Assenagon Asset Management S.A. Acquires New Shares in Groupon, Inc. $GRPN

Key Points

• Assenagon Asset Management S.A. acquired a new stake of 14,727 shares in Groupon, Inc., worth approximately $493,000, during the second quarter.
• Institutional investors and hedge funds collectively own 90.05% of Groupon's stock, indicating strong institutional interest in the company.
• Recent analyst ratings show a consensus of "Moderate Buy" for Groupon, with target prices ranging from $29.80 to $47.00.

Assenagon Asset Management S.A. acquired a new stake in Groupon, Inc. (NASDAQ:GRPN - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 14,727 shares of the coupon company's stock, valued at approximately $493,000.

Several other institutional investors and hedge funds have also modified their holdings of GRPN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Groupon by 32.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,463 shares of the coupon company's stock valued at $1,075,000 after purchasing an additional 21,918 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Groupon by 6.8% in the 4th quarter. California State Teachers Retirement System now owns 23,897 shares of the coupon company's stock valued at $290,000 after purchasing an additional 1,526 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Groupon by 48,700.0% in the 1st quarter. GAMMA Investing LLC now owns 5,856 shares of the coupon company's stock valued at $1,100,000 after purchasing an additional 5,844 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. lifted its stake in shares of Groupon by 10.5% in the 1st quarter. Generali Investments CEE investicni spolecnost a.s. now owns 198,062 shares of the coupon company's stock valued at $3,718,000 after purchasing an additional 18,772 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Groupon by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 74,808 shares of the coupon company's stock worth $1,404,000 after acquiring an additional 1,720 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Wall Street Analyst Weigh In

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

Groupon Stock Performance

NASDAQ:GRPN opened at $22.74 on Monday. The firm's 50-day moving average is $27.40 and its 200-day moving average is $26.31. 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 quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $919.38 million, a price-to-earnings ratio of -94.75 and a beta of 0.68.

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

Groupon Profile

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.

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