Groupon (NASDAQ:GRPN) Sets New 12-Month High After Better-Than-Expected Earnings

Groupon, Inc. (NASDAQ:GRPN) shares reached a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as $22.46 and last traded at $22.16, with a volume of 2070699 shares trading hands. The stock had previously closed at $16.98.

The coupon company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.38. The business had revenue of $117.19 million during 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%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Roth Mkm raised their price target on Groupon from $21.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. The Goldman Sachs Group lifted their target price on Groupon from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Friday, March 14th. Finally, Ascendiant Capital Markets upped 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. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Institutional Investors Weigh In On Groupon

Several large investors have recently made changes to their positions in GRPN. New York State Teachers Retirement System purchased a new position in Groupon during the 4th quarter valued at approximately $26,000. Picton Mahoney Asset Management boosted its position in shares of Groupon by 68.2% during the 4th quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company’s stock valued at $30,000 after acquiring an additional 992 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Groupon during the 4th quarter valued at approximately $41,000. Amundi increased its position in Groupon by 35.5% in the fourth quarter. Amundi now owns 3,838 shares of the coupon company’s stock worth $47,000 after purchasing an additional 1,006 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Groupon by 115.6% during the fourth quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company’s stock valued at $128,000 after purchasing an additional 78,423 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Groupon Stock Up 3.1 %

The firm has a market cap of $993.21 million, a P/E ratio of 48.94 and a beta of 0.83. The company’s 50-day simple moving average is $17.27 and its 200 day simple moving average is $13.19. 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 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.