Groupon (NASDAQ:GRPN) Trading Up 6.7%

Groupon, Inc. (NASDAQ:GRPN)’s stock price was up 6.7% during trading on Thursday . The company traded as high as $13.81 and last traded at $13.68. Approximately 229,205 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 1,125,924 shares. The stock had previously closed at $12.82.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GRPN shares. The Goldman Sachs Group lifted their price target on shares of Groupon from $5.00 to $7.50 and gave the company a “sell” rating in a research report on Friday, January 19th. StockNews.com raised shares of Groupon from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Groupon presently has a consensus rating of “Hold” and a consensus target price of $12.88.

Groupon Trading Up 4.1 %

The company’s fifty day simple moving average is $15.85 and its 200-day simple moving average is $13.46. The stock has a market cap of $519.86 million, a P/E ratio of -7.10 and a beta of 1.69.

Institutional Investors Weigh In On Groupon

Several institutional investors and hedge funds have recently made changes to their positions in GRPN. Barclays PLC lifted its position in Groupon by 2.1% during the 2nd quarter. Barclays PLC now owns 58,996 shares of the coupon company’s stock worth $349,000 after buying an additional 1,206 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Groupon by 7.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,335 shares of the coupon company’s stock valued at $217,000 after purchasing an additional 1,800 shares during the period. FMR LLC lifted its position in Groupon by 75.1% during the 3rd quarter. FMR LLC now owns 4,391 shares of the coupon company’s stock valued at $67,000 after purchasing an additional 1,883 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Groupon during the 4th quarter valued at about $25,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Groupon by 6.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,723 shares of the coupon company’s stock valued at $536,000 after purchasing an additional 2,355 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

About Groupon

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; and first-party goods inventory. It serves customers through its mobile applications and websites.