Groupon (NASDAQ:GRPN) Stock Passes Above 200-Day Moving Average of $14.14

Shares of 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 Analysts Forecast Growth

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

Groupon Trading Up 1.2 %

The firm has a fifty day moving average of $14.32 and a 200 day moving average of $14.14. The firm has a market capitalization 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 quick ratio of 0.93 and a current ratio of 0.93.

Groupon (NASDAQ:GRPN) last announced its 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 firm had revenue of $123.08 million during the quarter, compared to analysts’ expectations of $118.37 million. During the same quarter last year, the company posted ($0.70) earnings per share. Equities research analysts expect that Groupon, Inc. will post 0.02 EPS for the current year.

Institutional Trading of Groupon

Several large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Groupon in the fourth quarter worth about $25,000. SG Americas Securities LLC purchased a new stake in Groupon during the 4th quarter worth approximately $113,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Groupon in the 1st quarter valued at approximately $151,000. EntryPoint Capital LLC purchased a new position in shares of Groupon during the 1st quarter valued at approximately $153,000. Finally, Raymond James & Associates purchased a new position in shares of Groupon during the 4th quarter valued at approximately $202,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

About Groupon

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.