Groupon (NASDAQ:GRPN) Reaches New 12-Month High – Time to Buy?

Groupon, Inc. (NASDAQ:GRPN)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $33.52 and last traded at $31.33, with a volume of 3752024 shares trading hands. The stock had previously closed at $32.94.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Northland Securities boosted their price target on shares of Groupon from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, June 3rd. Ascendiant Capital Markets boosted their price target on shares of Groupon from $14.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, March 17th. Roth Mkm boosted their price target on shares of Groupon from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. The Goldman Sachs Group boosted their price target on shares of Groupon from $9.00 to $15.00 and gave the company a “sell” rating in a research report on Monday, May 12th. Finally, Roth Capital restated a “buy” rating on shares of Groupon in a research report on Monday, June 2nd. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.25.

Groupon Price Performance

The stock’s 50-day moving average price is $22.74 and its 200-day moving average price is $15.96. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 61.43 and a beta of 1.04. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66.

Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share (EPS) for the quarter, topping 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 company had revenue of $117.19 million for the quarter, compared to analyst estimates of $115.51 million. Equities research analysts anticipate that Groupon, Inc. will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On Groupon

A number of large investors have recently modified their holdings of GRPN. Blueshift Asset Management LLC acquired a new position in Groupon in the fourth quarter valued at approximately $732,000. BNP Paribas Financial Markets acquired a new position in Groupon in the fourth quarter valued at approximately $422,000. Tyro Capital Management LLC acquired a new position in Groupon in the fourth quarter valued at approximately $20,964,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Groupon in the fourth quarter valued at approximately $2,178,000. Finally, Cruiser Capital Advisors LLC acquired a new position in Groupon in the fourth quarter valued at approximately $304,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.