Groupon (NASDAQ:GRPN) Reaches New 12-Month High - What's Next?

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Roth Capital restated a "buy" rating on shares of Groupon in a research note on Monday, June 2nd. Ascendiant Capital Markets lifted their target price on shares of Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. The Goldman Sachs Group boosted their target price on shares of Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a report on Monday, May 12th. 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 report on Tuesday, June 3rd. Finally, Wall Street Zen downgraded shares of Groupon from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.25.

Groupon Stock Performance

The business has a 50 day moving average price of $24.00 and a 200 day moving average price of $16.62. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $1.37 billion, a PE ratio of 67.73 and a beta of 1.04.

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

Institutional Investors Weigh In On Groupon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRPN. Continental General Insurance Co. bought a new stake in Groupon in the 1st quarter worth approximately $42,847,000. Tyro Capital Management LLC bought a new stake in shares of Groupon during the 4th quarter worth approximately $20,964,000. Prentice Capital Management LP boosted its holdings in Groupon by 291.3% during the 4th quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company's stock valued at $9,498,000 after acquiring an additional 581,943 shares during the period. Prospect Capital Advisors LLC bought a new stake in Groupon during the 4th quarter valued at about $2,935,000. Finally, Informed Momentum Co LLC bought a new stake in Groupon during the 1st quarter valued at $4,148,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

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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