Groupon (NASDAQ:GRPN) Price Target Raised to $9.00

Groupon (NASDAQ:GRPN) had its price target increased by The Goldman Sachs Group from $8.00 to $9.00 in a research report released on Friday,Benzinga reports. They currently have a sell rating on the coupon company’s stock.

Groupon Stock Performance

Shares of NASDAQ:GRPN opened at $14.85 on Friday. The firm has a 50 day moving average of $11.56 and a 200 day moving average of $11.07. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66. Groupon has a 52 week low of $7.75 and a 52 week high of $18.47. The company has a market capitalization of $590.55 million, a price-to-earnings ratio of 29.12 and a beta of 1.41.

Hedge Funds Weigh In On Groupon

Several institutional investors and hedge funds have recently bought and sold shares of GRPN. Tyro Capital Management LLC purchased a new position in Groupon in the fourth quarter worth $20,964,000. Prentice Capital Management LP grew its holdings in shares of Groupon by 291.3% during the fourth quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company’s stock valued at $9,498,000 after buying an additional 581,943 shares during the last quarter. Prospect Capital Advisors LLC purchased a new stake in shares of Groupon during the fourth quarter valued at $2,935,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Groupon during the fourth quarter valued at $2,178,000. Finally, State Street Corp grew its holdings in shares of Groupon by 19.2% during the third quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock valued at $6,953,000 after buying an additional 114,400 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.