Groupon (NASDAQ:GRPN) Shares Up 5.2% Following Analyst Upgrade

Groupon, Inc. (NASDAQ:GRPN - Get Free Report)'s stock price rose 5.2% during mid-day 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 changed 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.

Other equities research analysts have also issued research reports about the company. Northland Securities boosted their price target on Groupon from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Wall Street Zen cut shares of Groupon from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. The Goldman Sachs Group boosted their target price on shares of Groupon from $9.00 to $15.00 and gave the stock a "sell" rating in a research report on Monday, May 12th. Roth Mkm raised their price target on shares of Groupon from $21.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Ascendiant Capital Markets lifted their price objective on shares of Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Groupon has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Institutional Investors Weigh In On Groupon

A number of institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 buying an additional 10,588 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Groupon in the 1st quarter valued at $224,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Groupon in the 1st quarter valued at $1,800,000. Continental General Insurance Co. acquired a new stake in shares of Groupon in the first quarter worth $42,847,000. Finally, FORA Capital LLC purchased a new position in shares of Groupon during the first quarter worth $409,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Groupon Trading Up 1.3%

The stock has a market cap of $1.47 billion, a PE ratio of -38.87 and a beta of 1.04. The company's fifty day moving average is $25.86 and its 200-day moving average is $17.53. The company has a debt-to-equity ratio of 4.23, a current ratio of 0.89 and a quick ratio of 0.89.

Groupon (NASDAQ:GRPN - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $115.51 million. Groupon had a negative return on equity of 83.07% and a negative net margin of 8.13%. On average, analysts predict that Groupon, Inc. will post -0.31 earnings per share for the current fiscal 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.