Groupon (NASDAQ:GRPN) Sets New 12-Month High - Still a Buy?

Shares of Groupon, Inc. (NASDAQ:GRPN - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $34.50 and last traded at $34.20, with a volume of 1760 shares trading hands. The stock had previously closed at $33.89.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GRPN. Ascendiant Capital Markets boosted their price target on shares of Groupon from $14.00 to $19.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Northland Securities boosted their price target on shares of Groupon from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Roth Capital reiterated a "buy" rating on shares of Groupon in a research report on Monday, June 2nd. The Goldman Sachs Group boosted their price target on shares of Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a research report on Monday, May 12th. Finally, Wall Street Zen cut shares of Groupon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Groupon has an average rating of "Moderate Buy" and a consensus price target of $23.25.

Groupon Price Performance

The company has a debt-to-equity ratio of 4.23, a current ratio of 0.89 and a quick ratio of 0.89. The firm's 50 day moving average is $25.13 and its 200 day moving average is $17.07. The firm has a market cap of $1.47 billion, a P/E ratio of -38.98 and a beta of 1.04.

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

Institutional Inflows and Outflows

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