Groupon (NASDAQ:GRPN) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Shares of Groupon, Inc. (NASDAQ:GRPN - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.49 and traded as high as $34.64. Groupon shares last traded at $33.45, with a volume of 1,271,905 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GRPN shares. Ascendiant Capital Markets raised their price target on Groupon from $14.00 to $19.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Northland Securities increased 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. Roth Capital raised their target price on Groupon from $33.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Wall Street Zen downgraded Groupon from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group increased their price target on shares of Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $28.00.

Groupon Stock Performance

The firm has a fifty day simple moving average of $28.11 and a 200-day simple moving average of $18.60. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 4.23. The company has a market cap of $1.37 billion, a PE ratio of -36.15 and a beta of 1.08.

Groupon (NASDAQ:GRPN - Get Free Report) last announced its earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.38. The firm had revenue of $117.19 million during the quarter, compared to analysts' expectations of $115.51 million. Groupon had a negative return on equity of 83.07% and a negative net margin of 8.13%. On average, research analysts forecast that Groupon, Inc. will post -0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GRPN. Picton Mahoney Asset Management raised its holdings in shares of Groupon by 68.2% in the fourth quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company's stock valued at $30,000 after buying an additional 992 shares during the last quarter. Amundi increased its position in Groupon by 35.5% in the 4th quarter. Amundi now owns 3,838 shares of the coupon company's stock valued at $47,000 after acquiring an additional 1,006 shares during the period. Rhumbline Advisers raised its stake in Groupon by 3.2% during the 4th quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company's stock valued at $410,000 after acquiring an additional 1,030 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Groupon by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company's stock worth $2,435,000 after acquiring an additional 1,449 shares during the period. Finally, California State Teachers Retirement System grew its stake in shares of Groupon by 6.8% in the 4th quarter. California State Teachers Retirement System now owns 23,897 shares of the coupon company's stock valued at $290,000 after purchasing an additional 1,526 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.