Blueshift Asset Management LLC Has $545,000 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 trimmed its position in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) by 51.8% in the 1st quarter, according to 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 approximately 0.07% of Groupon worth $545,000 as of its most recent filing with the SEC.

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

Groupon Stock Performance

Shares of GRPN traded up $1.91 during mid-day trading on Monday, hitting $30.97. The stock had a trading volume of 1,101,543 shares, compared to its average volume of 1,064,204. The company has a market cap of $1.23 billion, a PE ratio of -32.60 and a beta of 1.15. Groupon, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $41.26. The company's fifty day simple moving average is $33.42 and its two-hundred day simple moving average is $22.20. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 4.23.

Groupon (NASDAQ:GRPN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The coupon company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.38. The business had revenue of $117.19 million during the quarter, compared to analyst estimates of $115.51 million. Groupon had a negative return on equity of 83.07% and a negative net margin of 8.13%. On average, equities analysts expect that Groupon, Inc. will post -0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GRPN has been the subject of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on shares of Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a research report on Monday, May 12th. Roth Mkm lifted 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 raised their target price on Groupon from $33.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Northland Securities upped their price objective on shares of Groupon from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Finally, Wall Street Zen lowered shares of Groupon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

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.