Can Groupon Get Lucky With a Buyout?

Groupon Inc. (NASDAQ: GRPN) shares have been hit in 2018, but it seems that this online coupon company may have found a way to get something back. According to a report from Recode over the weekend, Groupon may be looking for a buyout.

Excluding Monday’s move, Groupon shares are down about 15% in 2018. However, in the past 52 weeks, this stock is actually up about 18%.

The report over the weekend noted that executives and representatives have recently stepped up efforts to lure in possible buyers, but at this point it’s not entirely clear if they have any buyers interested.

It’s worth pointing out that Alibaba Group Holding Ltd. (NYSE: BABA) bought roughly 33 million shares, or 6% of Groupon back in 2016 and could be considered as a possible suitor. IAC/InterActiveCorp (NASDAQ: IAC) is considered another option as its chief executive officer, Joey Levin, is a Groupon board member.

Shares of Groupon traded early Monday at $4.71, up about 8% on the day, with a consensus analyst price target of $5.61 and a 52-week trading range of $3.60 to $5.99.

Alibaba shares traded Monday morning at $193.76, with a consensus price target of $249.84 and a 52-week range of $142.25 to $211.70.

And IAC traded at $156.45 a share. The consensus price target is $191.38, and the 52-week range is $98.91 to $166.64.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.