Groupon (NASDAQ:GRPN) Trading Down 6.3% – Should You Sell?

Groupon, Inc. (NASDAQ:GRPN) shares traded down 6.3% on Wednesday . The stock traded as low as $24.72 and last traded at $25.1690. Approximately 277,340 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 1,633,503 shares. The stock had previously closed at $26.85.

Analyst Ratings Changes

Several analysts recently commented on GRPN shares. Wall Street Zen downgraded shares of Groupon from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Citigroup reissued an “outperform” rating on shares of Groupon in a report on Tuesday, June 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Groupon in a research report on Tuesday, June 9th. The Goldman Sachs Group restated a “sell” rating and set a $13.00 price objective (up from $10.00) on shares of Groupon in a research report on Tuesday, May 12th. Finally, Northland Securities set a $26.00 price objective on Groupon in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.50.

Groupon Trading Up 4.2%

The stock has a market cap of $1.01 billion, a P/E ratio of -10.20 and a beta of 0.23. The firm has a 50-day simple moving average of $19.10 and a two-hundred day simple moving average of $15.67.

Groupon (NASDAQ:GRPN) last posted its earnings results on Thursday, May 7th. The coupon company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). The firm had revenue of $117.20 million during the quarter, compared to the consensus estimate of $117.65 million. Sell-side analysts predict that Groupon, Inc. will post -0.16 earnings per share for the current year.

Institutional Trading of Groupon

A number of institutional investors have recently bought and sold shares of GRPN. Versant Capital Management Inc grew its position in shares of Groupon by 92.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,299 shares of the coupon company’s stock worth $31,000 after purchasing an additional 625 shares in the last quarter. Quarry LP raised its position in shares of Groupon by 48.1% in the third quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock valued at $45,000 after buying an additional 629 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Groupon by 10.6% in the first quarter. Royal Bank of Canada now owns 7,618 shares of the coupon company’s stock valued at $90,000 after buying an additional 731 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Groupon in the third quarter valued at approximately $32,000. Finally, Franklin Resources Inc. boosted its stake in shares of Groupon by 6.9% in the fourth quarter. Franklin Resources Inc. now owns 21,340 shares of the coupon company’s stock valued at $376,000 after buying an additional 1,377 shares during the period. Institutional investors own 90.05% of the company’s stock.

Groupon Company Profile

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.