Groupon (NASDAQ:GRPN) Stock Price Up 5.2% After Analyst Upgrade

Groupon, Inc. (NASDAQ:GRPNGet Free Report)’s stock price rose 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 changed hands during mid-day 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 weighed in on GRPN. 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. Roth Mkm upped their price objective on shares of Groupon from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Wall Street Zen downgraded shares of Groupon from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. The Goldman Sachs Group upped 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, Northland Securities increased their target price on shares of Groupon from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Check Out Our Latest Report on Groupon

Hedge Funds Weigh In On Groupon

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Groupon by 31.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,606 shares of the coupon company’s stock valued at $837,000 after purchasing an additional 10,588 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Groupon during the 1st quarter valued at $224,000. Cubist Systematic Strategies LLC purchased a new position in shares of Groupon in the 1st quarter worth about $1,800,000. Continental General Insurance Co. purchased a new position in Groupon in the 1st quarter worth about $42,847,000. Finally, FORA Capital LLC bought a new position in shares of Groupon during the 1st quarter valued at approximately $409,000. Institutional investors own 90.05% of the company’s stock.

Groupon Stock Down 1.6%

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 4.23. The firm has a market capitalization of $1.45 billion, a P/E ratio of -38.36 and a beta of 1.04. The company has a 50 day simple moving average of $25.86 and a two-hundred day simple moving average of $17.49.

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

About Groupon

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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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