Groupon (NASDAQ:GRPN) Sets New 12-Month High Following Strong Earnings

Key Points

• Groupon's stock reached a new **52-week high** of $43.08 following a report of **better-than-expected quarterly earnings**, with an EPS of $0.46 exceeding estimates by $0.48.
• Several brokerages have modified their ratings and price targets for Groupon, with Roth Capital raising its target from $33.00 to **$47.00** and Northland Securities also increasing its target to **$35.00**.
• Approximately **90.05%** of Groupon's stock is owned by institutional investors, indicating significant confidence in the company's performance among larger financial entities.

Groupon, Inc. (NASDAQ:GRPN - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $43.08 and last traded at $38.21, with a volume of 1423836 shares traded. The stock had previously closed at $30.67.

The coupon company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.48. Groupon had a negative return on equity of 19.61% and a negative net margin of 1.89%. The company had revenue of $125.70 million during the quarter, compared to analysts' expectations of $122.46 million.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Roth Capital increased their target price on Groupon from $33.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Roth Mkm increased their price objective on shares of Groupon from $21.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Wall Street Zen upgraded Groupon from a "buy" rating to a "strong-buy" rating in a report on Saturday. The Goldman Sachs Group increased their target price on Groupon from $9.00 to $15.00 and gave the stock a "sell" rating in a report on Monday, May 12th. Finally, UBS Group initiated coverage on Groupon in a report on Thursday. They set a "mixed" rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Groupon has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GRPN. BNP Paribas Financial Markets bought a new position in shares of Groupon in the 4th quarter valued at about $422,000. Tyro Capital Management LLC bought a new position in shares of Groupon in the 4th quarter valued at about $20,964,000. Generali Investments CEE investicni spolecnost a.s. grew its stake in Groupon by 10.5% in the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 198,062 shares of the coupon company's stock valued at $3,718,000 after purchasing an additional 18,772 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Groupon by 32.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,463 shares of the coupon company's stock valued at $1,075,000 after purchasing an additional 21,918 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Groupon by 48,700.0% in the first quarter. GAMMA Investing LLC now owns 5,856 shares of the coupon company's stock valued at $1,100,000 after purchasing an additional 5,844 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

Groupon Stock Performance

The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 4.16. The stock has a 50 day simple moving average of $33.81 and a two-hundred day simple moving average of $22.79. The stock has a market capitalization of $1.33 billion, a P/E ratio of -137.41 and a beta of 1.15.

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.