Groupon, Inc. (NASDAQ:GRPN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Groupon, Inc. (NASDAQ:GRPN) have received a consensus recommendation of “Moderate Buy” from the four analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $17.33.

Several research analysts have recently commented on the company. Ascendiant Capital Markets boosted their target price on Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a report on Monday. The Goldman Sachs Group lifted their price target on Groupon from $8.00 to $9.00 and gave the company a “sell” rating in a report on Friday.

Institutional Investors Weigh In On Groupon

Several hedge funds have recently bought and sold shares of the company. Picton Mahoney Asset Management increased its holdings in shares of Groupon by 68.2% in the fourth quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company’s stock valued at $30,000 after purchasing an additional 992 shares during the last quarter. Amundi grew its stake in Groupon by 35.5% in the 4th quarter. Amundi now owns 3,838 shares of the coupon company’s stock valued at $47,000 after buying an additional 1,006 shares during the last quarter. Rhumbline Advisers grew its stake in Groupon by 3.2% in the 4th quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company’s stock valued at $410,000 after buying an additional 1,030 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Groupon by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company’s stock worth $2,435,000 after acquiring an additional 1,449 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Groupon by 0.3% during the third quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company’s stock worth $5,542,000 after acquiring an additional 1,498 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Groupon Price Performance

Shares of Groupon stock opened at $14.85 on Monday. Groupon has a twelve month low of $7.75 and a twelve month high of $18.47. 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 $591.19 million, a P/E ratio of 29.12 and a beta of 1.41. The firm’s 50-day simple moving average is $11.56 and its 200-day simple moving average is $11.07.

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.