Groupon (NASDAQ:GRPN) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Groupon, Inc. (NASDAQ:GRPN)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.98 and traded as high as $21.17. Groupon shares last traded at $20.69, with a volume of 4,103,488 shares changing hands.

Analyst Ratings Changes

A number of research analysts have issued reports on GRPN shares. The Goldman Sachs Group reissued a “sell” rating and issued 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 research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.67.

Groupon Trading Up 9.3%

The company has a fifty day simple moving average of $14.15 and a 200-day simple moving average of $14.98. The company has a market capitalization of $785.81 million, a PE ratio of -7.93 and a beta of 0.11.

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

Institutional Trading of Groupon

Several large investors have recently added to or reduced their stakes in GRPN. Bank of America Corp DE grew its holdings in Groupon by 552.5% in the 2nd quarter. Bank of America Corp DE now owns 1,136,524 shares of the coupon company’s stock valued at $38,017,000 after buying an additional 962,337 shares in the last quarter. Millennium Management LLC grew its holdings in Groupon by 749.0% in the 4th quarter. Millennium Management LLC now owns 791,498 shares of the coupon company’s stock valued at $13,938,000 after buying an additional 698,270 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Groupon by 464.1% in the 1st quarter. Renaissance Technologies LLC now owns 619,413 shares of the coupon company’s stock valued at $7,371,000 after buying an additional 509,600 shares in the last quarter. Vanguard Group Inc. grew its holdings in Groupon by 22.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,108,578 shares of the coupon company’s stock valued at $49,235,000 after buying an additional 383,277 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in Groupon in the 4th quarter valued at $5,993,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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.