The Goldman Sachs Group Issues Positive Forecast for Groupon (NASDAQ:GRPN) Stock Price

Groupon (NASDAQ:GRPN) had its target price lifted by The Goldman Sachs Group from $8.00 to $9.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a sell rating on the coupon company’s stock.

Groupon Price Performance

Shares of NASDAQ GRPN opened at $14.85 on Friday. The business’s 50 day moving average price is $11.56 and its 200 day moving average price is $11.10. The firm has a market cap of $590.55 million, a P/E ratio of 29.12 and a beta of 1.41. Groupon has a 52 week low of $7.75 and a 52 week high of $18.47. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66.

Institutional Investors Weigh In On Groupon

Several hedge funds have recently bought and sold shares of the stock. Picton Mahoney Asset Management boosted its position in Groupon by 68.2% in the 4th quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company’s stock worth $30,000 after purchasing an additional 992 shares in the last quarter. Amundi boosted its position in Groupon by 35.5% in the 4th quarter. Amundi now owns 3,838 shares of the coupon company’s stock worth $47,000 after purchasing an additional 1,006 shares in the last quarter. Rhumbline Advisers boosted its position in 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 purchasing an additional 1,030 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Groupon by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company’s stock worth $2,435,000 after purchasing an additional 1,449 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Groupon by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company’s stock worth $5,542,000 after purchasing an additional 1,498 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

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.