Groupon (NASDAQ:GRPN) Price Target Raised to $9.00 at The Goldman Sachs Group

Groupon (NASDAQ:GRPN) had its price target boosted by The Goldman Sachs Group from $8.00 to $9.00 in a research report report published on Friday,Benzinga reports. They currently have a sell rating on the coupon company’s stock.

Groupon Trading Down 0.1 %

NASDAQ GRPN opened at $14.85 on Friday. The company has a market capitalization of $590.55 million, a PE ratio of 29.12 and a beta of 1.41. The company has a fifty day moving average of $11.56 and a 200 day moving average of $11.07. Groupon has a 1 year low of $7.75 and a 1 year high of $18.47. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tyro Capital Management LLC acquired a new position in shares of Groupon in the fourth quarter worth about $20,964,000. Hennessy Advisors Inc. raised its position in shares of Groupon by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company’s stock worth $10,399,000 after acquiring an additional 54,600 shares during the period. Prentice Capital Management LP raised its position in shares of Groupon by 291.3% in the fourth quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company’s stock worth $9,498,000 after acquiring an additional 581,943 shares during the period. State Street Corp raised its position in shares of Groupon by 19.2% in the third quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock worth $6,953,000 after acquiring an additional 114,400 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Groupon by 0.3% in the third quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company’s stock worth $5,542,000 after acquiring an additional 1,498 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.