Groupon, Inc. (NASDAQ:GRPN) Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its stake in Groupon, Inc. (NASDAQ:GRPN - Free Report) by 10.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 768,100 shares of the coupon company's stock after selling 87,800 shares during the quarter. Hennessy Advisors Inc. owned approximately 1.93% of Groupon worth $14,417,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GRPN. New York State Teachers Retirement System acquired a new position in Groupon in the 4th quarter worth about $26,000. Picton Mahoney Asset Management increased its holdings in shares of Groupon by 68.2% in the fourth quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company's stock valued at $30,000 after purchasing an additional 992 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Groupon in the fourth quarter valued at approximately $41,000. Amundi increased its stake in Groupon by 35.5% during the fourth quarter. Amundi now owns 3,838 shares of the coupon company's stock worth $47,000 after acquiring an additional 1,006 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Groupon by 48,700.0% during the first quarter. GAMMA Investing LLC now owns 5,856 shares of the coupon company's stock worth $1,100,000 after acquiring an additional 5,844 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on GRPN. Roth Mkm raised their price target on Groupon from $21.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Ascendiant Capital Markets lifted their price target on Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a report on Monday, March 17th. 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 report on Monday, May 12th. Roth Capital reiterated a "buy" rating on shares of Groupon in a research report on Monday, June 2nd. Finally, Wall Street Zen cut 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, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.25.

Groupon Stock Performance

NASDAQ GRPN traded up $1.56 on Friday, hitting $33.89. 1,709,448 shares of the company's stock were exchanged, compared to its average volume of 1,430,615. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. The firm's 50-day moving average price is $24.00 and its two-hundred day moving average price is $16.57. Groupon, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $34.33. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 66.45 and a beta of 1.04.

Groupon (NASDAQ:GRPN - Get Free Report) last released its earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.38. The company had revenue of $117.19 million for the quarter, compared to analysts' expectations of $115.51 million. Groupon had a return on equity of 91.94% and a net margin of 3.87%. On average, research analysts expect that Groupon, Inc. will post -0.31 EPS for the current 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.