Groupon (NASDAQ:GRPN) Share Price Crosses Above 50 Day Moving Average of $3.54

Shares of Groupon Inc (NASDAQ:GRPN) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.54 and traded as high as $3.52. Groupon shares last traded at $3.51, with a volume of 22,821 shares trading hands.

Several equities research analysts have weighed in on GRPN shares. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research downgraded Wix.Com from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Finally, BidaskClub downgraded Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $4.22.

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 38.67, a price-to-earnings-growth ratio of 6.54 and a beta of 1.29. The business has a fifty day moving average price of $3.54.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Tuesday, April 30th. The coupon company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. Groupon had a positive return on equity of 18.28% and a negative net margin of 1.80%. The business had revenue of $578.40 million during the quarter, compared to the consensus estimate of $552.97 million. During the same quarter last year, the company earned $0.03 earnings per share. The company’s quarterly revenue was down 7.7% on a year-over-year basis. On average, equities analysts forecast that Groupon Inc will post 0.09 EPS for the current year.

In related news, Director Eric P. Lefkofsky sold 3,000,000 shares of Groupon stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $3.50, for a total transaction of $10,500,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 15.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new stake in shares of Groupon during the first quarter worth about $38,000. Moors & Cabot Inc. acquired a new stake in shares of Groupon during the first quarter worth about $40,000. Hellman Jordan Management Co. Inc. MA acquired a new stake in shares of Groupon during the first quarter worth about $48,000. Piedmont Investment Advisors Inc. acquired a new stake in shares of Groupon during the first quarter worth about $48,000. Finally, Marathon Trading Investment Management LLC acquired a new stake in shares of Groupon during the fourth quarter worth about $47,000. 67.64% of the stock is owned by hedge funds and other institutional investors.

About Groupon (NASDAQ:GRPN)

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.

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