Invesco Ltd. Purchases 203,585 Shares of Groupon, Inc. $GRPN

Key Points

• Invesco Ltd. boosted its stake in Groupon by 351.8% in the first quarter, owning approximately 0.66% of the company, valued at about $4.9 million.
• Recent analyst reports have varied ratings for Groupon, with Goldman Sachs setting a price target of $15 while Roth Capital raised it to $47, reflecting differing outlooks on the stock's potential.
• For the last quarter, Groupon reported an earnings per share (EPS) of $0.46, surpassing estimates and achieving revenues of $125.7 million, exceeding consensus predictions.

Invesco Ltd. grew its position in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) by 351.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 261,447 shares of the coupon company's stock after purchasing an additional 203,585 shares during the quarter. Invesco Ltd. owned about 0.66% of Groupon worth $4,907,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tyro Capital Management LLC bought a new position in Groupon during the 4th quarter worth approximately $20,964,000. Prentice Capital Management LP grew its position in shares of Groupon by 291.3% during the 4th quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company's stock worth $9,498,000 after buying an additional 581,943 shares during the period. Prospect Capital Advisors LLC acquired a new stake in shares of Groupon during the 4th quarter worth approximately $2,935,000. Northern Trust Corp grew its position in shares of Groupon by 3.3% during the 4th quarter. Northern Trust Corp now owns 232,550 shares of the coupon company's stock worth $2,825,000 after buying an additional 7,341 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. grew its position in shares of Groupon by 10.5% during the 1st quarter. Generali Investments CEE investicni spolecnost a.s. now owns 198,062 shares of the coupon company's stock worth $3,718,000 after buying an additional 18,772 shares during the period. Institutional investors own 90.05% of the company's stock.

Groupon Stock Down 1.0%

NASDAQ:GRPN traded down $0.26 during trading hours on Tuesday, hitting $25.84. 1,001,171 shares of the company traded hands, compared to its average volume of 1,484,275. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.16. The firm's 50-day simple moving average is $31.64 and its 200-day simple moving average is $24.82. Groupon, Inc. has a one year low of $7.75 and a one year high of $43.08. The company has a market cap of $1.04 billion, a PE ratio of -107.66 and a beta of 0.68.

Groupon (NASDAQ:GRPN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The coupon company reported $0.46 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.48. Groupon had a negative return on equity of 19.61% and a negative net margin of 1.89%.The business had revenue of $125.70 million for the quarter, compared to analysts' expectations of $122.46 million. Equities analysts predict 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 several recent analyst reports. UBS Group initiated coverage on shares of Groupon in a research report on Thursday, August 7th. They set a "mixed" rating for the company. Northland Securities raised their price objective 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. The Goldman Sachs Group raised their price objective on shares of Groupon from $9.00 to $15.00 and gave the stock a "sell" rating in a research report on Monday, May 12th. Roth Capital boosted their price target 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. Finally, Wall Street Zen upgraded shares of Groupon from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $29.80.

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.