Groupon (NASDAQ:GRPN) Hits New 52-Week High - Time to Buy?

Groupon, Inc. (NASDAQ:GRPN - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $26.74 and last traded at $26.45, with a volume of 1693567 shares trading hands. The stock had previously closed at $26.04.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Ascendiant Capital Markets upped their price objective 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. Roth Mkm boosted their price objective on shares of Groupon from $21.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, The Goldman Sachs Group boosted their price target on Groupon from $9.00 to $15.00 and gave the stock a "sell" rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $18.75.

Groupon Stock Performance

The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 51.98 and a beta of 0.83. 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's 50-day moving average is $18.84 and its 200-day moving average is $13.78.

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

Institutional Investors Weigh In On Groupon

Large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Groupon by 31.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,606 shares of the coupon company's stock worth $837,000 after acquiring an additional 10,588 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Groupon during the 1st quarter valued at approximately $224,000. Cubist Systematic Strategies LLC bought a new position in shares of Groupon in the 1st quarter worth about $1,800,000. Continental General Insurance Co. bought a new position in Groupon in the first quarter worth about $42,847,000. Finally, FORA Capital LLC bought a new stake in shares of Groupon in the 1st quarter worth approximately $409,000. Institutional investors and hedge funds 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.