Groupon (NASDAQ:GRPN) Shares Down 5.1% - Should You Sell?

Groupon, Inc. (NASDAQ:GRPN - Get Free Report) shares fell 5.1% during trading on Monday . The stock traded as low as $31.87 and last traded at $31.27. 697,650 shares were traded during mid-day trading, a decline of 53% from the average session volume of 1,488,056 shares. The stock had previously closed at $32.94.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GRPN. Ascendiant Capital Markets raised their price objective on shares of Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Roth Mkm raised their price objective on shares of Groupon from $21.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. The Goldman Sachs Group raised 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. Northland Securities raised their price objective on shares of Groupon from $30.00 to $35.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Finally, Wall Street Zen lowered shares of Groupon from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Groupon presently has a consensus rating of "Moderate Buy" and an average price target of $23.25.

Groupon Stock Down 1.0%

The company's fifty day moving average price is $23.66 and its 200-day moving average price is $16.35. The stock has a market capitalization of $1.29 billion, a PE ratio of 63.39 and a beta of 1.04. 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 earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.38. Groupon had a net margin of 3.87% and a return on equity of 91.94%. The firm had revenue of $117.19 million during the quarter, compared to analyst estimates of $115.51 million. Analysts forecast that Groupon, Inc. will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Groupon

Several institutional investors and hedge funds have recently made changes to their positions in the company. Continental General Insurance Co. bought a new stake in shares of Groupon during the first quarter valued at approximately $42,847,000. Tyro Capital Management LLC bought a new stake in shares of Groupon during the fourth quarter valued at approximately $20,964,000. Prentice Capital Management LP increased its position in shares of Groupon by 291.3% during the fourth quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company's stock valued at $9,498,000 after acquiring an additional 581,943 shares in the last quarter. Invesco Ltd. increased its position in shares of Groupon by 351.8% during the first quarter. Invesco Ltd. now owns 261,447 shares of the coupon company's stock valued at $4,907,000 after acquiring an additional 203,585 shares in the last quarter. Finally, Prospect Capital Advisors LLC bought a new stake in shares of Groupon during the fourth quarter valued at approximately $2,935,000. Institutional investors own 90.05% of the company's stock.

About Groupon

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.