Groupon, Inc. (NASDAQ:GRPN - Get Free Report) was the target of some unusual options trading activity on Friday. Investors acquired 12,409 put options on the company. This represents an increase of 67% compared to the average volume of 7,417 put options.
Analyst Upgrades and Downgrades
GRPN has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their target price on shares of Groupon from $5.00 to $7.50 and gave the stock a "sell" rating in a research note on Friday, January 19th. StockNews.com upgraded Groupon from a "sell" rating to a "hold" rating in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $12.88.
Check Out Our Latest Stock Analysis on GRPN
Groupon Stock Performance
Shares of GRPN stock traded down $5.58 during mid-day trading on Friday, hitting $12.59. 9,840,243 shares of the stock were exchanged, compared to its average volume of 1,016,521. The stock's fifty day simple moving average is $15.69 and its two-hundred day simple moving average is $13.31. Groupon has a 12-month low of $2.89 and a 12-month high of $19.56. The stock has a market capitalization of $401.03 million, a price-to-earnings ratio of -2.94 and a beta of 1.69.
Institutional Trading of Groupon
A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Groupon by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 1,129,681 shares of the coupon company's stock valued at $14,505,000 after buying an additional 7,631 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Groupon by 14.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 45,675 shares of the coupon company's stock valued at $586,000 after acquiring an additional 5,895 shares during the period. GSA Capital Partners LLP purchased a new stake in Groupon in the 4th quarter valued at $953,000. Legal & General Group Plc acquired a new stake in Groupon during the 4th quarter worth $106,000. Finally, Barclays PLC grew its position in Groupon by 3.2% during the 4th quarter. Barclays PLC now owns 174,373 shares of the coupon company's stock worth $2,239,000 after purchasing an additional 5,374 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.
Groupon Company Profile
(
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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; and first-party goods inventory. It serves customers through its mobile applications and websites.
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