Groupon (NASDAQ:GRPN) Trading Down 3.3% - Here's What Happened

Groupon, Inc. (NASDAQ:GRPN - Get Free Report)'s share price was down 3.3% during mid-day trading on Thursday . The stock traded as low as $34.17 and last traded at $34.58. Approximately 701,082 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 1,461,375 shares. The stock had previously closed at $35.74.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GRPN shares. Ascendiant Capital Markets boosted their price objective on shares of Groupon from $14.00 to $19.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Roth Capital boosted their price target on shares of Groupon from $33.00 to $47.00 and gave the company a "buy" rating in a report on Friday, June 20th. Wall Street Zen lowered shares of Groupon from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Roth Mkm boosted their price target on shares of Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, The Goldman Sachs Group boosted their price target on shares of Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

Groupon Stock Performance

The company has a debt-to-equity ratio of 4.23, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $1.37 billion, a P/E ratio of -36.26 and a beta of 1.04. The firm's fifty day moving average price is $27.50 and its 200 day moving average price is $18.33.

Groupon (NASDAQ:GRPN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The coupon company reported $0.18 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.38. The firm had revenue of $117.19 million during the quarter, compared to analyst estimates of $115.51 million. Groupon had a negative net margin of 8.13% and a negative return on equity of 83.07%. Sell-side analysts expect that Groupon, Inc. will post -0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Picton Mahoney Asset Management raised its stake in shares of Groupon by 68.2% during 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 in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Groupon during the 4th quarter worth approximately $41,000. Amundi raised its stake in shares of Groupon by 35.5% during the 4th quarter. Amundi now owns 3,838 shares of the coupon company's stock worth $47,000 after acquiring an additional 1,006 shares in the last quarter. AlphaQuest LLC raised its stake in shares of 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 acquiring an additional 2,949 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Groupon by 115.6% during the 4th quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company's stock worth $128,000 after acquiring an additional 78,423 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

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.