Groupon, Inc. (NASDAQ:GRPN - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.14 and traded as high as $15.65. Groupon shares last traded at $15.49, with a volume of 761,614 shares changing hands.
Analysts Set New Price Targets
GRPN has been the topic of several recent research reports. StockNews.com raised Groupon from a "sell" rating to a "hold" rating in a report on Monday, March 18th. Roth Mkm reaffirmed a "buy" rating and issued a $28.00 price target on shares of Groupon in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Groupon has a consensus rating of "Hold" and an average price target of $12.38.
Check Out Our Latest Stock Report on Groupon
Groupon Trading Down 1.9 %
The company has a 50-day simple moving average of $14.41 and a 200-day simple moving average of $14.17. The company has a debt-to-equity ratio of 5.48, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $600.61 million, a P/E ratio of -11.78 and a beta of 1.83.
Groupon (NASDAQ:GRPN - Get Free Report) last released its earnings results on Thursday, May 9th. The coupon company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.19. The firm had revenue of $123.08 million for the quarter, compared to the consensus estimate of $118.37 million. During the same quarter in the previous year, the firm earned ($0.70) EPS. On average, sell-side analysts forecast that Groupon, Inc. will post 0.02 EPS for the current fiscal year.
Institutional Investors Weigh In On Groupon
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wolf Hill Capital Management LP acquired a new position in Groupon in the first quarter valued at about $17,897,000. Pale Fire Capital SE raised its stake in Groupon by 4.8% in the fourth quarter. Pale Fire Capital SE now owns 7,040,410 shares of the coupon company's stock valued at $90,399,000 after buying an additional 323,344 shares during the period. Invesco Ltd. increased its stake in shares of Groupon by 158.8% during the third quarter. Invesco Ltd. now owns 513,075 shares of the coupon company's stock worth $7,860,000 after purchasing an additional 314,812 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Groupon during the first quarter worth approximately $711,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Groupon during the first quarter worth approximately $575,000. Institutional investors own 90.05% of the company's stock.
Groupon Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Groupon, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Groupon wasn't on the list.
While Groupon currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
