Range Financial Group LLC Makes New $1.26 Million Investment in Groupon, Inc. $GRPN

Key Points

• Range Financial Group LLC made a new investment of approximately $1.26 million in Groupon, acquiring 37,764 shares during the second quarter, owning 0.09% of the company.
• Equities research analysts have raised Groupon's target price, with Roth Capital increasing it from $33.00 to $47.00 and Northland Securities from $39.00 to $44.00, giving it a consensus price target of $29.80.
• Groupon reported earnings of $0.46 per share in its latest quarter, outperforming expectations, with total revenue of $125.70 million compared to the forecast of $122.46 million.

Range Financial Group LLC purchased a new stake in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 37,764 shares of the coupon company's stock, valued at approximately $1,263,000. Range Financial Group LLC owned about 0.09% of Groupon as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GRPN. Continental General Insurance Co. bought a new position in shares of Groupon in the first quarter worth about $42,847,000. Informed Momentum Co LLC bought a new position in shares of Groupon in the first quarter worth about $4,148,000. Invesco Ltd. raised its stake in shares of Groupon by 351.8% in the first quarter. Invesco Ltd. now owns 261,447 shares of the coupon company's stock worth $4,907,000 after acquiring an additional 203,585 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Groupon in the first quarter worth about $2,817,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Groupon in the first quarter worth about $1,800,000. 90.05% of the stock is owned by institutional investors.

Groupon Price Performance

Shares of GRPN traded up $0.10 during mid-day trading on Friday, reaching $22.52. The company had a trading volume of 1,887,780 shares, compared to its average volume of 1,282,868. The company's 50 day simple moving average is $28.45 and its 200 day simple moving average is $25.72. The company has a market capitalization of $910.48 million, a price-to-earnings ratio of -93.83 and a beta of 0.68. Groupon, Inc. has a 1-year low of $7.75 and a 1-year high of $43.08. The company has a debt-to-equity ratio of 4.16, a quick ratio of 0.96 and a current ratio of 0.96.

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 analysts' consensus estimates of ($0.02) by $0.48. The business had revenue of $125.70 million during the quarter, compared to analyst estimates of $122.46 million. Groupon had a negative net margin of 1.89% and a negative return on equity of 19.61%. Analysts expect that Groupon, Inc. will post -0.31 EPS for the current year.

Analyst Ratings Changes

GRPN has been the subject of a number of research analyst reports. UBS Group initiated coverage on shares of Groupon in a research note on Thursday, August 7th. They issued a "mixed" rating for the company. Northland Securities lifted their price target 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. Wall Street Zen cut shares of Groupon from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 5th. Finally, Roth Capital lifted their price target on shares of Groupon from $33.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. 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 presently has an average rating of "Moderate Buy" and a consensus target price of $29.80.

Groupon 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.