Stock Traders Buy Large Volume of Groupon Call Options (NASDAQ:GRPN)

Groupon, Inc. (NASDAQ:GRPN) saw some unusual options trading activity on Wednesday. Stock traders acquired 10,209 call options on the stock. This represents an increase of approximately 32% compared to the average daily volume of 7,740 call options.

Hedge Funds Weigh In On Groupon

Large investors have recently modified their holdings of the business. Blueshift Asset Management LLC acquired a new stake in shares of Groupon in the fourth quarter valued at about $732,000. Centiva Capital LP bought a new position in Groupon in the third quarter valued at approximately $442,000. State Street Corp increased its position in shares of Groupon by 19.2% during the 3rd quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock worth $6,953,000 after purchasing an additional 114,400 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Groupon during the 4th quarter worth approximately $2,178,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Groupon in the 3rd quarter valued at approximately $814,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Groupon Stock Down 0.3 %

Groupon stock 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. Groupon has a 1-year low of $7.75 and a 1-year high of $18.60. The company has a fifty day simple moving average of $12.40 and a 200 day simple moving average of $11.32. The company has a market cap of $724.16 million, a P/E ratio of 35.67 and a beta of 1.41.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GRPN. Ascendiant Capital Markets raised 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 upped their price objective on Groupon from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.75.

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.