Groupon (NASDAQ:GRPN) Stock Passes Above 200 Day Moving Average - What's Next?

Shares of Groupon, Inc. (NASDAQ:GRPN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.23 and traded as high as $11.87. Groupon shares last traded at $11.73, with a volume of 533,110 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GRPN. Northland Securities reduced their price objective on shares of Groupon from $20.00 to $17.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 13th. The Goldman Sachs Group lowered their price objective on shares of Groupon from $11.00 to $8.00 and set a "sell" rating for the company in a research report on Thursday, November 14th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.00.

Groupon Stock Up 0.8 %

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's fifty day simple moving average is $11.50 and its 200 day simple moving average is $11.18. The stock has a market capitalization of $510.25 million, a price-to-earnings ratio of 25.16 and a beta of 1.67.

Groupon (NASDAQ:GRPN - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The coupon company reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.25) by $0.58. The business had revenue of $114.48 million for the quarter, compared to analysts' expectations of $119.02 million. Groupon had a net margin of 3.87% and a return on equity of 91.94%. During the same period in the previous year, the firm posted ($0.22) EPS. On average, sell-side analysts forecast that Groupon, Inc. will post -0.31 earnings per share for the current year.

Institutional Trading of Groupon

A number of institutional investors have recently modified their holdings of GRPN. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Groupon in the 4th quarter valued at approximately $2,178,000. State Street Corp raised its holdings in shares of Groupon by 19.2% in the third quarter. State Street Corp now owns 710,942 shares of the coupon company's stock valued at $6,953,000 after purchasing an additional 114,400 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Groupon in the fourth quarter worth $1,192,000. Quantbot Technologies LP acquired a new position in Groupon during the third quarter worth $814,000. Finally, JPMorgan Chase & Co. grew its position in Groupon by 115.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company's stock valued at $128,000 after purchasing an additional 78,423 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

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.