Blueshift Asset Management LLC Reduces Position in Groupon, Inc. (NASDAQ:GRPN)

Key Points

• Blueshift Asset Management LLC reduced its holdings in Groupon, Inc. by 51.8%, now owning 29,028 shares valued at approximately $545,000.
• Groupon's shares have dropped 5.8%, with a market cap of $1.16 billion, a P/E ratio of -30.59, and 90.05% of its stock owned by institutional investors.
• Following an earnings report, Groupon's performance surpassed analysts' expectations, reporting $0.18 earnings per share against a forecasted loss, indicating potential recovery momentum.

Blueshift Asset Management LLC decreased its stake in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) by 51.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,028 shares of the coupon company's stock after selling 31,200 shares during the quarter. Blueshift Asset Management LLC owned about 0.07% of Groupon worth $545,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in Groupon in the fourth quarter valued at $41,000. JPMorgan Chase & Co. raised its holdings in shares of Groupon by 115.6% in the 4th quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company's stock valued at $128,000 after buying an additional 78,423 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Groupon by 36.4% in the 4th quarter. Wells Fargo & Company MN now owns 12,519 shares of the coupon company's stock valued at $152,000 after buying an additional 3,342 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Groupon by 11.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,652 shares of the coupon company's stock valued at $179,000 after buying an additional 1,552 shares during the period. Finally, Trust Investment Advisors purchased a new stake in shares of Groupon in the 1st quarter valued at $218,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Groupon from $9.00 to $15.00 and gave the stock a "sell" rating in a research note on Monday, May 12th. Wall Street Zen cut Groupon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Roth Mkm upped their target price on Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Roth Capital upped their target price on Groupon from $33.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Finally, Northland Securities upped their target price on Groupon from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $28.00.

Groupon Stock Performance

Shares of GRPN stock traded up $0.32 during trading hours on Wednesday, reaching $30.76. 1,476,419 shares of the company's stock were exchanged, compared to its average volume of 1,451,951. The company has a market cap of $1.23 billion, a P/E ratio of -32.38 and a beta of 1.15. The company's 50 day moving average is $33.55 and its two-hundred day moving average is $22.40. Groupon, Inc. has a 1 year low of $7.75 and a 1 year high of $41.26. The company has a debt-to-equity ratio of 4.23, a current ratio of 0.89 and a quick ratio of 0.89.

Groupon (NASDAQ:GRPN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The coupon company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.38. The firm had revenue of $117.19 million during the quarter, compared to the consensus estimate of $115.51 million. Groupon had a negative return on equity of 83.07% and a negative net margin of 8.13%. Equities research analysts anticipate that Groupon, Inc. will post -0.31 EPS for the current fiscal year.

Groupon Company 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.