Groupon (NASDAQ:GRPN) Trading Down 6.9% – Here’s Why

Groupon, Inc. (NASDAQ:GRPN)’s share price was down 6.9% during trading on Tuesday . The stock traded as low as $14.92 and last traded at $15.0250. Approximately 836,091 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 883,466 shares. The stock had previously closed at $16.14.

Analysts Set New Price Targets

Several brokerages recently issued reports on GRPN. Weiss Ratings reissued a “sell (d)” rating on shares of Groupon in a research note on Monday, December 29th. Wall Street Zen cut shares of Groupon from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Zacks Research downgraded shares of Groupon from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Groupon has a consensus rating of “Hold” and a consensus target price of $31.25.

Groupon Trading Down 2.2%

The company has a 50 day moving average of $16.80 and a 200 day moving average of $22.20. The firm has a market cap of $643.19 million, a P/E ratio of -4.52 and a beta of 0.02. The company has a debt-to-equity ratio of 4.16, a quick ratio of 0.93 and a current ratio of 0.93.

Groupon (NASDAQ:GRPN) last posted its earnings results on Thursday, November 6th. The coupon company reported ($2.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($2.93). Groupon had a negative net margin of 28.52% and a negative return on equity of 717.37%. The business had revenue of $122.83 million during the quarter, compared to analyst estimates of $121.99 million. Analysts predict that Groupon, Inc. will post -0.31 EPS for the current fiscal year.

Institutional Trading of Groupon

Large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in Groupon in the 3rd quarter worth approximately $32,000. CWM LLC raised its position in shares of Groupon by 85.2% in the third quarter. CWM LLC now owns 1,858 shares of the coupon company’s stock valued at $43,000 after purchasing an additional 855 shares during the period. Quarry LP lifted its stake 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 buying an additional 629 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of Groupon during the 3rd quarter worth $53,000. Finally, USA Financial Formulas bought a new stake in shares of Groupon during the 2nd quarter worth $57,000. Institutional investors own 90.05% of the company’s stock.

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.