Groupon (NASDAQ:GRPN) Price Target Raised to $47.00

Groupon (NASDAQ:GRPN - Get Free Report) had its price objective increased by equities researchers at Roth Capital from $33.00 to $47.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the coupon company's stock. Roth Capital's target price indicates a potential upside of 22.64% from the stock's current price.

Other research analysts also recently issued research reports about the stock. Northland Securities upped their price objective on shares of Groupon from $30.00 to $35.00 and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. Wall Street Zen downgraded shares of Groupon from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. The Goldman Sachs Group upped their price target on shares of Groupon from $9.00 to $15.00 and gave the stock a "sell" rating in a research report on Monday, May 12th. Roth Mkm boosted their price objective 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. Finally, Ascendiant Capital Markets upped their price objective on Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $28.00.

Groupon Trading Up 3.5%

Shares of GRPN traded up $1.29 on Friday, hitting $38.32. 1,283,913 shares of the stock traded hands, compared to its average volume of 1,438,671. Groupon has a 1 year low of $7.75 and a 1 year high of $41.21. The stock's 50 day moving average is $25.51 and its two-hundred day moving average is $17.26. The firm has a market capitalization of $1.53 billion, a P/E ratio of -40.34 and a beta of 1.04. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 4.23.

Groupon (NASDAQ:GRPN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The coupon company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.38. The business had revenue of $117.19 million for the quarter, compared to analysts' expectations of $115.51 million. Groupon had a negative return on equity of 83.07% and a negative net margin of 8.13%. As a group, sell-side analysts predict that Groupon will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On Groupon

A number of hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Groupon by 31.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,606 shares of the coupon company's stock worth $837,000 after purchasing an additional 10,588 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Groupon in the first quarter valued at approximately $224,000. Cubist Systematic Strategies LLC bought a new stake in shares of Groupon during the first quarter valued at approximately $1,800,000. Continental General Insurance Co. acquired a new position in shares of Groupon during the first quarter worth approximately $42,847,000. Finally, FORA Capital LLC bought a new position in Groupon in the 1st quarter worth approximately $409,000. 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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