Traders Purchase High Volume of Call Options on Groupon (NASDAQ:GRPN)

Groupon, Inc. (NASDAQ:GRPN) was the target of some unusual options trading on Wednesday. Stock traders purchased 10,209 call options on the company. This is an increase of 32% compared to the typical volume of 7,740 call options.

Analyst Ratings Changes

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

Institutional Trading of Groupon

Institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in shares of Groupon in the 3rd quarter worth $814,000. FMR LLC grew its position in shares of Groupon by 112.5% during the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock worth $53,000 after buying an additional 2,888 shares during the period. MetLife Investment Management LLC increased its stake in shares of Groupon by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 13,340 shares of the coupon company’s stock valued at $130,000 after acquiring an additional 7,516 shares during the last quarter. Maverick Capital Ltd. raised its position in shares of Groupon by 28.7% in the 3rd quarter. Maverick Capital Ltd. now owns 75,051 shares of the coupon company’s stock valued at $734,000 after acquiring an additional 16,734 shares during the period. Finally, Centiva Capital LP acquired a new stake in shares of Groupon in the 3rd quarter valued at approximately $442,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Groupon Stock Down 0.3 %

Shares of NASDAQ GRPN opened at $18.19 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.66. The firm has a market capitalization of $724.16 million, a PE ratio of 35.67 and a beta of 1.41. The firm’s 50-day moving average is $12.40 and its 200-day moving average is $11.32. Groupon has a 1 year low of $7.75 and a 1 year high of $18.60.

Groupon Company Profile

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.