Groupon (NASDAQ:GRPN) Shares Up 8.6%

Shares of Groupon, Inc. (NASDAQ:GRPN) were up 8.6% during mid-day trading on Friday . The company traded as high as $16.60 and last traded at $16.60. Approximately 218,022 shares changed hands during trading, a decline of 82% from the average daily volume of 1,198,753 shares. The stock had previously closed at $15.28.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GRPN shares. StockNews.com upgraded Groupon from a “sell” rating to a “hold” rating in a report on Monday, March 18th. Roth Mkm reaffirmed a “buy” rating and set a $28.00 target price on shares of Groupon in a research report on Tuesday, April 16th. Northland Capmk raised shares of Groupon to a “strong-buy” rating in a report on Wednesday. Finally, Northland Securities initiated coverage on shares of Groupon in a report on Wednesday. They set an “outperform” rating and a $22.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $14.30.

Groupon Trading Up 11.5 %

The firm’s 50-day moving average price is $14.88 and its 200-day moving average price is $14.28. The company has a market cap of $673.76 million, a P/E ratio of -13.30 and a beta of 1.83. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.48.

Groupon (NASDAQ:GRPN) last posted its earnings results on Thursday, May 9th. The coupon company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.19. The company had revenue of $123.08 million for the quarter, compared to analysts’ expectations of $118.37 million. During the same quarter in the prior year, the company earned ($0.70) EPS. As a group, equities research analysts expect that Groupon, Inc. will post 0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Pale Fire Capital SE raised its position in Groupon by 4.8% during the fourth quarter. Pale Fire Capital SE now owns 7,040,410 shares of the coupon company’s stock valued at $90,399,000 after purchasing an additional 323,344 shares in the last quarter. Wolf Hill Capital Management LP purchased a new stake in Groupon in the first quarter worth approximately $17,897,000. Vanguard Group Inc. grew its position in Groupon by 2.4% during the third quarter. Vanguard Group Inc. now owns 1,122,050 shares of the coupon company’s stock valued at $17,190,000 after acquiring an additional 26,661 shares during the last quarter. Susquehanna Portfolio Strategies LLC raised its stake in shares of Groupon by 16.3% during the first quarter. Susquehanna Portfolio Strategies LLC now owns 97,686 shares of the coupon company’s stock worth $1,303,000 after acquiring an additional 13,663 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of Groupon by 28.9% in the 1st quarter. GSA Capital Partners LLP now owns 95,722 shares of the coupon company’s stock worth $1,277,000 after acquiring an additional 21,468 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

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.