Groupon (NASDAQ:GRPN) Hits New 12-Month High - Should You Buy?

Groupon, Inc. (NASDAQ:GRPN - Get Free Report)'s stock price hit 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 changing hands. The stock had previously closed at $26.04.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GRPN. Roth Mkm boosted their price target on Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. The Goldman Sachs Group boosted their price target on Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a report on Monday, May 12th. Finally, Ascendiant Capital Markets lifted their price objective on Groupon from $14.00 to $19.00 and gave the company a "buy" rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Groupon has an average rating of "Moderate Buy" and an average target price of $18.75.

Groupon Price Performance

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.66. The stock has a market capitalization of $1.04 billion, a PE ratio of 50.98 and a beta of 0.83. The firm has a 50 day moving average price of $18.84 and a 200 day moving average price of $13.73.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Picton Mahoney Asset Management lifted its holdings in shares of Groupon by 68.2% in the 4th quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company's stock valued at $30,000 after acquiring an additional 992 shares during the last quarter. Amundi raised its position in Groupon by 35.5% in the 4th quarter. Amundi now owns 3,838 shares of the coupon company's stock worth $47,000 after purchasing an additional 1,006 shares during the period. Rhumbline Advisers raised its position in Groupon by 3.2% in the 4th quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company's stock worth $410,000 after purchasing an additional 1,030 shares during the period. Charles Schwab Investment Management Inc. raised its position in Groupon by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company's stock worth $2,435,000 after purchasing an additional 1,449 shares during the period. Finally, California State Teachers Retirement System raised its position in Groupon by 6.8% in the 4th quarter. California State Teachers Retirement System now owns 23,897 shares of the coupon company's stock worth $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.