Groupon (NASDAQ:GRPN) Shares Gap Down – Here’s Why

Groupon, Inc. (NASDAQ:GRPN) gapped down prior to trading on Friday . The stock had previously closed at $13.49, but opened at $12.65. Groupon shares last traded at $13.26, with a volume of 13,017 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Zacks Research downgraded Groupon from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Wall Street Zen downgraded Groupon from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Groupon in a research note on Monday, December 29th. Three equities 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.25.

Groupon Price Performance

The company has a debt-to-equity ratio of 4.16, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $532.33 million, a PE ratio of -3.74 and a beta of -0.01. The company has a 50-day moving average price of $15.48 and a 200-day moving average price of $19.73.

Hedge Funds Weigh In On Groupon

Several institutional investors and hedge funds have recently modified their holdings of GRPN. Quarry LP boosted its position in Groupon by 48.1% during the third 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. CWM LLC lifted its stake in shares of 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 purchasing an additional 855 shares during the period. Royal Bank of Canada boosted its holdings in shares of Groupon by 18.7% during the fourth quarter. Royal Bank of Canada now owns 6,887 shares of the coupon company’s stock worth $122,000 after purchasing an additional 1,085 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in shares of Groupon by 28.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,909 shares of the coupon company’s stock valued at $198,000 after purchasing an additional 1,304 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Groupon in the third quarter valued at $32,000. Hedge funds and other institutional investors 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.