Groupon, Inc. (NASDAQ:GRPN – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.97 and traded as high as $14.87. Groupon shares last traded at $14.85, with a volume of 828,554 shares changing hands.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on GRPN. StockNews.com raised Groupon from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. Roth Mkm reaffirmed a “buy” rating and set a $28.00 price target on shares of Groupon in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Groupon currently has a consensus rating of “Hold” and an average price target of $12.38.
Check Out Our Latest Report on Groupon
Groupon Trading Up 1.4 %
Groupon (NASDAQ:GRPN – Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The coupon company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.19. The firm had revenue of $123.08 million for the quarter, compared to the consensus estimate of $118.37 million. During the same period last year, the company posted ($0.70) earnings per share. On average, equities research analysts anticipate that Groupon, Inc. will post 0.02 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Groupon
A number of large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Groupon in the fourth quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Groupon by 6.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,723 shares of the coupon company’s stock worth $536,000 after acquiring an additional 2,355 shares during the period. SG Americas Securities LLC bought a new position in shares of Groupon in the fourth quarter worth $113,000. State Board of Administration of Florida Retirement System bought a new position in shares of Groupon in the first quarter worth $151,000. Finally, EntryPoint Capital LLC bought a new position in shares of Groupon in the first quarter worth $153,000. 90.05% of the stock is owned by institutional investors.
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.
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