Groupon (NASDAQ:GRPN) Shares Gap Up – What’s Next?

Groupon, Inc. (NASDAQ:GRPN) gapped up before the market opened on Wednesday . The stock had previously closed at $9.77, but opened at $12.25. Groupon shares last traded at $13.14, with a volume of 2,466,129 shares traded.

Analyst Upgrades and Downgrades

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

Groupon Price Performance

The firm has a 50-day simple moving average of $11.41 and a two-hundred day simple moving average of $11.05. The company has a market capitalization of $550.23 million, a price-to-earnings ratio of 27.32 and a beta of 1.41. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.66.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GRPN. Picton Mahoney Asset Management boosted its stake in shares of Groupon by 68.2% during the 4th quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company’s stock worth $30,000 after acquiring an additional 992 shares in the last quarter. Amundi grew its holdings in Groupon by 35.5% in the fourth quarter. Amundi now owns 3,838 shares of the coupon company’s stock valued at $47,000 after purchasing an additional 1,006 shares during the period. Rhumbline Advisers increased its position in shares of Groupon by 3.2% in the fourth quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company’s stock valued at $410,000 after buying an additional 1,030 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Groupon by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company’s stock worth $2,435,000 after buying an additional 1,449 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Groupon by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company’s stock valued at $5,542,000 after buying an additional 1,498 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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. It serves customers through its mobile applications and websites.