Shares of Groupon, Inc. (NASDAQ:GRPN - Get Free Report) saw strong trading volume on Monday . 1,335,953 shares were traded during mid-day trading, a decline of 2% from the previous session's volume of 1,367,972 shares.The stock last traded at $17.57 and had previously closed at $19.89.
Wall Street Analyst Weigh In
GRPN has been the topic of a number of recent research reports. The Goldman Sachs Group upped their target price on shares of Groupon from $8.00 to $9.00 and gave the stock a "sell" rating in a research report on Friday, March 14th. Ascendiant Capital Markets raised their target price 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 stock a "buy" rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $17.25.
View Our Latest Report on GRPN
Groupon Stock Down 3.0 %
The company's 50-day moving average is $16.36 and its two-hundred day moving average is $12.86. 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 company has a market cap of $709.09 million, a P/E ratio of 34.94 and a beta of 0.93.
Institutional Trading of Groupon
Institutional investors have recently made changes to their positions in the stock. Blueshift Asset Management LLC bought a new position in shares of Groupon in the 4th quarter worth approximately $732,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Groupon in the 4th quarter worth $2,178,000. Cruiser Capital Advisors LLC bought a new position in Groupon during the fourth quarter valued at approximately $304,000. Hennessy Advisors Inc. grew its holdings in shares of Groupon by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company's stock valued at $10,399,000 after purchasing an additional 54,600 shares in the last quarter. Finally, Corient Private Wealth LLC bought a new stake in shares of Groupon in the 4th quarter worth about $510,000. Hedge funds and other institutional investors own 90.05% of the company's stock.
Groupon Company Profile
(
Get Free Report)
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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