Groupon (NASDAQ:GRPN) Price Target Raised to $19.00

Groupon (NASDAQ:GRPN) had its price target upped by stock analysts at Ascendiant Capital Markets from $14.00 to $19.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the coupon company’s stock. Ascendiant Capital Markets’ target price would indicate a potential upside of 27.95% from the company’s current price.

Separately, The Goldman Sachs Group boosted their price target on Groupon from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.75.

Groupon Price Performance

Shares of Groupon stock opened at $14.85 on Monday. The company has a 50-day simple moving average of $11.56 and a two-hundred day simple moving average of $11.07. Groupon has a twelve month low of $7.75 and a twelve month high of $18.47. The stock has a market capitalization of $591.19 million, a price-to-earnings ratio of 29.12 and a beta of 1.41. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new stake in Groupon during the fourth quarter worth $26,000. Picton Mahoney Asset Management raised its holdings 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 worth $30,000 after buying an additional 992 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Groupon during the 4th quarter worth $41,000. Amundi boosted its stake in Groupon by 35.5% in the fourth quarter. Amundi now owns 3,838 shares of the coupon company’s stock valued at $47,000 after buying an additional 1,006 shares in the last quarter. Finally, FMR LLC boosted its stake in Groupon by 112.5% in the third quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock valued at $53,000 after buying an additional 2,888 shares in the last quarter. 90.05% of the stock is owned by 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.