shares in the last quarter. Prentice Capital Management LP lifted its holdings in Groupon by 291.3% during the fourth quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company's stock worth $9,498,000 after acquiring an additional 581,943 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Groupon by 351.8% during the first quarter. Invesco Ltd. now owns 261,447 shares of the coupon company's stock worth $4,907,000 after acquiring an additional 203,585 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

About Groupon

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.