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

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) 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 trading hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Groupon in a research note on Thursday, August 7th. They set a "mixed" rating on the stock. The Goldman Sachs Group increased their price objective 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. Roth Capital increased their price objective on shares of Groupon from $33.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Wall Street Zen upgraded shares of Groupon from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Finally, Northland Securities increased their price objective on shares of Groupon from $39.00 to $44.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.80.

Groupon Trading Up 1.8%

The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -111.32 and a beta of 1.15. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.16. The company's 50 day simple moving average is $32.48 and its two-hundred day simple moving average is $24.35.

Groupon (NASDAQ:GRPN - Get Free Report) last announced its earnings results on Wednesday, August 6th. The coupon company reported $0.46 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.48. The company had revenue of $125.70 million during the quarter, compared to the consensus estimate of $122.46 million. Groupon had a negative net margin of 1.89% and a negative return on equity of 19.61%. As a group, research analysts anticipate that Groupon, Inc. will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Groupon

Several institutional investors have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey boosted its stake in Groupon by 28.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,909 shares of the coupon company's stock valued at $198,000 after acquiring an additional 1,304 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Groupon by 6.8% during the fourth quarter. California State Teachers Retirement System now owns 23,897 shares of the coupon company's stock worth $290,000 after buying an additional 1,526 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Groupon by 11.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,652 shares of the coupon company's stock worth $179,000 after buying an additional 1,552 shares during the period. USA Financial Formulas acquired a new stake in shares of Groupon during the second quarter worth $57,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Groupon by 2.4% during the first quarter. Bank of New York Mellon Corp now owns 74,808 shares of the coupon company's stock worth $1,404,000 after buying an additional 1,720 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.