Groupon (NASDAQ:GRPN) Price Target Raised to $19.00

Groupon (NASDAQ:GRPN) had its price objective raised by Ascendiant Capital Markets from $14.00 to $19.00 in a report released on Monday morning,Benzinga reports. Ascendiant Capital Markets currently has a buy rating on the coupon company’s stock.

Separately, The Goldman Sachs Group lifted their price target on shares of Groupon from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.75.

Groupon Price Performance

Shares of GRPN opened at $16.79 on Monday. Groupon has a twelve month low of $7.75 and a twelve month high of $18.47. The firm’s fifty day simple moving average is $11.79 and its 200-day simple moving average is $11.14. The firm has a market capitalization of $668.43 million, a price-to-earnings ratio of 32.92 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.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Tyro Capital Management LLC acquired a new position in Groupon in the fourth quarter valued at $20,964,000. Hennessy Advisors Inc. increased its stake in Groupon by 6.8% in the fourth 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 period. Prentice Capital Management LP increased its stake in Groupon by 291.3% in the fourth quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company’s stock valued at $9,498,000 after purchasing an additional 581,943 shares during the period. State Street Corp increased its stake in Groupon by 19.2% in the third quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock valued at $6,953,000 after purchasing an additional 114,400 shares during the period. Finally, Geode Capital Management LLC increased its stake in Groupon by 0.3% in the third quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company’s stock valued at $5,542,000 after purchasing an additional 1,498 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.