Groupon, Inc. (NASDAQ:GRPN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Groupon, Inc. (NASDAQ:GRPN) have been given an average rating of “Moderate Buy” by the four research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $17.33.

GRPN has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price target on Groupon from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Friday. Ascendiant Capital Markets boosted their target price on shares of Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a report on Monday.

Groupon Trading Down 0.1 %

GRPN opened at $14.85 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66. 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 50-day simple moving average of $11.56 and a 200 day simple moving average of $11.07. Groupon has a twelve month low of $7.75 and a twelve month high of $18.47.

Institutional Investors Weigh In On Groupon

Institutional investors and hedge funds have recently bought and sold shares of the stock. Picton Mahoney Asset Management grew its holdings in shares of Groupon by 68.2% in the fourth quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company’s stock valued at $30,000 after acquiring an additional 992 shares in the last quarter. Amundi increased its position in shares of Groupon by 35.5% during the 4th quarter. Amundi now owns 3,838 shares of the coupon company’s stock valued at $47,000 after purchasing an additional 1,006 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Groupon by 3.2% in the 4th quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company’s stock worth $410,000 after buying an additional 1,030 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Groupon by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company’s stock valued at $2,435,000 after buying an additional 1,449 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Groupon by 0.3% during the third quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company’s stock worth $5,542,000 after buying an additional 1,498 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.