Groupon (NASDAQ:GRPN) Trading Up 6.7%

Groupon, Inc. (NASDAQ:GRPN) traded up 6.7% on Thursday . The stock traded as high as $13.81 and last traded at $13.68. 229,205 shares changed hands during trading, a decline of 80% from the average session volume of 1,125,924 shares. The stock had previously closed at $12.82.

Analyst Ratings Changes

GRPN has been the topic of several analyst reports. StockNews.com raised Groupon from a “sell” rating to a “hold” rating in a report on Monday, March 18th. The Goldman Sachs Group boosted their price target on Groupon from $5.00 to $7.50 and gave the stock a “sell” rating in a research note on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.88.

Groupon Price Performance

The firm has a fifty day moving average price of $15.85 and a two-hundred day moving average price of $13.46. The stock has a market capitalization of $519.86 million, a PE ratio of -7.10 and a beta of 1.69.

Institutional Trading of Groupon

Several hedge funds and other institutional investors have recently bought and sold shares of GRPN. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Groupon in the 4th quarter worth $25,000. Quarry LP acquired a new stake in shares of Groupon in the 2nd quarter worth $30,000. Tower Research Capital LLC TRC raised its stake in Groupon by 634.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,254 shares of the coupon company’s stock worth $37,000 after acquiring an additional 5,403 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Groupon in the 1st quarter worth $50,000. Finally, Quantbot Technologies LP purchased a new position in Groupon in the 1st quarter worth $55,000. Institutional investors 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; and first-party goods inventory. It serves customers through its mobile applications and websites.