Groupon (NASDAQ:GRPN) Stock Price Down 5.7% – Here’s What Happened

Groupon, Inc. (NASDAQ:GRPN)’s share price was down 5.7% during mid-day trading on Thursday . The stock traded as low as $12.73 and last traded at $12.72. Approximately 221,182 shares were traded during trading, a decline of 77% from the average daily volume of 961,499 shares. The stock had previously closed at $13.49.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GRPN shares. Zacks Research downgraded shares of Groupon from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Groupon in a research report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Groupon from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Groupon presently has an average rating of “Hold” and a consensus target price of $31.25.

Groupon Stock Down 5.0%

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 4.16. The firm has a market cap of $522.58 million, a P/E ratio of -3.67 and a beta of -0.01. The stock’s fifty day moving average is $15.62 and its two-hundred day moving average is $19.97.

Institutional Trading of Groupon

Several institutional investors and hedge funds have recently modified their holdings of GRPN. Caitong International Asset Management Co. Ltd bought a new stake in Groupon in the third quarter worth $32,000. Johnson Financial Group Inc. bought a new stake in shares of Groupon in the 4th quarter valued at about $35,000. CWM LLC grew its position in Groupon by 85.2% during the 3rd quarter. CWM LLC now owns 1,858 shares of the coupon company’s stock worth $43,000 after acquiring an additional 855 shares during the last quarter. Quarry LP grew its position in Groupon by 48.1% during the 3rd quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock worth $45,000 after acquiring an additional 629 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in Groupon in the 3rd quarter worth approximately $53,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Groupon Company Profile

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.