Groupon, Inc. (NASDAQ:GRPN - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 1,031,712 shares traded hands during trading, a decline of 7% from the previous session's volume of 1,114,166 shares.The stock last traded at $13.98 and had previously closed at $13.98.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group lifted their price target on Groupon from $8.00 to $9.00 and gave the company a "sell" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $17.33.
Check Out Our Latest Research Report on GRPN
Groupon Stock Performance
The stock has a 50 day moving average of $11.56 and a 200 day moving average of $11.10. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66. The company has a market capitalization of $590.55 million, a price-to-earnings ratio of 29.12 and a beta of 1.41.
Institutional Investors Weigh In On Groupon
Hedge funds and other institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System bought a new stake in shares of Groupon during the fourth quarter valued at approximately $26,000. Picton Mahoney Asset Management increased its holdings in shares of Groupon by 68.2% during the fourth quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company's stock valued at $30,000 after acquiring an additional 992 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Groupon during the fourth quarter valued at approximately $41,000. Amundi increased its holdings in shares of Groupon by 35.5% during the fourth quarter. Amundi now owns 3,838 shares of the coupon company's stock valued at $47,000 after acquiring an additional 1,006 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Groupon by 112.5% during the third quarter. FMR LLC now owns 5,456 shares of the coupon company's stock valued at $53,000 after acquiring an additional 2,888 shares in the last quarter. Institutional investors own 90.05% of the company's stock.
About Groupon
(
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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. It serves customers through its mobile applications and websites.
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