Groupon (NASDAQ:GRPN) Shares Down 6.9% – Here’s Why

Groupon, Inc. (NASDAQ:GRPN) shares fell 6.9% during trading on Tuesday . The stock traded as low as $14.92 and last traded at $15.0250. 836,091 shares traded hands during trading, a decline of 5% from the average session volume of 883,466 shares. The stock had previously closed at $16.14.

Wall Street Analyst Weigh In

GRPN has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Groupon in a report on Monday, December 29th. Wall Street Zen downgraded shares of Groupon from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Zacks Research lowered shares of Groupon from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Groupon has a consensus rating of “Hold” and a consensus price target of $31.25.

Groupon Trading Down 4.7%

The business has a fifty day moving average price of $16.75 and a 200 day moving average price of $21.98. The firm has a market capitalization of $601.62 million, a price-to-earnings ratio of -4.23 and a beta of 0.02. The company has a debt-to-equity ratio of 4.16, a quick ratio of 0.93 and a current ratio of 0.93.

Groupon (NASDAQ:GRPN) last issued its earnings results on Thursday, November 6th. The coupon company reported ($2.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($2.93). Groupon had a negative return on equity of 717.37% and a negative net margin of 28.52%.The firm had revenue of $122.83 million for the quarter, compared to analysts’ expectations of $121.99 million. As a group, equities analysts forecast that Groupon, Inc. will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Groupon

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of Groupon during the 3rd quarter valued at approximately $32,000. CWM LLC raised its holdings in Groupon by 85.2% in the third quarter. CWM LLC now owns 1,858 shares of the coupon company’s stock valued at $43,000 after acquiring an additional 855 shares in the last quarter. Quarry LP boosted its stake in Groupon by 48.1% during the 3rd quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock valued at $45,000 after acquiring an additional 629 shares during the last quarter. New York State Teachers Retirement System bought a new position in Groupon during the 3rd quarter valued at $53,000. Finally, USA Financial Formulas acquired a new position in Groupon during the 2nd quarter worth $57,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Groupon Company Profile

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.