Groupon (NASDAQ:GRPN) Stock Price Crosses Above Two Hundred 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 $24.05 and traded as high as $27.79. Groupon shares last traded at $26.69, with a volume of 1,754,209 shares changing hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Roth Mkm lifted their price target on shares of Groupon from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Roth Capital lifted their price target on shares of Groupon from $33.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, June 20th. UBS Group assumed coverage on shares of Groupon in a research note on Thursday, August 7th. They issued a “mixed” rating on the stock. Wall Street Zen raised shares of Groupon from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Finally, The Goldman Sachs Group lifted their price objective on shares of Groupon from $9.00 to $15.00 and gave the company a “sell” rating in a report on Monday, May 12th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Groupon presently has an average rating of “Moderate Buy” and a consensus target price of $29.80.

Groupon Stock Down 1.7%

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.16. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -111.20 and a beta of 1.15. The stock’s fifty day moving average price is $33.08 and its 200-day moving average price is $24.05.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Wednesday, August 6th. The coupon company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.48. The company had revenue of $125.70 million for the quarter, compared to the consensus estimate of $122.46 million. Groupon had a negative net margin of 1.89% and a negative return on equity of 19.61%. On average, sell-side analysts predict that Groupon, Inc. will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Groupon

Institutional investors have recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in Groupon during the second quarter worth $57,000. Raymond James Financial Inc. acquired a new position in Groupon during the second quarter worth $69,000. Tower Research Capital LLC TRC increased its holdings in Groupon by 386.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,547 shares of the coupon company’s stock worth $85,000 after buying an additional 2,023 shares during the last quarter. CANADA LIFE ASSURANCE Co acquired a new position in Groupon during the second quarter worth $110,000. Finally, AlphaQuest LLC increased its holdings in Groupon by 383.5% during the first quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company’s stock worth $70,000 after buying an additional 2,949 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.