Hennessy Advisors Inc. Decreases Stock Position in Groupon, Inc. (NASDAQ:GRPN)

Hennessy Advisors Inc. decreased its holdings in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) by 10.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 768,100 shares of the coupon company's stock after selling 87,800 shares during the quarter. Hennessy Advisors Inc. owned about 1.93% of Groupon worth $14,417,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. GAMMA Investing LLC increased its holdings in shares of Groupon by 48,700.0% in the 1st 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. California State Teachers Retirement System increased its position in Groupon by 6.8% during the 4th quarter. California State Teachers Retirement System now owns 23,897 shares of the coupon company's stock worth $290,000 after purchasing an additional 1,526 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Groupon by 32.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,463 shares of the coupon company's stock valued at $1,075,000 after buying an additional 21,918 shares during the last quarter. Tyro Capital Management LLC bought a new position in Groupon during the fourth quarter worth $20,964,000. Finally, Prentice Capital Management LP increased its position in Groupon by 291.3% in the fourth 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. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GRPN shares. Northland Securities raised their price objective on Groupon from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Roth Capital reaffirmed a "buy" rating on shares of Groupon in a research note on Monday, June 2nd. Ascendiant Capital Markets boosted their target price on Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Wall Street Zen cut shares of Groupon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Roth Mkm increased their price objective on Groupon from $21.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.25.

Groupon Price Performance

Groupon stock traded up $0.64 during mid-day trading on Tuesday, reaching $36.04. 1,207,767 shares of the company were exchanged, compared to its average volume of 1,430,062. The firm has a market cap of $1.43 billion, a PE ratio of 70.67 and a beta of 1.04. Groupon, Inc. has a 12 month low of $7.75 and a 12 month high of $36.42. 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 company has a fifty day simple moving average of $24.37 and a 200-day simple moving average of $16.80.

Groupon (NASDAQ:GRPN - Get Free Report) last announced its quarterly 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 business had revenue of $117.19 million for the quarter, compared to analyst estimates of $115.51 million. Groupon had a return on equity of 91.94% and a net margin of 3.87%. As a group, equities research analysts expect that Groupon, Inc. will post -0.31 earnings per share for the current fiscal 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.