Groupon (NASDAQ:GRPN) Reaches New 12-Month High After Better-Than-Expected 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.

Shares of Groupon, Inc. (NASDAQ:GRPN - Get Free Report) reached a new 52-week high on Thursday after the company announced better than expected quarterly earnings. The company 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 earnings per share 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 firm had revenue of $125.70 million for the quarter, compared to analysts' expectations of $122.46 million.

Wall Street Analyst Weigh In

Several research firms have issued reports on GRPN. Roth Mkm upped their price target on Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Northland Securities lifted their target price on Groupon from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group raised their price target on shares of Groupon from $9.00 to $15.00 and gave the stock a "sell" rating in a research note on Monday, May 12th. Roth Capital lifted their target price on shares of Groupon from $33.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Finally, Wall Street Zen upgraded shares of Groupon from a "buy" rating to a "strong-buy" rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Groupon presently has an average rating of "Moderate Buy" and a consensus price target of $28.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new stake in shares of Groupon in the 4th quarter valued at $422,000. Tyro Capital Management LLC bought a new stake in shares of Groupon in the fourth quarter worth approximately $20,964,000. Generali Investments CEE investicni spolecnost a.s. increased its holdings in Groupon by 10.5% during 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 buying an additional 18,772 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 worth $1,075,000 after purchasing an additional 21,918 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Groupon by 48,700.0% in the first quarter. GAMMA Investing LLC now owns 5,856 shares of the coupon company's stock worth $1,100,000 after buying an additional 5,844 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Groupon Trading Down 2.7%

The stock's 50 day moving average is $33.81 and its 200-day moving average is $22.96. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.16. The company has a market cap of $1.30 billion, a PE ratio of -134.68 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.