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

Shares of Groupon, Inc. (NASDAQ:GRPN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group reduced 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 reduced their price target on Groupon from $20.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Groupon presently has an average rating of “Moderate Buy” and an average target price of $17.00.

Groupon Stock Performance

The business has a 50-day moving average price of $11.59 and a 200-day moving average price of $11.22. The firm has a market capitalization of $492.35 million, a price-to-earnings ratio of 24.27 and a beta of 1.67. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66.

Hedge Funds Weigh In On Groupon

Hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new position in shares of Groupon in the 4th quarter valued at $26,000. Picton Mahoney Asset Management increased its position in shares of Groupon by 68.2% in the 4th quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company’s stock valued at $30,000 after acquiring an additional 992 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Groupon in the 4th quarter valued at $41,000. Amundi increased its position in shares of Groupon by 35.5% in the 4th quarter. Amundi now owns 3,838 shares of the coupon company’s stock valued at $47,000 after acquiring an additional 1,006 shares during the period. Finally, FMR LLC increased its position in shares of Groupon by 112.5% in the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock valued at $53,000 after acquiring an additional 2,888 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

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.