Groupon (NASDAQ:GRPN) Price Target Raised to $9.00 at The Goldman Sachs Group

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

Groupon Trading Down 0.1 %

Shares of GRPN stock opened at $14.85 on Friday. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $590.55 million, a price-to-earnings ratio of 29.12 and a beta of 1.41. The stock has a 50 day simple moving average of $11.56 and a 200-day simple moving average of $11.10. Groupon has a 1-year low of $7.75 and a 1-year high of $18.47.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tyro Capital Management LLC purchased a new position in Groupon in the 4th quarter valued at $20,964,000. Hennessy Advisors Inc. lifted its holdings in Groupon by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company’s stock valued at $10,399,000 after purchasing an additional 54,600 shares in the last quarter. Prentice Capital Management LP lifted its holdings in Groupon by 291.3% in the 4th quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company’s stock valued at $9,498,000 after purchasing an additional 581,943 shares in the last quarter. State Street Corp lifted its holdings in Groupon by 19.2% in the 3rd quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock valued at $6,953,000 after purchasing an additional 114,400 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Groupon by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company’s stock valued at $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.

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.