Groupon (NASDAQ:GRPN) Reaches New 52-Week High on Analyst Upgrade

Shares of Groupon, Inc. (NASDAQ:GRPN - Get Free Report) reached a new 52-week high on Wednesday after Northland Securities raised their price target on the stock from $30.00 to $35.00. Northland Securities currently has an outperform rating on the stock. Groupon traded as high as $32.97 and last traded at $32.44, with a volume of 1654982 shares. The stock had previously closed at $32.38.

A number of other analysts have also recently issued reports on GRPN. Wall Street Zen cut Groupon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group lifted 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. Ascendiant Capital Markets increased their price objective on shares of Groupon from $14.00 to $19.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Finally, Roth Mkm boosted their price target on Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $23.25.

Institutional Trading of Groupon

Several large investors have recently made changes to their positions in GRPN. New York State Teachers Retirement System acquired a new position in Groupon during the 4th quarter worth about $26,000. Picton Mahoney Asset Management lifted its position in shares of Groupon by 68.2% during the fourth quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company's stock worth $30,000 after purchasing an additional 992 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Groupon during the fourth quarter valued at approximately $41,000. Amundi grew its stake in shares of Groupon by 35.5% during the fourth quarter. Amundi now owns 3,838 shares of the coupon company's stock valued at $47,000 after purchasing an additional 1,006 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Groupon by 383.5% in the first quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company's stock valued at $70,000 after purchasing an additional 2,949 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

Groupon Stock Down 1.7%

The firm's 50-day moving average is $21.94 and its two-hundred day moving average is $15.38. The stock has a market cap of $1.27 billion, a P/E ratio of 62.69 and a beta of 0.83. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93.

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

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.