SG Americas Securities LLC Grows Stock Position in Groupon, Inc. $GRPN

Key Points

• SG Americas Securities LLC increased its stake in Groupon by 764.9% in Q4, purchasing 174,705 shares to hold 197,546 shares (about 0.48% of the company) worth roughly $3.48 million.
• Groupon missed quarterly estimates with $0.17 EPS vs. $0.19 expected and $132.7M revenue vs. $137.3M expected, reporting a negative ROE (717.37%) and a -16.76% net margin, while analysts forecast -$0.31 EPS for the fiscal year.
• Goldman Sachs cut its price target on Groupon to $10 and gave a "sell" rating; overall analyst sentiment is a "Hold" with a consensus target of $33.67 (2 Buys, 1 Hold, 2 Sells).

SG Americas Securities LLC increased its stake in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) by 764.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,546 shares of the coupon company's stock after purchasing an additional 174,705 shares during the quarter. SG Americas Securities LLC owned 0.48% of Groupon worth $3,479,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Quarry LP boosted its stake in shares of Groupon by 48.1% in the 3rd quarter. Quarry LP now owns 1,938 shares of the coupon company's stock valued at $45,000 after buying an additional 629 shares during the period. CWM LLC increased its stake in shares of Groupon by 85.2% during the third quarter. CWM LLC now owns 1,858 shares of the coupon company's stock worth $43,000 after buying an additional 855 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Groupon during the third quarter worth approximately $32,000. Tower Research Capital LLC TRC raised its holdings in Groupon by 386.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,547 shares of the coupon company's stock valued at $85,000 after acquiring an additional 2,023 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Groupon in the second quarter valued at approximately $69,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Groupon Stock Performance

GRPN opened at $11.50 on Friday. Groupon, Inc. has a one year low of $9.17 and a one year high of $43.08. The company has a market cap of $468.51 million, a P/E ratio of -5.42 and a beta of -0.04. The business's 50-day simple moving average is $12.38 and its 200-day simple moving average is $16.63.

Groupon (NASDAQ:GRPN - Get Free Report) last posted its earnings results on Tuesday, March 10th. The coupon company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The business had revenue of $132.71 million for the quarter, compared to analysts' expectations of $137.34 million. Groupon had a negative return on equity of 717.37% and a negative net margin of 16.76%. As a group, analysts predict that Groupon, Inc. will post -0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on GRPN shares. The Goldman Sachs Group lowered their price target on shares of Groupon from $17.00 to $10.00 and set a "sell" rating for the company in a report on Thursday, March 12th. Weiss Ratings restated a "sell (d)" rating on shares of Groupon in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Groupon currently has an average rating of "Hold" and a consensus target price of $33.67.

Groupon Company Profile

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform's targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.

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