Groupon (NASDAQ:GRPN) Shares Gap Down - What's Next?

Groupon, Inc. (NASDAQ:GRPN - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $29.45, but opened at $28.42. Groupon shares last traded at $28.80, with a volume of 155,308 shares trading hands.

Analysts Set New Price Targets

GRPN has been the topic of several recent research reports. Wall Street Zen lowered shares of Groupon from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Ascendiant Capital Markets lifted their price objective on Groupon from $14.00 to $19.00 and gave the company a "buy" rating in a research report on Monday, March 17th. The Goldman Sachs Group upped their price objective on shares of Groupon from $9.00 to $15.00 and gave the stock a "sell" rating in a report on Monday, May 12th. Finally, Roth Mkm raised their price target on Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.75.

Groupon Price Performance

The stock has a market capitalization of $1.16 billion, a PE ratio of 57.04 and a beta of 0.83. The stock's 50 day moving average price is $21.11 and its 200-day moving average price is $14.93. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66.

Groupon (NASDAQ:GRPN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The coupon company reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.38. The business had revenue of $117.19 million during the quarter, compared to analyst estimates of $115.51 million. Groupon had a net margin of 3.87% and a return on equity of 91.94%. As a group, equities analysts forecast that Groupon, Inc. will post -0.31 EPS for the current year.

Institutional Trading of Groupon

Several large investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management lifted its holdings in shares of Groupon by 68.2% in the 4th quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company's stock worth $30,000 after acquiring an additional 992 shares during the last quarter. Amundi increased its holdings in shares of Groupon by 35.5% in the 4th quarter. Amundi now owns 3,838 shares of the coupon company's stock valued at $47,000 after acquiring an additional 1,006 shares during the last quarter. Rhumbline Advisers lifted its position in Groupon by 3.2% in the fourth quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company's stock valued at $410,000 after acquiring an additional 1,030 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Groupon by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company's stock worth $2,435,000 after buying an additional 1,449 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of Groupon by 6.8% in the 4th quarter. California State Teachers Retirement System now owns 23,897 shares of the coupon company's stock valued at $290,000 after acquiring an additional 1,526 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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.