Groupon (NASDAQ:GRPN) Sets New 12-Month High - Time to Buy?

Groupon, Inc. (NASDAQ:GRPN - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $27.87 and last traded at $27.00, with a volume of 471710 shares traded. The stock had previously closed at $26.67.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Roth Mkm raised their target price 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. Ascendiant Capital Markets raised their target price on Groupon from $14.00 to $19.00 and gave the company a "buy" rating in a research note on Monday, March 17th. The Goldman Sachs Group raised their target price on Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a research note on Monday, May 12th. Finally, Wall Street Zen lowered Groupon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $18.75.

Groupon Stock Performance

The business's 50-day moving average price is $20.42 and its 200-day moving average price is $14.54. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $1.15 billion, a P/E ratio of 56.69 and a beta of 0.83.

Groupon (NASDAQ:GRPN - Get Free Report) last issued its earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.38. Groupon had a net margin of 3.87% and a return on equity of 91.94%. The company had revenue of $117.19 million during the quarter, compared to the consensus estimate of $115.51 million. As a group, sell-side analysts expect that Groupon, Inc. will post -0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Picton Mahoney Asset Management boosted its stake in Groupon by 68.2% during the fourth quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company's stock valued at $30,000 after buying an additional 992 shares during the last quarter. Amundi boosted its position in shares of Groupon by 35.5% during the 4th quarter. Amundi now owns 3,838 shares of the coupon company's stock valued at $47,000 after acquiring an additional 1,006 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Groupon by 3.2% during the 4th quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company's stock valued at $410,000 after acquiring an additional 1,030 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Groupon by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company's stock valued at $2,435,000 after acquiring an additional 1,449 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Groupon by 6.8% during the 4th quarter. California State Teachers Retirement System now owns 23,897 shares of the coupon company's stock valued at $290,000 after acquiring an additional 1,526 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Groupon Company Profile

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.