Groupon (NASDAQ:GRPN) Trading Down 7.5% – Time to Sell?

Groupon, Inc. (NASDAQ:GRPN) was down 7.5% during mid-day trading on Friday . The stock traded as low as $14.33 and last traded at $14.3560. Approximately 2,617,919 shares were traded during trading, an increase of 101% from the average daily volume of 1,300,988 shares. The stock had previously closed at $15.52.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Groupon from $17.00 to $10.00 and set a “sell” rating on the stock in a research note on Thursday, March 12th. Weiss Ratings restated a “sell (d)” rating on shares of Groupon in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Groupon presently has an average rating of “Hold” and an average target price of $33.67.

Groupon Stock Down 8.4%

The stock has a 50-day moving average price of $11.93 and a 200 day moving average price of $15.93. The firm has a market capitalization of $551.35 million, a price-to-earnings ratio of -6.70 and a beta of -0.04.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Tuesday, March 10th. The coupon company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Groupon had a negative return on equity of 717.37% and a negative net margin of 16.76%.The firm had revenue of $132.71 million during the quarter, compared to analysts’ expectations of $137.34 million. As a group, equities analysts forecast that Groupon, Inc. will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of Groupon

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in shares of Groupon by 552.5% in the 2nd quarter. Bank of America Corp DE now owns 1,136,524 shares of the coupon company’s stock valued at $38,017,000 after acquiring an additional 962,337 shares during the last quarter. Millennium Management LLC increased its stake in Groupon by 749.0% in the fourth quarter. Millennium Management LLC now owns 791,498 shares of the coupon company’s stock valued at $13,938,000 after purchasing an additional 698,270 shares during the last quarter. Vanguard Group Inc. raised its holdings in Groupon by 22.2% during the third quarter. Vanguard Group Inc. now owns 2,108,578 shares of the coupon company’s stock worth $49,235,000 after purchasing an additional 383,277 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Groupon during the 4th quarter worth approximately $5,993,000. Finally, Generali Investments CEE investicni spolecnost a.s. boosted its holdings in shares of Groupon by 147.7% in the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 528,089 shares of the coupon company’s stock valued at $9,300,000 after buying an additional 314,896 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.