Groupon (NASDAQ:GRPN) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Groupon, Inc. (NASDAQ:GRPN - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.53 and traded as high as $19.98. Groupon shares last traded at $19.64, with a volume of 2,181,213 shares changing hands.

Analyst Ratings Changes

GRPN has been the topic of a number of recent analyst reports. Ascendiant Capital Markets boosted their target price on shares of Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a report on Monday, March 17th. The Goldman Sachs Group boosted their price objective on shares of Groupon from $8.00 to $9.00 and gave the stock a "sell" rating in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Groupon presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.75.

Groupon Price Performance

The business has a fifty day moving average of $15.81 and a two-hundred day moving average of $12.63. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $720.58 million, a price-to-earnings ratio of 35.49 and a beta of 0.93.

Hedge Funds Weigh In On Groupon

Several large investors have recently modified their holdings of GRPN. Tyro Capital Management LLC acquired a new position in Groupon in the 4th quarter valued at about $20,964,000. Hennessy Advisors Inc. boosted its holdings in shares of Groupon by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company's stock worth $10,399,000 after acquiring an additional 54,600 shares during the period. Prentice Capital Management LP grew its position in shares of 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 purchasing an additional 581,943 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Groupon by 0.3% during the third quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company's stock worth $5,542,000 after purchasing an additional 1,498 shares during the period. Finally, Prospect Capital Advisors LLC acquired a new stake in Groupon during the 4th quarter worth approximately $2,935,000. 90.05% of the stock is owned by institutional investors.

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.