Groupon (NASDAQ:GRPN) Shares Down 7.8% – Time to Sell?

Groupon, Inc. (NASDAQ:GRPN) fell 7.8% on Monday . The stock traded as low as $16.45 and last traded at $16.3850. 335,531 shares traded hands 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.

Analyst Ratings Changes

Several brokerages have weighed in on GRPN. Wall Street Zen downgraded Groupon from a “hold” rating to a “sell” rating in a report on Saturday. The Goldman Sachs Group lowered their price target on Groupon from $17.00 to $10.00 and set a “sell” rating for the company in a report on Thursday, March 12th. 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $33.67.

Groupon Price Performance

The stock has a market cap of $637.49 million, a price-to-earnings ratio of -6.43 and a beta of 0.11. The stock has a fifty day moving average of $12.55 and a 200 day moving average of $15.22.

Groupon (NASDAQ:GRPN) last released its earnings results on Thursday, May 7th. The coupon company reported ($0.32) 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 firm had revenue of $117.20 million for the quarter, compared to analyst estimates of $117.65 million. As a group, equities analysts expect that Groupon, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Groupon

Institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Groupon during the third quarter worth about $32,000. CWM LLC lifted its holdings in Groupon by 85.2% in the third quarter. CWM LLC now owns 1,858 shares of the coupon company’s stock valued at $43,000 after acquiring an additional 855 shares during the period. Quarry LP lifted its holdings in Groupon by 48.1% in the third quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock valued at $45,000 after acquiring an additional 629 shares during the period. Johnson Financial Group Inc. acquired a new position in Groupon in the fourth quarter valued at approximately $35,000. Finally, Raymond James Financial Inc. acquired a new position in Groupon in the second quarter valued at approximately $69,000. Institutional investors and hedge funds 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.