Groupon (NASDAQ:GRPN) Stock Price Up 6.3% – Here’s Why

Groupon, Inc. (NASDAQ:GRPN) rose 6.3% during mid-day trading on Monday . The stock traded as high as $15.46 and last traded at $15.8310. Approximately 128,215 shares were traded during trading, a decline of 91% from the average daily volume of 1,456,657 shares. The stock had previously closed at $14.89.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group reduced their price target on shares of Groupon from $17.00 to $10.00 and set a “sell” rating on the stock in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Groupon presently has an average rating of “Hold” and a consensus price target of $33.67.

Groupon Stock Performance

The company has a market capitalization of $614.98 million, a price-to-earnings ratio of -7.48 and a beta of 0.11. The business’s 50-day simple moving average is $12.49 and its 200-day simple moving average is $15.26.

Groupon (NASDAQ:GRPN) last released its earnings results on Tuesday, March 10th. The coupon company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Groupon had a negative net margin of 16.76% and a negative return on equity of 717.37%. The business had revenue of $132.71 million for the quarter, compared to analyst estimates of $137.34 million. On average, analysts forecast that Groupon, Inc. will post 0.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GRPN. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Groupon in the 3rd quarter valued at approximately $32,000. Johnson Financial Group Inc. acquired a new stake in shares of Groupon in the 4th quarter valued at approximately $35,000. CWM LLC raised its position in shares of Groupon by 85.2% in the 3rd quarter. CWM LLC now owns 1,858 shares of the coupon company’s stock valued at $43,000 after acquiring an additional 855 shares during the period. Quarry LP raised its position in shares of Groupon by 48.1% in the 3rd quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock valued at $45,000 after acquiring an additional 629 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in shares of Groupon in the 3rd quarter valued at approximately $53,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

About Groupon

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.