Groupon (NASDAQ:GRPN) Trading Down 3.3% - Time to Sell?

Shares of Groupon, Inc. (NASDAQ:GRPN - Get Free Report) fell 3.3% on Thursday . The stock traded as low as $34.17 and last traded at $34.58. 701,082 shares changed hands during trading, a decline of 52% from the average session volume of 1,461,375 shares. The stock had previously closed at $35.74.

Analysts Set New Price Targets

GRPN has been the topic of several recent research reports. Northland Securities lifted their target price on shares of Groupon from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Roth Capital boosted their price objective on Groupon from $33.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Roth Mkm increased their price target on shares of Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Wall Street Zen lowered Groupon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Ascendiant Capital Markets raised their price objective on Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Groupon presently has an average rating of "Moderate Buy" and a consensus target price of $28.00.

Groupon Stock Down 5.1%

The firm's 50 day moving average is $26.89 and its two-hundred day moving average is $17.95. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -35.69 and a beta of 1.04. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 4.23.

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

Institutional Investors Weigh In On Groupon

Several institutional investors and hedge funds have recently modified their holdings of GRPN. Blueshift Asset Management LLC purchased a new position in shares of Groupon during the 4th quarter valued at approximately $732,000. BNP Paribas Financial Markets acquired a new position in shares of Groupon during the fourth quarter worth approximately $422,000. Tyro Capital Management LLC acquired a new position in Groupon during the 4th quarter worth $20,964,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Groupon during the fourth quarter valued at $2,178,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Groupon by 32.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,463 shares of the coupon company's stock valued at $1,075,000 after purchasing an additional 21,918 shares in the last quarter. Hedge funds and other 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.

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