Groupon (NASDAQ:GRPN) Reaches New 12-Month High Following Analyst Upgrade

Shares of Groupon, Inc. (NASDAQ:GRPN - Get Free Report) hit a new 52-week high during trading 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 trading hands. The stock had previously closed at $32.38.

Other analysts have also recently issued reports about the company. 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 research note on Monday, May 12th. Roth Mkm upped their price target on 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 downgraded Groupon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Ascendiant Capital Markets upped their price target on Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a research 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Groupon currently has a consensus rating of "Moderate Buy" and an average price target of $23.25.

Hedge Funds Weigh In On Groupon

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Continental General Insurance Co. acquired a new position in shares of Groupon in the first quarter valued at approximately $42,847,000. Tyro Capital Management LLC bought a new position in shares of Groupon during the fourth quarter worth approximately $20,964,000. Prentice Capital Management LP increased its stake in shares of Groupon by 291.3% during the fourth quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company's stock worth $9,498,000 after purchasing an additional 581,943 shares during the period. Prospect Capital Advisors LLC acquired a new stake in shares of Groupon during the fourth quarter worth $2,935,000. Finally, Informed Momentum Co LLC acquired a new stake in shares of Groupon during the first quarter worth $4,148,000. 90.05% of the stock is owned by institutional investors.

Groupon Stock Up 3.0%

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 64.59 and a beta of 1.04. The stock has a fifty day moving average price of $22.49 and a two-hundred day moving average price of $15.71.

Groupon (NASDAQ:GRPN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share 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 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 EPS for the current year.

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.