Groupon (NASDAQ:GRPN) Stock Price Down 5.9% - Should You Sell?

Groupon, Inc. (NASDAQ:GRPN - Get Free Report) was down 5.9% during mid-day trading on Monday . The company traded as low as $16.74 and last traded at $16.78. Approximately 1,145,912 shares traded hands during trading, a decline of 17% from the average daily volume of 1,388,418 shares. The stock had previously closed at $17.82.

Analysts Set New Price Targets

Several research firms have recently commented on GRPN. Ascendiant Capital Markets upped their price target on Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. The Goldman Sachs Group increased their target price on Groupon from $8.00 to $9.00 and gave the stock a "sell" rating in a research note on Friday, March 14th. 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 analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.25.

Groupon Stock Up 3.1 %

The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $993.21 million, a price-to-earnings ratio of 48.94 and a beta of 0.83. The firm's 50-day simple moving average is $17.27 and its two-hundred day simple moving average is $13.21.

Groupon (NASDAQ:GRPN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.38. Groupon had a return on equity of 91.94% and a net margin of 3.87%. The business had revenue of $117.19 million for the quarter, compared to analysts' expectations of $115.51 million. Sell-side analysts predict that Groupon, Inc. will post -0.31 EPS for the current fiscal year.

Institutional Trading of Groupon

Institutional investors and hedge funds have recently modified their holdings of the business. New York State Teachers Retirement System acquired a new position in shares of Groupon during the 4th quarter worth approximately $26,000. Picton Mahoney Asset Management raised its holdings in shares of Groupon by 68.2% in the fourth 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. KLP Kapitalforvaltning AS acquired a new position in shares of Groupon in the fourth quarter worth $41,000. Amundi lifted its position in shares of Groupon by 35.5% in the fourth quarter. Amundi now owns 3,838 shares of the coupon company's stock valued at $47,000 after acquiring an additional 1,006 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Groupon by 115.6% during the fourth quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company's stock valued at $128,000 after acquiring an additional 78,423 shares during 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.