Groupon (NASDAQ:GRPN) Sets New 1-Year High – Still a Buy?

Groupon, Inc. (NASDAQ:GRPN) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $18.50 and last traded at $18.24, with a volume of 1612161 shares traded. The stock had previously closed at $17.99.

Analyst Upgrades and Downgrades

GRPN has been the subject of several recent research reports. Ascendiant Capital Markets boosted their price target on Groupon from $14.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, March 17th. The Goldman Sachs Group upped their target price on Groupon from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.75.

Groupon Price Performance

The firm has a market cap of $749.64 million, a price-to-earnings ratio of 36.92 and a beta of 1.41. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.66. The company’s 50-day moving average is $12.40 and its 200-day moving average is $11.32.

Hedge Funds Weigh In On Groupon

Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in Groupon in the third quarter valued at about $814,000. FMR LLC boosted its stake in shares of Groupon by 112.5% in the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock valued at $53,000 after purchasing an additional 2,888 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Groupon by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 13,340 shares of the coupon company’s stock valued at $130,000 after purchasing an additional 7,516 shares during the last quarter. Maverick Capital Ltd. increased its position in Groupon by 28.7% during the 3rd quarter. Maverick Capital Ltd. now owns 75,051 shares of the coupon company’s stock worth $734,000 after purchasing an additional 16,734 shares in the last quarter. Finally, Centiva Capital LP bought a new position in Groupon in the 3rd quarter valued at approximately $442,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.