Groupon (NASDAQ:GRPN) Hits New 52-Week High - What's Next?

Groupon, Inc. (NASDAQ:GRPN - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $29.49 and last traded at $28.91, with a volume of 1106706 shares trading hands. The stock had previously closed at $28.42.

Wall Street Analyst Weigh In

GRPN has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a research report on Monday, May 12th. Wall Street Zen lowered Groupon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Roth Mkm increased their price target on Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, Ascendiant Capital Markets increased their price target 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, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Groupon presently has an average rating of "Moderate Buy" and a consensus price target of $18.75.

Groupon Price Performance

The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $1.29 billion, a P/E ratio of 63.49 and a beta of 0.83. The firm has a 50 day moving average price of $21.39 and a two-hundred day moving average price of $15.14.

Groupon (NASDAQ:GRPN - Get Free Report) last posted its quarterly 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 return on equity of 91.94% and a net margin of 3.87%. On average, analysts predict that Groupon, Inc. will post -0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System bought a new position in shares of Groupon during the 4th quarter worth $26,000. Picton Mahoney Asset Management boosted its stake in Groupon by 68.2% in the 4th quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company's stock worth $30,000 after purchasing an additional 992 shares during the period. KLP Kapitalforvaltning AS bought a new position in Groupon in the 4th quarter worth about $41,000. AlphaQuest LLC boosted its stake in Groupon by 383.5% in the 1st quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company's stock worth $70,000 after purchasing an additional 2,949 shares during the period. Finally, Amundi boosted its stake 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. Institutional investors own 90.05% of the company's stock.

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.