Informed Momentum Co LLC Invests $4.15 Million in Groupon, Inc. (NASDAQ:GRPN)

Key Points

• Informed Momentum Co LLC has acquired a new stake in Groupon, purchasing 220,986 shares valued at approximately $4,148,000, representing 0.56% of the company.
• Groupon's shares are currently trading at $31.67, with a significant 52-week high of $43.08 and a market capitalization of $1.28 billion.
• The company exceeded earnings expectations in its recent quarterly report, posting earnings of $0.46 per share, compared to the consensus estimate of ($0.02).

Informed Momentum Co LLC purchased a new stake in Groupon, Inc. (NASDAQ:GRPN - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 220,986 shares of the coupon company's stock, valued at approximately $4,148,000. Informed Momentum Co LLC owned about 0.56% of Groupon at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Groupon by 115.6% during the 4th quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company's stock worth $128,000 after buying an additional 78,423 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Groupon by 36.4% during the 4th quarter. Wells Fargo & Company MN now owns 12,519 shares of the coupon company's stock worth $152,000 after purchasing an additional 3,342 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Groupon by 11.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,652 shares of the coupon company's stock worth $179,000 after purchasing an additional 1,552 shares during the period. Trust Investment Advisors acquired a new position in shares of Groupon during the 1st quarter worth $218,000. Finally, American Century Companies Inc. grew its stake in Groupon by 90.3% in the 4th quarter. American Century Companies Inc. now owns 22,596 shares of the coupon company's stock valued at $275,000 after acquiring an additional 10,722 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Groupon Trading Down 2.9%

NASDAQ GRPN traded down $0.85 during mid-day trading on Friday, hitting $28.50. The company's stock had a trading volume of 1,202,912 shares, compared to its average volume of 1,529,284. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.96 and a quick ratio of 0.96. Groupon, Inc. has a 52-week low of $7.75 and a 52-week high of $43.08. The stock's fifty day simple moving average is $33.57 and its two-hundred day simple moving average is $23.46. The firm has a market capitalization of $1.15 billion, a P/E ratio of -118.75 and a beta of 1.15.

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 (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $122.46 million. Research analysts expect that Groupon, Inc. will post -0.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GRPN shares. Roth Capital increased 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. Northland Securities upped their target price on shares of Groupon from $39.00 to $44.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Wall Street Zen upgraded shares of Groupon from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. The Goldman Sachs Group upped their target price on shares of Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a report on Monday, May 12th. Finally, Roth Mkm upped their target price on shares of Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.