Groupon (NASDAQ:GRPN) Given New $15.00 Price Target at The Goldman Sachs Group

Groupon (NASDAQ:GRPN - Get Free Report) had its price objective lifted by research analysts at The Goldman Sachs Group from $9.00 to $15.00 in a research report issued to clients and investors on Monday,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 42.55% from the company's current price.

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

Groupon Price Performance

GRPN traded up $1.12 during midday trading on Monday, hitting $26.11. 1,277,362 shares of the company traded hands, compared to its average volume of 1,410,578. 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 market capitalization of $1.04 billion, a price-to-earnings ratio of 51.22 and a beta of 0.83. Groupon has a 52-week low of $7.75 and a 52-week high of $26.38. The business has a 50 day simple moving average of $17.27 and a two-hundred day simple moving average of $13.23.

Groupon (NASDAQ:GRPN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The coupon company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.38. The firm had revenue of $117.19 million during the quarter, compared to analysts' expectations of $115.51 million. Groupon had a net margin of 3.87% and a return on equity of 91.94%. On average, equities analysts forecast that Groupon will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Groupon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRPN. Tyro Capital Management LLC bought a new position in Groupon in the fourth quarter valued at approximately $20,964,000. Prentice Capital Management LP lifted its stake in Groupon by 291.3% in the fourth quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company's stock valued at $9,498,000 after buying an additional 581,943 shares in the last quarter. Prospect Capital Advisors LLC bought a new position in Groupon in the fourth quarter valued at approximately $2,935,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in Groupon in the fourth quarter valued at approximately $2,178,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Groupon in the first quarter valued at approximately $2,817,000. Institutional investors and hedge funds own 90.05% of the company's stock.

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.

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