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Analysts at Jefferies Group lowered their price objective on shares of Groupon (NASDAQ:GRPN) from $8.00 to $7.00 in a research report issued to clients and investors on Wednesday. Jefferies Group’s price objective suggests a potential downside of 0.98% from the company’s current price.

Groupon (NASDAQ:GRPN) traded down 16.25% during mid-day trading on Wednesday, hitting $5.92. 39,215,036 shares of the company’s stock traded hands. Groupon has a 1-year low of $5.18 and a 1-year high of $12.76. The stock’s 50-day moving average is $6.4 and its 200-day moving average is $7.52. The company’s market cap is $4.039 billion.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.01. The company had revenue of $751.60 million for the quarter, compared to the consensus estimate of $762.07 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 23.5% on a year-over-year basis. Analysts expect that Groupon will post $0.10 EPS for the current fiscal year.

A number of other firms have also recently commented on GRPN. Analysts at B. Riley cut their price target on shares of Groupon from $9.50 to $8.50 in a research note on Wednesday. Separately, analysts at Northland Securities cut their price target on shares of Groupon from $7.00 to $6.00 in a research note on Wednesday. They now have an “in-line” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Groupon from $6.00 to $5.00 in a research note on Wednesday. They now have an “underperform” rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. Groupon currently has an average rating of “Hold” and an average target price of $8.90.

Groupon, Inc (NASDAQ:GRPN) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount.

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