Groupon (NASDAQ:GRPN) Given New $19.00 Price Target at Ascendiant Capital Markets

Groupon (NASDAQ:GRPN) had its target price boosted by Ascendiant Capital Markets from $14.00 to $19.00 in a research report report published on Monday morning,Benzinga reports. Ascendiant Capital Markets currently has a buy rating on the coupon company’s stock.

Separately, The Goldman Sachs Group lifted 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. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.75.

Groupon Price Performance

Groupon stock opened at $15.98 on Monday. 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 stock has a market cap of $636.18 million, a P/E ratio of 31.33 and a beta of 1.41. The company’s 50 day moving average price is $11.64 and its two-hundred day moving average price is $11.08. Groupon has a 52 week low of $7.75 and a 52 week high of $18.47.

Institutional Investors Weigh In On Groupon

A number of hedge funds and other institutional investors have recently bought and sold shares of GRPN. New York State Teachers Retirement System bought a new stake in Groupon during the 4th quarter valued at $26,000. Picton Mahoney Asset Management raised its holdings in Groupon by 68.2% during the 4th quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company’s stock valued at $30,000 after acquiring an additional 992 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Groupon during the 4th quarter valued at $41,000. Amundi raised its holdings 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 during the period. Finally, FMR LLC raised its holdings in Groupon by 112.5% during the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock valued at $53,000 after acquiring an additional 2,888 shares during the period. Institutional investors own 90.05% of the company’s stock.

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.