Groupon (NASDAQ:GRPN) Sees Strong Trading Volume – Still a Buy?

Shares of Groupon, Inc. (NASDAQ:GRPN) saw unusually-high trading volume on Thursday . Approximately 1,031,712 shares were traded during trading, a decline of 7% from the previous session’s volume of 1,114,166 shares.The stock last traded at $13.98 and had previously closed at $13.98.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group increased their target price on shares of Groupon from $8.00 to $9.00 and gave the company a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.33.

Groupon Stock Performance

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.66. The company’s fifty day moving average is $11.56 and its 200 day moving average is $11.10. The company has a market cap of $590.55 million, a P/E ratio of 29.12 and a beta of 1.41.

Hedge Funds Weigh In On Groupon

Institutional investors and hedge funds have recently made changes to their positions in the business. Tyro Capital Management LLC purchased a new stake in Groupon during the 4th quarter valued at $20,964,000. Prentice Capital Management LP boosted its position in Groupon by 291.3% during the 4th quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company’s stock valued at $9,498,000 after buying an additional 581,943 shares during the period. Prospect Capital Advisors LLC purchased a new stake in Groupon during the 4th quarter valued at $2,935,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Groupon during the 4th quarter valued at $2,178,000. Finally, State Street Corp boosted its position in Groupon by 19.2% during the 3rd quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock valued at $6,953,000 after buying an additional 114,400 shares during the period. Institutional investors 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.