Brokerages Set Groupon, Inc. (NASDAQ:GRPN) Target Price at $17.33

Groupon, Inc. (NASDAQ:GRPN) has earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $17.75.

Several research firms have commented on GRPN. Ascendiant Capital Markets raised their price objective on Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a report on Monday. The Goldman Sachs Group boosted their price objective on shares of Groupon from $8.00 to $9.00 and gave the company a “sell” rating in a report on Friday, March 14th.

Institutional Investors Weigh In On Groupon

Several hedge funds have recently modified their holdings of the company. Tyro Capital Management LLC purchased a new position in shares of Groupon during the 4th quarter valued at approximately $20,964,000. Prentice Capital Management LP lifted its holdings in 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 purchasing an additional 581,943 shares in the last quarter. Prospect Capital Advisors LLC purchased a new position in Groupon during the fourth quarter valued at $2,935,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Groupon during the fourth quarter valued at $2,178,000. Finally, State Street Corp boosted its holdings 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 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 Price Performance

GRPN opened at $16.79 on Monday. The business has a fifty day moving average of $11.79 and a 200 day moving average of $11.14. Groupon has a 52-week low of $7.75 and a 52-week high of $18.47. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66. The stock has a market cap of $668.43 million, a P/E ratio of 32.92 and a beta of 1.41.

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.