Groupon (NASDAQ:GRPN) Stock Passes Above 200-Day Moving Average – Should You Sell?

Groupon, Inc. (NASDAQ:GRPN)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.22 and traded as high as $13.13. Groupon shares last traded at $12.38, with a volume of 933,819 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. The Goldman Sachs Group lowered their price target on Groupon from $11.00 to $8.00 and set a “sell” rating for the company in a report on Thursday, November 14th. Northland Securities lowered their price target on Groupon from $20.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.00.

Groupon Stock Down 4.6 %

The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $492.35 million, a PE ratio of 24.27 and a beta of 1.67. The business has a fifty day moving average of $11.59 and a 200-day moving average of $11.22.

Hedge Funds Weigh In On Groupon

Large investors have recently bought and sold shares of the business. Centiva Capital LP bought a new position in Groupon in the third quarter worth approximately $442,000. State Street Corp raised its stake in Groupon by 19.2% in the third quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock worth $6,953,000 after buying an additional 114,400 shares in the last quarter. Quantbot Technologies LP bought a new position in Groupon in the third quarter worth approximately $814,000. Stifel Financial Corp bought a new position in Groupon in the third quarter worth approximately $201,000. Finally, FMR LLC raised its stake in Groupon by 112.5% in the third quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock worth $53,000 after buying an additional 2,888 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Groupon Company Profile

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. It serves customers through its mobile applications and websites.