Groupon (NASDAQ:GRPN) Stock Price Down 4.2%

Groupon, Inc. (NASDAQ:GRPN) shares dropped 4.2% on Tuesday . The company 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

GRPN has been the topic of a number of research analyst reports. Northland Securities initiated coverage on shares of Groupon in a report on Wednesday, July 10th. They issued an “outperform” rating and a $22.00 price target on the stock. Roth Mkm reiterated a “buy” rating and issued a $28.00 price target on shares of Groupon in a report on Thursday, July 25th. Finally, Northland Capmk upgraded shares of Groupon to a “strong-buy” rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Groupon currently has a consensus rating of “Hold” and a consensus price target of $14.30.

Groupon Price Performance

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 firm has a market cap of $619.20 million, a price-to-earnings ratio of -12.57 and a beta of 1.83. The company’s fifty day moving average is $15.71 and its two-hundred day moving average is $14.67.

Groupon (NASDAQ:GRPN) last posted its earnings results on Thursday, May 9th. The coupon company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.19. The business had revenue of $123.08 million for the quarter, compared to analyst estimates of $118.37 million. During the same quarter in the previous year, the firm posted ($0.70) EPS. Equities research analysts forecast that Groupon, Inc. will post 0.02 EPS for the current year.

Hedge Funds Weigh In On Groupon

A number of institutional investors have recently added to or reduced their stakes in GRPN. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Groupon in the 4th quarter worth $25,000. SG Americas Securities LLC acquired a new position in Groupon in the 4th quarter worth $113,000. State Board of Administration of Florida Retirement System acquired a new position in Groupon in the 1st quarter worth $151,000. EntryPoint Capital LLC acquired a new position in Groupon in the 1st quarter worth $153,000. Finally, Raymond James & Associates bought a new stake in shares of Groupon in the 4th quarter worth about $202,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Groupon Company Profile

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.