Groupon (NASDAQ:GRPN) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Groupon, Inc. (NASDAQ:GRPN) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.22 and traded as high as $13.13. Groupon shares last traded at $12.38, with a volume of 933,819 shares trading hands.

Analyst Upgrades and Downgrades

GRPN has been the subject of several analyst reports. Northland Securities cut their price objective on shares of Groupon from $20.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. The Goldman Sachs Group dropped their target price on Groupon from $11.00 to $8.00 and set a “sell” rating on the stock in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Groupon Trading Down 4.6 %

The stock’s fifty day simple moving average is $11.59 and its two-hundred day simple moving average is $11.22. The firm has a market cap of $492.33 million, a PE ratio of 24.27 and a beta of 1.67. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66.

Institutional Investors Weigh In On Groupon

A number of large investors have recently made changes to their positions in GRPN. Picton Mahoney Asset Management grew 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 buying an additional 992 shares in the last quarter. Amundi grew its stake in Groupon by 35.5% during the fourth quarter. Amundi now owns 3,838 shares of the coupon company’s stock valued at $47,000 after acquiring an additional 1,006 shares in the last quarter. Rhumbline Advisers increased its holdings in Groupon by 3.2% in the 4th quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company’s stock valued at $410,000 after acquiring an additional 1,030 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Groupon by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company’s stock worth $2,435,000 after purchasing an additional 1,449 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Groupon by 0.3% during 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 during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Groupon Company Profile

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.