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

Groupon, Inc. (NASDAQ:GRPN)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. The Goldman Sachs Group restated a “sell” rating and set a $13.00 price target (up from $10.00) on shares of Groupon in a research note on Tuesday, May 12th. Wall Street Zen downgraded 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 assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.67.

Groupon Price Performance

The company has a market cap of $785.81 million, a P/E ratio of -7.93 and a beta of 0.11. The business has a 50-day moving average of $14.15 and a two-hundred day moving average of $14.98.

Groupon (NASDAQ:GRPN) last issued 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 return on equity of 717.37% and a negative net margin of 20.78%.The business had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $117.65 million. Equities analysts anticipate that Groupon, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Groupon

Large investors have recently modified their holdings of the business. Quarry LP lifted its holdings in shares of Groupon by 48.1% during the third quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock worth $45,000 after purchasing an additional 629 shares during the period. Royal Bank of Canada lifted its holdings in shares of Groupon by 10.6% during the first quarter. Royal Bank of Canada now owns 7,618 shares of the coupon company’s stock worth $90,000 after purchasing an additional 731 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Groupon during the third quarter worth about $32,000. Franklin Resources Inc. lifted its holdings in shares of Groupon by 6.9% during the fourth quarter. Franklin Resources Inc. now owns 21,340 shares of the coupon company’s stock worth $376,000 after purchasing an additional 1,377 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Groupon by 4.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,126 shares of the coupon company’s stock worth $566,000 after purchasing an additional 1,486 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

About Groupon

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.