Groupon (NASDAQ:GRPN) Shares Pass Above 200-Day Moving Average – Should You 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 changing hands.

Analyst Ratings Changes

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

Groupon Stock Performance

The stock has a market cap of $657.81 million, a P/E ratio of -6.64 and a beta of 0.11. The stock has a 50-day moving average price of $13.45 and a 200-day moving average price of $15.01.

Groupon (NASDAQ:GRPN) last announced its 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). 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%. Sell-side analysts forecast that Groupon, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of Groupon

A number of hedge funds have recently made changes to their positions in GRPN. Y Intercept Hong Kong Ltd bought a new stake in Groupon in the 3rd quarter worth approximately $2,030,000. Quantbot Technologies LP bought a new stake in Groupon in the 3rd quarter worth approximately $2,263,000. Counterpoint Mutual Funds LLC lifted its position in Groupon by 1,008.6% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 121,439 shares of the coupon company’s stock worth $2,836,000 after buying an additional 110,485 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. lifted its stake in Groupon by 147.7% in the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 528,089 shares of the coupon company’s stock worth $9,300,000 after purchasing an additional 314,896 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Groupon by 764.9% in the fourth quarter. SG Americas Securities LLC now owns 197,546 shares of the coupon company’s stock worth $3,479,000 after purchasing an additional 174,705 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

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.