Groupon Target of Unusually High Options Trading (NASDAQ:GRPN)

Groupon, Inc. (NASDAQ:GRPN) saw some unusual options trading on Wednesday. Traders bought 10,209 call options on the stock. This represents an increase of approximately 32% compared to the typical volume of 7,740 call options.

Groupon Stock Down 1.3 %

Shares of NASDAQ:GRPN traded down $0.23 during midday trading on Wednesday, hitting $18.01. 698,314 shares of the company’s stock traded hands, compared to its average volume of 1,343,017. The firm’s fifty day moving average price is $12.25 and its two-hundred day moving average price is $11.27. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93. Groupon has a twelve month low of $7.75 and a twelve month high of $18.50. The company has a market cap of $717.00 million, a PE ratio of 35.25 and a beta of 1.41.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GRPN shares. Ascendiant Capital Markets increased their price objective on shares of Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, March 17th. The Goldman Sachs Group lifted their price target on shares of Groupon from $8.00 to $9.00 and gave the company a “sell” rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.75.

Institutional Trading of Groupon

Large investors have recently bought and sold shares of the company. Tyro Capital Management LLC purchased a new position in shares of Groupon in the fourth quarter valued at $20,964,000. Hennessy Advisors Inc. increased its position in shares of Groupon by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company’s stock worth $10,399,000 after acquiring an additional 54,600 shares during the last quarter. Prentice Capital Management LP lifted its stake in shares of Groupon by 291.3% in the fourth quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company’s stock worth $9,498,000 after acquiring an additional 581,943 shares in the last quarter. State Street Corp boosted its holdings in Groupon by 19.2% in the third quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock valued at $6,953,000 after purchasing an additional 114,400 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Groupon by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company’s stock valued at $5,542,000 after purchasing an additional 1,498 shares in the last quarter. 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. It serves customers through its mobile applications and websites.