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

Shares of Groupon, Inc. (NASDAQ:GRPN) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $17.75.

A number of brokerages have recently weighed in on GRPN. Ascendiant Capital Markets raised 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. The Goldman Sachs Group raised their price objective on shares of Groupon from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Friday, March 14th.

Groupon Stock Up 3.5 %

GRPN stock opened at $17.09 on Monday. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. The company’s 50 day simple moving average is $11.98 and its 200-day simple moving average is $11.20. Groupon has a 12 month low of $7.75 and a 12 month high of $18.47. The firm has a market capitalization of $680.37 million, a PE ratio of 33.51 and a beta of 1.41.

Institutional Trading of Groupon

Several hedge funds and other institutional investors have recently bought and sold shares of GRPN. Tyro Capital Management LLC purchased a new stake in Groupon in the 4th quarter worth approximately $20,964,000. Prentice Capital Management LP grew its stake in Groupon by 291.3% in the 4th quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company’s stock worth $9,498,000 after acquiring an additional 581,943 shares during the period. Prospect Capital Advisors LLC purchased a new stake in Groupon in the 4th quarter worth approximately $2,935,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Groupon in the 4th quarter worth approximately $2,178,000. Finally, State Street Corp grew its stake in Groupon by 19.2% in the 3rd quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock worth $6,953,000 after acquiring an additional 114,400 shares during the period. 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.