Groupon (NASDAQ:GRPN) Stock Crosses Above 200 Day Moving Average of $6.21

Groupon, Inc. (NASDAQ:GRPN) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.21 and traded as high as $12.91. Groupon shares last traded at $12.45, with a volume of 1,463,959 shares traded.

Wall Street Analysts Forecast Growth

GRPN has been the topic of a number of research analyst reports. StockNews.com started coverage on shares of Groupon in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Barclays upped their price target on shares of Groupon from $4.00 to $6.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. The Goldman Sachs Group lifted their price objective on Groupon from $3.00 to $4.00 and gave the company a “sell” rating in a research report on Friday, August 11th. Finally, Credit Suisse Group upped their target price on Groupon from $3.40 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, August 11th.

Groupon Price Performance

The company has a market cap of $389.05 million, a P/E ratio of -2.47 and a beta of 1.70. The stock has a 50-day simple moving average of $9.03 and a 200 day simple moving average of $6.21. The company has a debt-to-equity ratio of 25.39, a quick ratio of 0.53 and a current ratio of 0.53.

Hedge Funds Weigh In On Groupon

A number of hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new stake in shares of Groupon during the 1st quarter valued at about $50,000. Quantbot Technologies LP acquired a new stake in Groupon during the first quarter valued at approximately $55,000. Quarry LP bought a new stake in shares of Groupon in the 2nd quarter valued at approximately $30,000. Tower Research Capital LLC TRC raised its holdings in shares of Groupon by 303.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,990 shares of the coupon company’s stock worth $48,000 after buying an additional 4,507 shares in the last quarter. Finally, Focused Wealth Management Inc bought a new position in shares of Groupon during the 2nd quarter worth approximately $59,000. Institutional investors and hedge funds 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; and first-party goods inventory. It serves customers through its mobile applications and websites.