Groupon, Inc. (NASDAQ:GRPN – Get Free Report) shares were down 4.2% during mid-day trading on Tuesday . The stock traded as low as $16.27 and last traded at $16.40. Approximately 151,551 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,197,622 shares. The stock had previously closed at $17.12.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on GRPN shares. Northland Securities began coverage on Groupon in a research note on Wednesday, July 10th. They issued an “outperform” rating and a $22.00 price objective for the company. Roth Mkm reissued a “buy” rating and set a $28.00 target price on shares of Groupon in a research report on Thursday, July 25th. Finally, Northland Capmk raised Groupon to a “strong-buy” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.30.
Groupon Stock Performance
The firm has a market cap of $621.17 million, a price-to-earnings ratio of -12.14 and a beta of 1.83. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.48. The stock has a fifty day moving average price of $15.71 and a 200-day moving average price of $14.67.
Groupon (NASDAQ:GRPN – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The coupon company reported $0.01 earnings per share for the quarter, beating 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 last year, the firm earned ($0.70) earnings per share. On average, analysts expect that Groupon, Inc. will post 0.02 earnings per share for the current fiscal year.
Institutional Trading of Groupon
A number of institutional investors have recently bought and sold shares of GRPN. Bank of New York Mellon Corp acquired a new position in shares of Groupon in the second quarter worth $1,057,000. Hennessy Advisors Inc. acquired a new position in shares of Groupon in the second quarter worth $10,884,000. Assenagon Asset Management S.A. raised its holdings in shares of Groupon by 259.3% in the second quarter. Assenagon Asset Management S.A. now owns 191,514 shares of the coupon company’s stock worth $2,930,000 after acquiring an additional 138,218 shares during the last quarter. Virtu Financial LLC acquired a new position in Groupon in the first quarter valued at $309,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Groupon in the first quarter valued at $575,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.
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.