Groupon (NASDAQ:GRPN) Hits New 1-Year High – Should You Buy?

Groupon, Inc. (NASDAQ:GRPN)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $26.74 and last traded at $26.45, with a volume of 1693567 shares traded. The stock had previously closed at $26.04.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Roth Mkm boosted their price objective on Groupon from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. The Goldman Sachs Group boosted their price objective on Groupon from $9.00 to $15.00 and gave the stock a “sell” rating in a report on Monday. Finally, Ascendiant Capital Markets boosted their price objective on Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.75.

Groupon Trading Up 1.6%

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 firm has a market capitalization of $1.05 billion, a P/E ratio of 51.86 and a beta of 0.83. The firm has a 50 day moving average of $17.90 and a 200-day moving average of $13.43.

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

Institutional Investors Weigh In On Groupon

Institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System bought a new stake in shares of Groupon in the fourth quarter valued at approximately $26,000. Picton Mahoney Asset Management raised 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 purchasing an additional 992 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Groupon during the fourth quarter valued at approximately $41,000. Amundi raised 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 purchasing an additional 1,006 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Groupon by 115.6% during the fourth quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company’s stock valued at $128,000 after purchasing an additional 78,423 shares in the last quarter. 90.05% of the stock is currently owned by 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.