Groupon, Inc. (NASDAQ:GRPN - Get Free Report)'s share price was down 5.2% during trading on Monday after Wall Street Zen downgraded the stock from a strong-buy rating to a buy rating. The company traded as low as $22.63 and last traded at $22.76. Approximately 467,403 shares were traded during trading, a decline of 68% from the average daily volume of 1,458,995 shares. The stock had previously closed at $24.01.
GRPN has been the subject of several other research reports. The Goldman Sachs Group raised their target price on Groupon from $9.00 to $15.00 and gave the stock a "sell" rating in a research note on Monday, May 12th. Roth Capital raised their target price on Groupon from $33.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Northland Securities raised their target price on Groupon from $39.00 to $44.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Finally, UBS Group started coverage on Groupon in a research note on Thursday, August 7th. They set a "mixed" rating for the company. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Groupon presently has an average rating of "Moderate Buy" and an average target price of $29.80.
Get Our Latest Report on Groupon
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. USA Financial Formulas acquired a new position in Groupon during the 2nd quarter worth $57,000. Raymond James Financial Inc. acquired a new position in Groupon during the 2nd quarter worth $69,000. Tower Research Capital LLC TRC grew its stake in Groupon by 386.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,547 shares of the coupon company's stock worth $85,000 after purchasing an additional 2,023 shares in the last quarter. CANADA LIFE ASSURANCE Co acquired a new position in Groupon during the 2nd quarter worth $110,000. Finally, AlphaQuest LLC grew its stake in Groupon by 383.5% during the 1st quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company's stock worth $70,000 after purchasing an additional 2,949 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.
Groupon Price Performance
The stock has a market capitalization of $930.29 million, a price-to-earnings ratio of -95.31 and a beta of 0.68. The company has a debt-to-equity ratio of 4.16, a quick ratio of 0.96 and a current ratio of 0.96. The company has a 50 day moving average of $31.00 and a 200 day moving average of $25.13.
Groupon (NASDAQ:GRPN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The coupon company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.48. The company had revenue of $125.70 million during the quarter, compared to the consensus estimate of $122.46 million. Groupon had a negative return on equity of 19.61% and a negative net margin of 1.89%. As a group, equities research analysts anticipate that Groupon, Inc. will post -0.31 EPS for the current year.
About Groupon
(
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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.
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