Groupon (NASDAQ:GRPN) Shares Pass Above 200-Day Moving Average of $14.14

Groupon, Inc. (NASDAQ:GRPN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.14 and traded as high as $15.65. Groupon shares last traded at $15.49, with a volume of 761,614 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GRPN shares. StockNews.com raised Groupon from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. Roth Mkm reaffirmed a “buy” rating and set a $28.00 target price on shares of Groupon in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.38.

Groupon Stock Up 1.2 %

The business’s fifty day simple moving average is $14.32 and its two-hundred day simple moving average is $14.14. The company has a market cap of $612.47 million, a PE ratio of -12.01 and a beta of 1.83. The company has a debt-to-equity ratio of 5.48, a current ratio of 0.93 and a quick ratio of 0.93.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Thursday, May 9th. The coupon company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.19. The business had revenue of $123.08 million during the quarter, compared to analysts’ expectations of $118.37 million. During the same quarter in the prior year, the firm earned ($0.70) EPS. On average, analysts predict that Groupon, Inc. will post 0.02 earnings per share for the current year.

Institutional Investors Weigh In On Groupon

A number of institutional investors have recently added to or reduced their stakes in GRPN. Invesco Ltd. lifted its holdings in Groupon by 158.8% during the third quarter. Invesco Ltd. now owns 513,075 shares of the coupon company’s stock valued at $7,860,000 after purchasing an additional 314,812 shares in the last quarter. Kamunting Street Capital Management L.P. acquired a new position in shares of Groupon during the 3rd quarter worth about $230,000. Citigroup Inc. lifted its stake in Groupon by 2,630.5% in the 3rd quarter. Citigroup Inc. now owns 14,881 shares of the coupon company’s stock valued at $228,000 after buying an additional 14,336 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Groupon by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,122,050 shares of the coupon company’s stock worth $17,190,000 after buying an additional 26,661 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Groupon in the 4th quarter worth about $113,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.