Groupon (NASDAQ:GRPN) Sees Strong Trading Volume – Still a Buy?

Groupon, Inc. (NASDAQ:GRPN) shares saw unusually-strong trading volume on Thursday . Approximately 1,031,712 shares were traded during trading, a decline of 7% from the previous session’s volume of 1,114,166 shares.The stock last traded at $13.98 and had previously closed at $13.98.

Wall Street Analyst Weigh In

Several research firms have weighed in on GRPN. Northland Securities decreased their target price on shares of Groupon from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. The Goldman Sachs Group reduced their price target on shares of Groupon from $11.00 to $8.00 and set a “sell” rating on the stock in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Groupon Trading Up 3.3 %

The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $574.05 million, a PE ratio of 28.62 and a beta of 1.41. The company’s 50 day simple moving average is $11.45 and its two-hundred day simple moving average is $11.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GRPN. Centiva Capital LP acquired a new position in shares of Groupon during the third quarter worth $442,000. State Street Corp increased its stake in shares of Groupon by 19.2% during the third quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock worth $6,953,000 after acquiring an additional 114,400 shares during the period. Quantbot Technologies LP purchased a new position in Groupon during the third quarter worth about $814,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Groupon in the fourth quarter valued at about $2,178,000. Finally, Stifel Financial Corp purchased a new stake in Groupon in the 3rd quarter valued at approximately $201,000. Hedge funds and other institutional investors 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. It serves customers through its mobile applications and websites.