Groupon, Inc. (NASDAQ:GRPN) Receives $17.33 Average Price Target from Brokerages

Shares of Groupon, Inc. (NASDAQ:GRPN) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $17.75.

A number of equities analysts have weighed in on the stock. Ascendiant Capital Markets lifted their price target on shares of Groupon from $14.00 to $19.00 and gave the company a “buy” rating in a report on Monday, March 17th. The Goldman Sachs Group lifted their target price on shares of Groupon from $8.00 to $9.00 and gave the company a “sell” rating in a report on Friday, March 14th.

Groupon Stock Up 3.5 %

Shares of GRPN opened at $17.09 on Monday. The firm has a market cap of $680.37 million, a PE ratio of 33.51 and a beta of 1.41. The company’s fifty day moving average is $11.98 and its two-hundred day moving average is $11.20. Groupon has a fifty-two week low of $7.75 and a fifty-two 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.

Hedge Funds Weigh In On Groupon

Institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new position in Groupon in the 4th quarter worth $26,000. Picton Mahoney Asset Management increased its position in shares of Groupon by 68.2% in the 4th quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company’s stock worth $30,000 after purchasing an additional 992 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Groupon in the 4th quarter worth about $41,000. Amundi increased its position in shares of Groupon by 35.5% in the 4th quarter. Amundi now owns 3,838 shares of the coupon company’s stock worth $47,000 after purchasing an additional 1,006 shares during the last quarter. Finally, FMR LLC increased its position in shares of Groupon by 112.5% in the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock worth $53,000 after purchasing an additional 2,888 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

About Groupon

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.