Groupon (NASDAQ:GRPN) Shares Down 7.8% – Should You Sell?

Groupon, Inc. (NASDAQ:GRPN)’s share price fell 7.8% during trading on Monday . The company traded as low as $23.00 and last traded at $23.09. Approximately 355,267 shares changed hands during trading, a decline of 78% from the average daily volume of 1,621,708 shares. The stock had previously closed at $25.03.

Analyst Ratings Changes

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Groupon in a research note on Tuesday, June 9th. Northland Securities set a $26.00 price objective on shares of Groupon in a research report on Wednesday, May 27th. The Goldman Sachs Group restated a “sell” rating and issued a $22.00 price objective on shares of Groupon in a report on Monday. Citigroup reaffirmed an “outperform” rating on shares of Groupon in a research note on Tuesday, June 9th. Finally, Wall Street Zen upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research report on Saturday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $24.00.

Groupon Price Performance

The company has a 50 day moving average of $22.91 and a two-hundred day moving average of $17.11. The company has a market capitalization of $875.42 million, a PE ratio of -7.43 and a beta of 0.23.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Thursday, August 6th. The coupon company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. The firm had revenue of $124.67 million for the quarter, compared to analysts’ expectations of $127.09 million. On average, equities analysts anticipate that Groupon, Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Groupon

Several hedge funds have recently bought and sold shares of GRPN. Renaissance Technologies LLC increased its stake in Groupon by 464.1% during the 1st quarter. Renaissance Technologies LLC now owns 619,413 shares of the coupon company’s stock valued at $7,371,000 after purchasing an additional 509,600 shares in the last quarter. SummitTX Capital L.P. lifted its stake in shares of Groupon by 432.6% in the first quarter. SummitTX Capital L.P. now owns 81,366 shares of the coupon company’s stock worth $968,000 after buying an additional 66,088 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Groupon in the first quarter worth approximately $2,416,000. Hsbc Holdings PLC grew its holdings in shares of Groupon by 125.2% during the fourth quarter. Hsbc Holdings PLC now owns 41,501 shares of the coupon company’s stock valued at $731,000 after buying an additional 23,072 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd grew its holdings in shares of Groupon by 24.1% during the first quarter. Lombard Odier Asset Management Europe Ltd now owns 102,118 shares of the coupon company’s stock valued at $1,215,000 after buying an additional 19,860 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

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.