Groupon, Inc. (NASDAQ:GRPN – Get Free Report)’s share price dropped 3.2% during trading on Wednesday . The stock traded as low as $14.48 and last traded at $14.55. 477,415 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 1,260,744 shares. The stock had previously closed at $15.03.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. StockNews.com raised Groupon from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. Roth Mkm restated a “buy” rating and issued a $28.00 price target on shares of Groupon in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.38.
Groupon Stock Down 3.6 %
The stock has a market capitalization of $572.93 million, a P/E ratio of -11.59 and a beta of 1.80. The company has a debt-to-equity ratio of 5.48, a quick ratio of 0.93 and a current ratio of 0.93. The stock’s fifty day simple moving average is $12.87 and its two-hundred day simple moving average is $13.63.
Groupon (NASDAQ:GRPN – Get Free Report) last announced its earnings results on Thursday, May 9th. The coupon company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.19. The business had revenue of $123.08 million during the quarter, compared to analysts’ expectations of $118.37 million. During the same quarter in the previous year, the firm earned ($0.70) EPS. As a group, research analysts expect that Groupon, Inc. will post -0.31 EPS for the current fiscal year.
Institutional Trading of Groupon
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in Groupon in the 1st quarter worth approximately $309,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Groupon during the first quarter valued at approximately $575,000. Wolf Hill Capital Management LP bought a new stake in shares of Groupon in the 1st quarter valued at approximately $17,897,000. EntryPoint Capital LLC bought a new stake in shares of Groupon in the 1st quarter worth about $153,000. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Groupon in the first quarter worth approximately $437,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.
About Groupon
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.