21,784 Shares in Groupon, Inc. $GRPN Purchased by FORA Capital LLC

Key Points

• FORA Capital LLC has acquired a new stake in Groupon, purchasing 21,784 shares valued at approximately $409,000, which represents about 0.05% of the company.
• Analysts have recently upgraded Groupon, with Wall Street Zen raising its rating to "strong-buy" and Northland Securities increasing their price target from $39.00 to $44.00.
• Groupon reported earnings of $0.46 per share for the last quarter, significantly surpassing consensus estimates, with revenues also exceeding expectations at $125.70 million.

FORA Capital LLC bought a new stake in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 21,784 shares of the coupon company's stock, valued at approximately $409,000. FORA Capital LLC owned 0.05% of Groupon as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GRPN. AlphaQuest LLC lifted its stake in shares of Groupon by 383.5% in the 1st quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company's stock worth $70,000 after acquiring an additional 2,949 shares during the period. GAMMA Investing LLC raised its holdings in shares of Groupon by 48,700.0% during the first quarter. GAMMA Investing LLC now owns 5,856 shares of the coupon company's stock valued at $1,100,000 after acquiring an additional 5,844 shares during the period. JPMorgan Chase & Co. increased its stake in 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. Trust Investment Advisors acquired a new position in Groupon in the 1st quarter valued at approximately $218,000. Finally, Wells Fargo & Company MN increased its stake in 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. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Roth Capital upped their price objective on shares of Groupon from $33.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, June 20th. The Goldman Sachs Group upped their price objective on shares of Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a research note on Monday, May 12th. UBS Group started coverage on shares of Groupon in a research note on Thursday, August 7th. They issued a "mixed" rating on the stock. Wall Street Zen upgraded shares of Groupon from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Finally, Northland Securities increased their price target 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 research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Groupon has an average rating of "Moderate Buy" and an average price target of $29.80.

Groupon Stock Performance

Groupon stock traded down $0.77 during mid-day trading on Wednesday, reaching $25.07. The company had a trading volume of 211,435 shares, compared to its average volume of 1,455,055. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.16. Groupon, Inc. has a 52 week low of $7.75 and a 52 week high of $43.08. The company has a 50 day moving average of $31.64 and a 200-day moving average of $24.82. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -104.43 and a beta of 0.68.

Groupon (NASDAQ:GRPN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The coupon company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $122.46 million. On average, sell-side analysts expect that Groupon, Inc. will post -0.31 EPS for the current fiscal 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.