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

Shares of Groupon, Inc. (NASDAQ:GRPN) fell 7.8% during mid-day trading on Monday . The company traded as low as $16.45 and last traded at $16.3850. 335,531 shares were traded during mid-day trading, a decline of 78% from the average session volume of 1,538,779 shares. The stock had previously closed at $17.78.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. The Goldman Sachs Group reissued a “sell” rating and set a $13.00 price target (up from $10.00) on shares of Groupon in a research report on Tuesday. Wall Street Zen lowered shares of Groupon from a “hold” rating to a “sell” rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $34.67.

Groupon Trading Up 3.3%

The business’s 50-day simple moving average is $12.84 and its two-hundred day simple moving average is $15.14. The company has a market capitalization of $661.68 million, a PE ratio of -6.67 and a beta of 0.11.

Groupon (NASDAQ:GRPN) last announced its earnings results on Thursday, May 7th. The coupon company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). Groupon had a negative return on equity of 717.37% and a negative net margin of 20.78%.The business had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $117.65 million. On average, analysts forecast that Groupon, Inc. will post 0.28 EPS for the current year.

Hedge Funds Weigh In On Groupon

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new stake in Groupon in the third quarter valued at about $32,000. CWM LLC lifted its holdings in Groupon by 85.2% during the 3rd quarter. CWM LLC now owns 1,858 shares of the coupon company’s stock worth $43,000 after buying an additional 855 shares during the last quarter. Quarry LP grew its position in shares of Groupon by 48.1% in the 3rd quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock worth $45,000 after acquiring an additional 629 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Groupon in the 4th quarter valued at approximately $35,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Groupon in the 2nd quarter valued at approximately $69,000. Institutional investors own 90.05% of the company’s stock.

About Groupon

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.