Groupon (NASDAQ:GRPN) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Groupon's stock price has recently crossed above its 200-day moving average, indicating potential bullish momentum as it traded as high as $27.79.
• Analysts have significantly raised their price targets for Groupon, with Roth Capital increasing theirs from $33.00 to $47.00, and the stock currently holds an average rating of "Moderate Buy".
• Groupon's last quarterly earnings report showed a profit of $0.46 per share, exceeding expectations, and the company reported revenues of $125.70 million, surpassing analyst estimates.

Groupon, Inc. (NASDAQ:GRPN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.05 and traded as high as $27.79. Groupon shares last traded at $26.69, with a volume of 1,754,209 shares.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GRPN shares. Roth Capital lifted their price target on shares of Groupon from $33.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Northland Securities lifted their price target on shares of Groupon from $39.00 to $44.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. Wall Street Zen upgraded shares of Groupon from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Roth Mkm lifted their price target on shares of Groupon from $21.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, UBS Group started coverage on shares of Groupon in a research report on Thursday, August 7th. They set a "mixed" rating for the company. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Groupon currently has an average rating of "Moderate Buy" and a consensus price target of $29.80.

Groupon Stock Down 1.7%

The firm's 50 day moving average is $33.08 and its two-hundred day moving average is $24.05. The firm has a market cap of $1.08 billion, a P/E ratio of -111.20 and a beta of 1.15. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 4.16.

Groupon (NASDAQ:GRPN - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The coupon company reported $0.46 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.48. Groupon had a negative net margin of 1.89% and a negative return on equity of 19.61%. The business had revenue of $125.70 million for the quarter, compared to analyst estimates of $122.46 million. As a group, research analysts anticipate 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. Continental General Insurance Co. bought a new position in Groupon during the 1st quarter worth approximately $42,847,000. Tyro Capital Management LLC bought a new position in Groupon in the fourth quarter valued at approximately $20,964,000. Bank of America Corp DE lifted its stake in Groupon by 552.5% in the second quarter. Bank of America Corp DE now owns 1,136,524 shares of the coupon company's stock valued at $38,017,000 after buying an additional 962,337 shares in the last quarter. Prentice Capital Management LP lifted its stake in Groupon by 291.3% in the fourth 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 in the last quarter. Finally, Marshall Wace LLP lifted its stake in Groupon by 59.4% in the second quarter. Marshall Wace LLP now owns 1,167,422 shares of the coupon company's stock valued at $39,050,000 after buying an additional 434,963 shares in the last quarter. 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.

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