Groupon (NASDAQ:GRPN) Share Price Crosses Above 200-Day Moving Average of $13.31

Groupon, Inc. (NASDAQ:GRPN - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.31 and traded as high as $17.37. Groupon shares last traded at $16.83, with a volume of 1,459,906 shares.

Analyst Ratings Changes

GRPN has been the subject of a number of research analyst reports. Roth Mkm reiterated a "buy" rating and set a $28.00 price target on shares of Groupon in a report on Tuesday, April 16th. StockNews.com upgraded Groupon from a "sell" rating to a "hold" rating in a report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $12.38.

Groupon Stock Down 1.9 %

The business has a fifty day moving average of $12.64 and a 200 day moving average of $13.34. The company has a market capitalization of $652.82 million, a PE ratio of -12.80 and a beta of 1.68. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.48.

Groupon (NASDAQ:GRPN - Get Free Report) last announced its earnings results on Thursday, May 9th. The coupon company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.19. The firm had revenue of $123.08 million for the quarter, compared to analysts' expectations of $118.37 million. During the same quarter last year, the business earned ($0.70) earnings per share. Equities research analysts anticipate that Groupon, Inc. will post -0.31 EPS for the current year.

Hedge Funds Weigh In On Groupon

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of Groupon in the 1st quarter valued at about $309,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Groupon in the 1st quarter valued at about $575,000. Wolf Hill Capital Management LP purchased a new position in shares of Groupon in the 1st quarter valued at about $17,897,000. EntryPoint Capital LLC purchased a new position in shares of Groupon in the 1st quarter valued at about $153,000. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of Groupon in the 1st quarter valued at about $437,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

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.