Groupon (NASDAQ:GRPN) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Groupon, Inc. (NASDAQ:GRPN - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.63 and traded as high as $33.94. Groupon shares last traded at $32.43, with a volume of 850,706 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. The Goldman Sachs Group raised their target price on Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a report on Monday, May 12th. Roth Capital lifted their price objective on Groupon from $33.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Roth Mkm boosted their price objective on Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Wall Street Zen lowered Groupon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Northland Securities upped their price objective on Groupon from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $28.00.

Groupon Stock Performance

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 4.23. The firm has a fifty day simple moving average of $32.17 and a 200 day simple moving average of $20.69. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -34.14 and a beta of 1.08.

Groupon (NASDAQ:GRPN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.38. Groupon had a negative return on equity of 83.07% and a negative net margin of 8.13%. The firm had revenue of $117.19 million during the quarter, compared to the consensus estimate of $115.51 million. As a group, sell-side analysts expect that Groupon, Inc. will post -0.31 earnings per share for the current year.

Institutional Trading of Groupon

Several hedge funds have recently added to or reduced their stakes in GRPN. USA Financial Formulas purchased a new position in Groupon during the second quarter valued at $57,000. KLP Kapitalforvaltning AS purchased a new stake in Groupon in the 4th quarter worth about $41,000. AlphaQuest LLC raised its position in Groupon by 383.5% in the 1st quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company's stock worth $70,000 after purchasing an additional 2,949 shares during the period. Amundi lifted its holdings in Groupon by 35.5% during the 4th quarter. Amundi now owns 3,838 shares of the coupon company's stock valued at $47,000 after buying an additional 1,006 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Groupon by 48,700.0% during the 1st quarter. GAMMA Investing LLC now owns 5,856 shares of the coupon company's stock valued at $1,100,000 after buying an additional 5,844 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

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.