Groupon (NASDAQ:GRPN) Share Price Crosses Above 200 Day Moving Average of $11.71

Shares of Groupon, Inc. (NASDAQ:GRPNGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.71 and traded as high as $15.54. Groupon shares last traded at $15.52, with a volume of 1,506,975 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GRPN. Roth Mkm began coverage on shares of Groupon in a report on Thursday, October 12th. They issued a “buy” rating and a $30.00 price objective on the stock. The Goldman Sachs Group upped their price objective on shares of Groupon from $5.00 to $7.50 and gave the stock a “sell” rating in a report on Friday, January 19th. Finally, upgraded shares of Groupon from a “sell” rating to a “hold” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.88.

View Our Latest Analysis on Groupon

Groupon Trading Up 9.0 %

The firm’s 50 day moving average is $12.50 and its two-hundred day moving average is $11.71.

Groupon (NASDAQ:GRPNGet Free Report) last announced its earnings results on Thursday, November 9th. The coupon company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.33. Groupon had a negative net margin of 26.35% and a negative return on equity of 523.08%. The firm had revenue of $126.47 million for the quarter, compared to the consensus estimate of $131.03 million. As a group, analysts predict that Groupon, Inc. will post -1.54 earnings per share for the current year.

Insider Buying and Selling at Groupon

In other news, CEO Dusan Senkypl acquired 24,803 shares of the company’s stock in a transaction on Friday, November 17th. The shares were bought at an average cost of $9.50 per share, with a total value of $235,628.50. Following the transaction, the chief executive officer now owns 6,902,364 shares in the company, valued at approximately $65,572,458. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 35.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GRPN. Swiss National Bank grew its position in shares of Groupon by 7.6% in the 1st quarter. Swiss National Bank now owns 59,478 shares of the coupon company’s stock valued at $1,144,000 after buying an additional 4,200 shares during the last quarter. Raymond James & Associates acquired a new stake in Groupon during the 1st quarter worth $273,000. Bank of Montreal Can acquired a new stake in Groupon during the 1st quarter worth $414,000. MetLife Investment Management LLC boosted its stake in Groupon by 45.7% during the 1st quarter. MetLife Investment Management LLC now owns 14,560 shares of the coupon company’s stock worth $280,000 after purchasing an additional 4,568 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new stake in Groupon during the 1st quarter worth $6,673,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

About Groupon

(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; and first-party goods inventory. It serves customers through its mobile applications and websites.

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