Cubist Systematic Strategies LLC Makes New $1.80 Million Investment in Groupon, Inc. $GRPN

Cubist Systematic Strategies LLC purchased a new stake in Groupon, Inc. (NASDAQ:GRPN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 95,916 shares of the coupon company's stock, valued at approximately $1,800,000. Cubist Systematic Strategies LLC owned approximately 0.24% of Groupon as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the business. Continental General Insurance Co. bought a new stake in shares of Groupon in the 1st quarter valued at about $42,847,000. FORA Capital LLC bought a new stake in shares of Groupon in the 1st quarter valued at about $409,000. AlphaQuest LLC raised its holdings in shares of Groupon by 383.5% in the 1st quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company's stock valued at $70,000 after purchasing an additional 2,949 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Groupon by 41.2% in the 1st quarter. American Century Companies Inc. now owns 31,896 shares of the coupon company's stock valued at $599,000 after purchasing an additional 9,300 shares in the last quarter. Finally, Informed Momentum Co LLC bought a new stake in shares of Groupon in the 1st quarter valued at about $4,148,000. Institutional investors own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GRPN shares. Wall Street Zen lowered shares of Groupon from a "strong-buy" rating to a "buy" rating in a report on Friday, September 5th. Roth Capital boosted their price objective on shares of Groupon from $33.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. UBS Group began coverage on shares of Groupon in a research note on Thursday, August 7th. They set a "mixed" rating for the company. Finally, Northland Securities boosted their price objective on shares of Groupon from $39.00 to $44.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Groupon presently has an average rating of "Moderate Buy" and an average target price of $29.80.

Groupon Stock Performance

NASDAQ:GRPN traded down $0.68 during trading hours on Friday, hitting $22.83. 1,088,607 shares of the company were exchanged, compared to its average volume of 1,268,221. The stock has a market capitalization of $923.02 million, a price-to-earnings ratio of -95.12 and a beta of 0.68. Groupon, Inc. has a 52-week low of $7.75 and a 52-week high of $43.08. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.96 and a quick ratio of 0.96. The company's 50 day moving average price is $29.81 and its 200-day moving average price is $25.32.

Groupon (NASDAQ:GRPN - Get Free Report) last released its earnings results on Wednesday, August 6th. The coupon company reported $0.46 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.48. The company had revenue of $125.70 million for the quarter, compared to the consensus estimate of $122.46 million. Groupon had a negative net margin of 1.89% and a negative return on equity of 19.61%. As a group, research analysts forecast that Groupon, Inc. will post -0.31 earnings per share for the current year.

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.