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

Groupon, Inc. (NASDAQ:GRPN)’s share price fell 6.3% during trading on Thursday . The stock traded as low as $19.28 and last traded at $19.0630. 153,143 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,612,537 shares. The stock had previously closed at $20.35.

Analyst Upgrades and Downgrades

GRPN has been the subject of several research reports. The Goldman Sachs Group restated a “sell” rating and set a $22.00 price objective on shares of Groupon in a research report on Monday, August 10th. Citigroup reiterated an “outperform” rating on shares of Groupon in a report on Tuesday, June 9th. Northland Securities set a $30.00 target price on shares of Groupon in a research note on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of Groupon in a report on Tuesday, June 9th. Finally, Wall Street Zen upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has 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 “Reduce” and a consensus target price of $26.00.

Groupon Trading Down 0.1%

The stock has a market capitalization of $796.63 million, a PE ratio of -6.30 and a beta of 0.23. The firm’s 50-day simple moving average is $23.67 and its two-hundred day simple moving average is $17.47.

Groupon (NASDAQ:GRPN) last released its earnings results on Thursday, August 6th. The coupon company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $124.67 million during the quarter, compared to analysts’ expectations of $127.09 million. As a group, research analysts expect that Groupon, Inc. will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On Groupon

Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc grew its stake in Groupon by 92.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,299 shares of the coupon company’s stock valued at $31,000 after acquiring an additional 625 shares in the last quarter. Quarry LP lifted 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 worth $45,000 after purchasing an additional 629 shares in the last quarter. Royal Bank of Canada lifted its position 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 worth $90,000 after purchasing an additional 731 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Groupon during the third quarter worth approximately $32,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Groupon by 6.9% during the fourth quarter. Franklin Resources Inc. now owns 21,340 shares of the coupon company’s stock worth $376,000 after purchasing an additional 1,377 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

About Groupon

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.