Groupon (NASDAQ:GRPN) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Groupon (NASDAQ:GRPN) had its target price boosted by The Goldman Sachs Group from $9.00 to $15.00 in a report released on Monday,Benzinga reports. The firm presently has a “sell” rating on the coupon company’s stock. The Goldman Sachs Group’s target price points to a potential downside of 43.29% from the company’s current price.

GRPN has been the subject of a number of other reports. Roth Mkm boosted their target price on Groupon from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Ascendiant Capital Markets boosted their price objective on Groupon from $14.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.75.

Groupon Stock Performance

Shares of GRPN stock opened at $26.45 on Monday. The stock has a market cap of $1.05 billion, a PE ratio of 51.86 and a beta of 0.83. The stock has a 50-day moving average of $17.90 and a 200-day moving average of $13.43. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. Groupon has a one year low of $7.75 and a one year high of $26.74.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Wednesday, May 7th. The coupon company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.38. The firm had revenue of $117.19 million during the quarter, compared to analysts’ expectations of $115.51 million. Groupon had a net margin of 3.87% and a return on equity of 91.94%. As a group, sell-side analysts expect that Groupon will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On Groupon

Large investors have recently bought and sold shares of the company. Hennessy Advisors Inc. lifted its stake in Groupon by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company’s stock valued at $10,399,000 after purchasing an additional 54,600 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Groupon in the fourth quarter valued at approximately $26,000. Rhumbline Advisers lifted its position in shares of Groupon by 3.2% in the fourth quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company’s stock valued at $410,000 after buying an additional 1,030 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Groupon by 42.7% during the 4th quarter. Bank of New York Mellon Corp now owns 73,088 shares of the coupon company’s stock worth $888,000 after acquiring an additional 21,859 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Groupon by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company’s stock worth $2,435,000 after acquiring an additional 1,449 shares during the last quarter. 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.