Groupon (NASDAQ:GRPN) Trading Up 5.2% on Analyst Upgrade

Shares of Groupon, Inc. (NASDAQ:GRPN - Get Free Report) were up 5.2% during trading on Friday after Roth Capital raised their price target on the stock from $33.00 to $47.00. Roth Capital currently has a buy rating on the stock. Groupon traded as high as $41.26 and last traded at $38.96. Approximately 803,131 shares traded hands during trading, a decline of 47% from the average daily volume of 1,501,549 shares. The stock had previously closed at $37.03.

Several other brokerages have also recently commented on GRPN. Roth Mkm boosted their target price 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. Wall Street Zen cut shares of Groupon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Ascendiant Capital Markets lifted their price target 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 boosted their price objective on shares of Groupon from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Finally, The Goldman Sachs Group raised their target price on Groupon from $9.00 to $15.00 and gave the stock a "sell" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Groupon presently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Hedge Funds Weigh In On Groupon

Institutional investors have recently added to or reduced their stakes in the business. Continental General Insurance Co. bought a new stake in shares of Groupon in the 1st quarter valued at $42,847,000. Tyro Capital Management LLC acquired a new position in Groupon during the 4th quarter worth approximately $20,964,000. Prentice Capital Management LP boosted its holdings in Groupon by 291.3% in the fourth quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company's stock worth $9,498,000 after acquiring an additional 581,943 shares in the last quarter. Invesco Ltd. grew its stake in Groupon by 351.8% in the first quarter. Invesco Ltd. now owns 261,447 shares of the coupon company's stock valued at $4,907,000 after acquiring an additional 203,585 shares during the period. Finally, Prospect Capital Advisors LLC bought a new stake in shares of Groupon during the fourth quarter valued at approximately $2,935,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Groupon Stock Performance

The company has a debt-to-equity ratio of 4.23, a current ratio of 0.89 and a quick ratio of 0.89. The company has a fifty day moving average price of $25.51 and a 200 day moving average price of $17.26. The stock has a market cap of $1.49 billion, a P/E ratio of -39.38 and a beta of 1.04.

Groupon (NASDAQ:GRPN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The coupon company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.38. Groupon had a negative net margin of 8.13% and a negative return on equity of 83.07%. The business had revenue of $117.19 million during the quarter, compared to analyst estimates of $115.51 million. On average, equities analysts expect that Groupon, Inc. will post -0.31 EPS for the current year.

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.

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