Groupon, Inc. $GRPN Shares Sold by TENOR CAPITAL MANAGEMENT Co. L.P.

Key Points

• TENOR CAPITAL MANAGEMENT Co. L.P. reduced its stake in Groupon by 50% in the first quarter, now owning 29,150 shares valued at approximately $547,000.
• Several institutional investors made significant changes to their positions in Groupon, with GAMMA Investing LLC increasing its stake by an astonishing 48,700% during the same period.
• Analysts have recently upgraded Groupon's rating to "strong-buy," with a consensus rating of "Moderate Buy" and an average target price of $29.80.

TENOR CAPITAL MANAGEMENT Co. L.P. decreased its position in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) by 50.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,150 shares of the coupon company's stock after selling 29,150 shares during the quarter. TENOR CAPITAL MANAGEMENT Co. L.P. owned 0.07% of Groupon worth $547,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GRPN. AlphaQuest LLC grew its stake in shares of Groupon by 383.5% during the 1st quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company's stock worth $70,000 after purchasing an additional 2,949 shares during the period. JPMorgan Chase & Co. grew 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 acquiring an additional 78,423 shares during the period. Wells Fargo & Company MN grew 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 acquiring an additional 3,342 shares during the period. Price T Rowe Associates Inc. MD grew its stake in 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 acquiring an additional 1,552 shares during the period. Finally, Trust Investment Advisors acquired a new stake in Groupon in the 1st quarter valued at $218,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Groupon Trading Up 3.0%

Shares of GRPN stock traded up $0.71 on Friday, hitting $24.01. 2,022,840 shares of the stock traded hands, compared to its average volume of 1,304,370. The firm's 50-day moving average price is $31.00 and its two-hundred day moving average price is $24.96. 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 stock has a market capitalization of $970.72 million, a PE ratio of -100.04 and a beta of 0.68. Groupon, Inc. has a twelve month low of $7.75 and a twelve month high of $43.08.

Groupon (NASDAQ:GRPN - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $125.70 million for the quarter, compared to analysts' expectations of $122.46 million. Groupon had a negative net margin of 1.89% and a negative return on equity of 19.61%. As a group, analysts anticipate that Groupon, Inc. will post -0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GRPN shares. Wall Street Zen cut shares of Groupon from a "strong-buy" rating to a "buy" rating in a research note on Friday. Roth Capital lifted their price target on Groupon from $33.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. The Goldman Sachs Group lifted their price target on Groupon from $9.00 to $15.00 and gave the stock a "sell" rating in a research note on Monday, May 12th. Northland Securities lifted their price target on Groupon from $39.00 to $44.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Finally, UBS Group assumed coverage on shares of Groupon in a research note on Thursday, August 7th. They set a "mixed" rating on the stock. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Groupon presently has an average rating of "Moderate Buy" and a consensus 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.