Groupon (NASDAQ:GRPN) Trading Down 6.3% – Should You Sell?

Groupon, Inc. (NASDAQ:GRPN) shares dropped 6.3% during trading on Wednesday . The company traded as low as $24.72 and last traded at $25.1690. 277,340 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,633,503 shares. The stock had previously closed at $26.85.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GRPN shares. The Goldman Sachs Group reiterated a “sell” rating and issued a $13.00 price objective (up from $10.00) on shares of Groupon in a report on Tuesday, May 12th. Wall Street Zen downgraded Groupon from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Northland Securities set a $26.00 target price on Groupon in a research note on Wednesday, May 27th. Citigroup reiterated an “outperform” rating on shares of Groupon in a research report on Tuesday, June 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Groupon in a research note on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.50.

Groupon Stock Down 3.6%

The stock has a market cap of $982.54 million, a PE ratio of -9.93 and a beta of 0.23. The company has a fifty day moving average price of $18.65 and a 200 day moving average price of $15.54.

Groupon (NASDAQ:GRPN) last issued its earnings results on Thursday, May 7th. The coupon company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The company had revenue of $117.20 million during the quarter, compared to the consensus estimate of $117.65 million. As a group, research analysts predict that Groupon, Inc. will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC bought a new stake in Groupon in the 1st quarter worth $224,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Groupon by 31.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,606 shares of the coupon company’s stock valued at $837,000 after acquiring an additional 10,588 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Groupon by 1,098.1% during the second quarter. Legal & General Group Plc now owns 26,658 shares of the coupon company’s stock worth $892,000 after purchasing an additional 24,433 shares during the period. Rhumbline Advisers grew its stake in shares of Groupon by 9.6% in the second quarter. Rhumbline Advisers now owns 36,632 shares of the coupon company’s stock worth $1,225,000 after purchasing an additional 3,219 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Groupon by 47.6% in the second quarter. American Century Companies Inc. now owns 47,073 shares of the coupon company’s stock worth $1,575,000 after purchasing an additional 15,177 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.