Groupon (NASDAQ:GRPN) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Groupon, Inc. (NASDAQ:GRPN) shares passed 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 traded.

Analyst Ratings Changes

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

Groupon Stock Down 4.6 %

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66. The firm has a 50 day moving average of $11.59 and a two-hundred day moving average of $11.22. The firm has a market capitalization of $492.33 million, a price-to-earnings ratio of 24.27 and a beta of 1.67.

Institutional Trading of Groupon

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Groupon by 32.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,463 shares of the coupon company’s stock valued at $1,075,000 after acquiring an additional 21,918 shares during the period. Tyro Capital Management LLC acquired a new stake in Groupon in the 4th quarter valued at $20,964,000. Prentice Capital Management LP increased its stake in Groupon by 291.3% during the 4th quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company’s stock valued at $9,498,000 after purchasing an additional 581,943 shares in the last quarter. Prospect Capital Advisors LLC acquired a new position in Groupon during the fourth quarter worth $2,935,000. Finally, BNP Paribas Financial Markets acquired a new position in Groupon during the fourth quarter worth $422,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

About Groupon

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.