Groupon (NASDAQ:GRPN) Stock Price Up 5% – Time to Buy?

Shares of Groupon, Inc. (NASDAQ:GRPN) rose 5% on Wednesday . The stock traded as high as $16.80 and last traded at $16.6620. Approximately 632,093 shares traded hands during trading, a decline of 55% from the average daily volume of 1,419,960 shares. The stock had previously closed at $15.87.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GRPN. Wall Street Zen lowered shares of Groupon from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research lowered Groupon from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Groupon in a report on Monday. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $29.80.

Groupon Stock Performance

The stock’s 50-day moving average price is $18.48 and its 200-day moving average price is $25.70. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 4.16. The company has a market capitalization of $677.43 million, a P/E ratio of -4.76 and a beta of 0.08.

Groupon (NASDAQ:GRPN) last issued its earnings results on Thursday, November 6th. The coupon company reported ($2.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($2.93). Groupon had a negative return on equity of 717.37% and a negative net margin of 28.52%.The business had revenue of $122.83 million during the quarter, compared to the consensus estimate of $121.99 million. As a group, equities analysts expect that Groupon, Inc. will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Continental General Insurance Co. bought a new stake in Groupon in the 1st quarter valued at about $42,847,000. Marshall Wace LLP increased its stake in shares of Groupon by 59.4% in the second quarter. Marshall Wace LLP now owns 1,167,422 shares of the coupon company’s stock valued at $39,050,000 after purchasing an additional 434,963 shares during the period. Jump Financial LLC bought a new stake in shares of Groupon during the second quarter valued at approximately $7,097,000. Invesco Ltd. raised its holdings in shares of Groupon by 351.8% during the first quarter. Invesco Ltd. now owns 261,447 shares of the coupon company’s stock valued at $4,907,000 after buying an additional 203,585 shares during the last quarter. Finally, FORA Capital LLC acquired a new position in shares of Groupon during the first quarter worth approximately $409,000. 90.05% of the stock is currently owned by institutional investors.

Groupon Company Profile

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.