Groupon (NASDAQ:GRPN) Sets New 52-Week High – Still a Buy?

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GRPN. The Goldman Sachs Group increased their price objective on shares of Groupon from $9.00 to $15.00 and gave the stock a “sell” rating in a research note on Monday. Ascendiant Capital Markets raised their target price on shares of Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. Finally, Roth Mkm raised their target price on shares of Groupon from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. One research 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. According to data from MarketBeat.com, Groupon currently has an average rating of “Moderate Buy” and a consensus price target of $18.75.

Groupon Stock Performance

The company has a market cap of $1.04 billion, a P/E ratio of 51.10 and a beta of 0.83. The business’s 50 day simple moving average is $18.52 and its 200 day simple moving average is $13.62. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.66.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, May 7th. The coupon company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $115.51 million. Sell-side analysts predict that Groupon, Inc. will post -0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GRPN. Hennessy Advisors Inc. boosted its stake in Groupon by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company’s stock worth $10,399,000 after buying an additional 54,600 shares during the period. New York State Teachers Retirement System purchased a new position in Groupon during the fourth quarter worth $26,000. Rhumbline Advisers boosted its stake in Groupon by 3.2% during the fourth quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company’s stock worth $410,000 after buying an additional 1,030 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Groupon by 42.7% during the fourth quarter. Bank of New York Mellon Corp now owns 73,088 shares of the coupon company’s stock worth $888,000 after purchasing an additional 21,859 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Groupon by 0.7% during the fourth 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 during 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.