Groupon (NASDAQ:GRPN) Reaches New 1-Year High – Time to Buy?

Groupon, Inc. (NASDAQ:GRPN)’s stock price reached a new 52-week high on Monday . The stock traded as high as $19.17 and last traded at $19.08, with a volume of 348687 shares trading hands. The stock had previously closed at $18.82.

Analyst Ratings Changes

GRPN has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price target on shares of Groupon from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Friday, March 14th. Ascendiant Capital Markets upped their price objective 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 research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.75.

Groupon Stock Performance

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 fifty day moving average is $12.72 and its 200 day moving average is $11.44. The company has a market cap of $747.09 million, a PE ratio of 36.89 and a beta of 1.41.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Teachers Retirement System acquired a new stake in Groupon during the 4th quarter worth $26,000. Picton Mahoney Asset Management boosted 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 worth $30,000 after acquiring an additional 992 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Groupon during the 4th quarter valued at about $41,000. Amundi grew its stake in 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 in the last quarter. Finally, FMR LLC lifted its stake in Groupon by 112.5% in the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock worth $53,000 after purchasing an additional 2,888 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.