Groupon (NASDAQ:GRPN) Trading 5.4% Higher - Here's What Happened

Groupon, Inc. (NASDAQ:GRPN - Get Free Report) shot up 5.4% on Friday . The company traded as high as $33.80 and last traded at $34.08. 383,106 shares were traded during trading, a decline of 73% from the average session volume of 1,421,154 shares. The stock had previously closed at $32.33.

Wall Street Analyst Weigh In

GRPN has been the topic of a number of analyst reports. Ascendiant Capital Markets upped their target price on shares of Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Northland Securities raised their price target on shares of Groupon from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Wall Street Zen downgraded shares of Groupon from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Roth Mkm boosted their price objective on shares of Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, The Goldman Sachs Group boosted their price target on shares of Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a research report on Monday, May 12th. One 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. Based on data from MarketBeat.com, Groupon presently has an average rating of "Moderate Buy" and a consensus target price of $23.25.

Groupon Stock 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 firm has a market cap of $1.35 billion, a P/E ratio of 66.45 and a beta of 1.04. The firm's fifty day moving average price is $24.00 and its 200 day moving average price is $16.52.

Groupon (NASDAQ:GRPN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The coupon company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.38. The business had revenue of $117.19 million for 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%. Sell-side analysts expect that Groupon, Inc. will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Groupon

Several institutional investors have recently bought and sold shares of GRPN. Blueshift Asset Management LLC acquired a new position in shares of Groupon during the 4th quarter valued at about $732,000. BNP Paribas Financial Markets bought a new stake in Groupon in the fourth quarter valued at $422,000. Tyro Capital Management LLC acquired a new position in shares of Groupon during the fourth quarter valued at $20,964,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Groupon in the fourth quarter worth about $2,178,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Groupon by 32.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,463 shares of the coupon company's stock valued at $1,075,000 after purchasing an additional 21,918 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

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.