Northland Securities Forecasts Strong Price Appreciation for Groupon (NASDAQ:GRPN) Stock

Groupon (NASDAQ:GRPN - Free Report) had its target price upped by Northland Securities from $30.00 to $35.00 in a report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the coupon company's stock.

A number of other brokerages have also issued reports on GRPN. Ascendiant Capital Markets raised their price target on Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Wall Street Zen cut shares of Groupon from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. The Goldman Sachs Group raised their price objective on shares of Groupon from $9.00 to $15.00 and gave the stock a "sell" rating in a report on Monday, May 12th. Finally, Roth Mkm boosted their target price on shares of Groupon from $21.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $23.25.

Groupon Price Performance

Shares of NASDAQ GRPN traded down $0.56 during trading on Tuesday, hitting $31.97. 769,456 shares of the company were exchanged, compared to its average volume of 1,409,684. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. Groupon has a 1 year low of $7.75 and a 1 year high of $33.05. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 62.69 and a beta of 0.83. The firm's fifty day moving average price is $21.94 and its 200 day moving average price is $15.38.

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 for the quarter, compared to analyst estimates of $115.51 million. Groupon had a net margin of 3.87% and a return on equity of 91.94%. On average, sell-side analysts expect that Groupon will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of Groupon

A number of institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Groupon by 31.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,606 shares of the coupon company's stock worth $837,000 after acquiring an additional 10,588 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Groupon in the first quarter valued at approximately $224,000. Cubist Systematic Strategies LLC bought a new stake in shares of Groupon during the first quarter valued at approximately $1,800,000. Continental General Insurance Co. bought a new position in Groupon in the 1st quarter worth approximately $42,847,000. Finally, FORA Capital LLC acquired a new position in Groupon during the 1st quarter worth $409,000. 90.05% of the stock is owned by institutional investors and hedge funds.

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.