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

Groupon, Inc. (NASDAQ:GRPN) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $19.07 and traded as high as $19.83. Groupon shares last traded at $19.71, with a volume of 667,745 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GRPN shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Groupon in a research note on Friday, September 4th. Wall Street Zen upgraded Groupon from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Northland Securities set a $30.00 target price on shares of Groupon in a research note on Monday, August 17th. Citigroup restated an “outperform” rating on shares of Groupon in a report on Tuesday, June 9th. Finally, The Goldman Sachs Group set a $16.00 price target on shares of Groupon in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $23.00.

Groupon Trading Down 2.2%

The firm has a market cap of $749.46 million, a PE ratio of -5.93 and a beta of 0.20. The business’s 50-day simple moving average is $20.96 and its 200 day simple moving average is $19.13.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Thursday, August 6th. The coupon company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $124.67 million during the quarter, compared to analysts’ expectations of $127.09 million. Analysts expect that Groupon, Inc. will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc grew its position in Groupon by 92.7% during the second quarter. Versant Capital Management Inc now owns 1,299 shares of the coupon company’s stock valued at $31,000 after buying an additional 625 shares during the period. Royal Bank of Canada boosted its stake in shares of Groupon by 10.6% during the 1st quarter. Royal Bank of Canada now owns 7,618 shares of the coupon company’s stock worth $90,000 after acquiring an additional 731 shares in the last quarter. Headlands Technologies LLC boosted its stake in shares of Groupon by 10.1% during the 2nd quarter. Headlands Technologies LLC now owns 15,054 shares of the coupon company’s stock worth $362,000 after acquiring an additional 1,382 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Groupon by 13.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 13,129 shares of the coupon company’s stock valued at $316,000 after acquiring an additional 1,553 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Groupon by 135.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,185 shares of the coupon company’s stock valued at $56,000 after acquiring an additional 1,835 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

About Groupon

Groupon, Inc operates a global e-commerce marketplace that connects consumers with local businesses and merchants. Through its website and mobile applications, the company offers discounts and promotions on experiences, dining, beauty and wellness, entertainment, travel, and other products and services.

Groupon’s platform enables merchants to reach new customers, promote their offerings, and manage digital marketing campaigns. Consumers can search for deals by location, category, and activity, while participating businesses use Groupon’s marketplace and promotional tools to support customer acquisition.

Founded in 2008, Groupon initially became known for its “daily deals” model and subsequently expanded into a broader local commerce marketplace.