Groupon (NASDAQ:GRPN) Stock Price Down 3.6%

Groupon, Inc. (NASDAQ:GRPN)’s share price was down 3.6% on Tuesday . The stock traded as low as $14.94 and last traded at $14.94. Approximately 83,685 shares were traded during trading, a decline of 93% from the average daily volume of 1,209,838 shares. The stock had previously closed at $15.49.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Roth Mkm reiterated a “buy” rating and set a $28.00 price target on shares of Groupon in a research report on Tuesday, April 16th. StockNews.com raised shares of Groupon from a “sell” rating to a “hold” rating in a report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.38.

Groupon Stock 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 50-day moving average price of $14.50 and a 200-day moving average price of $14.18.

Groupon (NASDAQ:GRPN) last released its earnings results on Thursday, May 9th. The coupon company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.19. The firm had revenue of $123.08 million for the quarter, compared to analyst estimates of $118.37 million. During the same period in the previous year, the firm earned ($0.70) earnings per share. As a group, research analysts expect that Groupon, Inc. will post 0.02 earnings per share for the current year.

Institutional Trading of Groupon

A number of large investors have recently added to or reduced their stakes in GRPN. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Groupon during the 4th quarter valued at $25,000. SG Americas Securities LLC acquired a new stake in shares of Groupon during the fourth quarter worth $113,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Groupon during the first quarter valued at $151,000. EntryPoint Capital LLC acquired a new position in shares of Groupon in the 1st quarter valued at $153,000. Finally, Raymond James & Associates purchased a new position in Groupon in the 4th quarter worth about $202,000. 90.05% of the stock is currently owned by 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.