Groupon (NASDAQ:GRPN) Sets New 1-Year High - Still a Buy?

Groupon, Inc. (NASDAQ:GRPN - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $18.50 and last traded at $18.24, with a volume of 1612161 shares traded. The stock had previously closed at $17.99.Analyst Upgrades and DowngradesTop 3 Small Cap Stocks Emerging as Rotation WinnersGRPN has been the subject of several recent research reports. Ascendiant Capital Markets boosted their price target on Groupon from $14.00 to $19.00 and gave the company a "buy" rating in a research note on Monday, March 17th. The Goldman Sachs Group upped their target price on Groupon from $8.00 to $9.00 and gave the company a "sell" rating in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.75.Read Our Latest Analysis on GRPNGroupon Price PerformanceMarketBeat Week in Review – 10/2 - 10/6The firm has a market cap of $749.64 million, a price-to-earnings ratio of 36.92 and a beta of 1.41. 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 company's 50-day moving average is $12.40 and its 200-day moving average is $11.32. Hedge Funds Weigh In On GrouponInstitutional investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in Groupon in the third quarter valued at about $814,000. FMR LLC boosted its stake in shares of Groupon by 112.5% in the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company's stock valued at $53,000 after purchasing an additional 2,888 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Groupon by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 13,340 shares of the coupon company's stock valued at $130,000 after purchasing an additional 7,516 shares during the last quarter. Maverick Capital Ltd. increased its position in Groupon by 28.7% during the 3rd quarter. Maverick Capital Ltd. now owns 75,051 shares of the coupon company's stock worth $734,000 after purchasing an additional 16,734 shares in the last quarter. Finally, Centiva Capital LP bought a new position in Groupon in the 3rd quarter valued at approximately $442,000. Institutional investors and hedge funds own 90.05% of the company's stock. Groupon Company Profile (Get Free Report)Is a Big Short Squeeze Looming for This Stock?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.Further ReadingFive stocks we like better than GrouponWhat Are Dividend Contenders? Investing in Dividend ContendersPenny Stock SurgePays Rises 70%: 1 Reason to Buy, 5 to Sell Expert Stock Trading Psychology TipsTop 3 Beverage Stocks Pouring Out ProfitsHow to Start Investing in Real EstateCarMax and Carvana: Steering the Used Car MarketThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Groupon Right Now?Before you consider Groupon, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Groupon wasn't on the list.While Groupon currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here