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

Groupon, Inc. (NASDAQ:GRPN) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $17.75.

GRPN has been the topic of several research reports. Ascendiant Capital Markets boosted their price target on shares of Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. The Goldman Sachs Group boosted their price target on shares of Groupon from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Friday, March 14th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System bought a new position in Groupon during the fourth quarter valued at $26,000. Picton Mahoney Asset Management increased its position in Groupon by 68.2% during 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 during the last quarter. KLP Kapitalforvaltning AS bought a new position in Groupon during the fourth quarter valued at $41,000. Amundi increased its position in Groupon by 35.5% during the fourth quarter. Amundi now owns 3,838 shares of the coupon company’s stock valued at $47,000 after acquiring an additional 1,006 shares during the last quarter. Finally, FMR LLC increased its position in Groupon by 112.5% during the third quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock valued at $53,000 after acquiring an additional 2,888 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Groupon Price Performance

GRPN stock opened at $17.09 on Monday. Groupon has a one year low of $7.75 and a one year high of $18.47. The company’s fifty day moving average price is $11.98 and its 200-day moving average price is $11.18. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $680.37 million, a PE ratio of 33.51 and a beta of 1.41.

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.