Groupon (NASDAQ:GRPN) Given New $15.00 Price Target at The Goldman Sachs Group

Groupon (NASDAQ:GRPN) had its price target raised by The Goldman Sachs Group from $9.00 to $15.00 in a research note released on Monday,Benzinga reports. They currently have a sell rating on the coupon company’s stock.

Other equities research analysts also recently issued reports about the stock. Roth Mkm lifted their target price on shares of Groupon from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Ascendiant Capital Markets lifted their target price 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. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.75.

Groupon Trading Up 4.2%

Shares of Groupon stock opened at $26.04 on Monday. The firm has a market capitalization of $1.04 billion, a PE ratio of 51.06 and a beta of 0.83. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.66. The firm’s 50 day moving average is $17.58 and its 200 day moving average is $13.34. Groupon has a 1 year low of $7.75 and a 1 year high of $26.40.

Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, May 7th. The coupon company reported $0.18 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.38. Groupon had a net margin of 3.87% and a return on equity of 91.94%. The business had revenue of $117.19 million for the quarter, compared to the consensus estimate of $115.51 million. Equities research analysts forecast that Groupon will post -0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GRPN. New York State Teachers Retirement System acquired a new position in shares of Groupon during the 4th quarter valued at $26,000. Picton Mahoney Asset Management lifted its position in shares of Groupon by 68.2% during the 4th 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 period. KLP Kapitalforvaltning AS acquired a new position in shares of Groupon during the 4th quarter valued at $41,000. Amundi lifted 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 acquiring an additional 1,006 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Groupon by 48,700.0% during the 1st quarter. GAMMA Investing LLC now owns 5,856 shares of the coupon company’s stock valued at $1,100,000 after acquiring an additional 5,844 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.