Groupon (NASDAQ:GRPN) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Groupon, Inc. (NASDAQ:GRPN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.05 and traded as high as $18.56. Groupon shares last traded at $16.93, with a volume of 1,824,423 shares traded.

Analyst Ratings Changes

GRPN has been the subject of a number of research analyst reports. The Goldman Sachs Group reiterated a “sell” rating and set a $13.00 price target (up from $10.00) on shares of Groupon in a report on Tuesday, May 12th. Wall Street Zen cut Groupon from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.67.

Groupon Stock Down 3.0%

The business has a 50-day simple moving average of $13.24 and a two-hundred day simple moving average of $15.05. The stock has a market capitalization of $643.00 million, a P/E ratio of -6.49 and a beta of 0.11.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Thursday, May 7th. The coupon company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). Groupon had a negative net margin of 20.78% and a negative return on equity of 717.37%. The company had revenue of $117.20 million during the quarter, compared to the consensus estimate of $117.65 million. On average, sell-side analysts forecast that Groupon, Inc. will post 0.28 earnings per share for the current year.

Institutional Trading of Groupon

Several large investors have recently made changes to their positions in GRPN. Vanguard Group Inc. grew its holdings in shares of Groupon by 22.2% during the third quarter. Vanguard Group Inc. now owns 2,108,578 shares of the coupon company’s stock worth $49,235,000 after purchasing an additional 383,277 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Groupon by 552.5% during the second quarter. Bank of America Corp DE now owns 1,136,524 shares of the coupon company’s stock worth $38,017,000 after purchasing an additional 962,337 shares during the last quarter. Tyro Capital Management LLC grew its holdings in shares of Groupon by 6.8% during the third quarter. Tyro Capital Management LLC now owns 1,091,095 shares of the coupon company’s stock worth $25,477,000 after purchasing an additional 69,378 shares during the last quarter. Garnet Equity Capital Holdings Inc. grew its holdings in shares of Groupon by 4.4% during the fourth quarter. Garnet Equity Capital Holdings Inc. now owns 958,660 shares of the coupon company’s stock worth $16,882,000 after purchasing an additional 40,000 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Groupon by 25.8% during the fourth quarter. State Street Corp now owns 881,422 shares of the coupon company’s stock worth $15,522,000 after purchasing an additional 180,992 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Groupon Company Profile

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.