Squarepoint Ops LLC Trims Position in Groupon, Inc. $GRPN

Key Points

• Squarepoint Ops LLC cut its Groupon stake by 89% in the second quarter, selling 116,659 shares and retaining 14,489 shares valued at approximately $349,000. Institutional investors still own 90.05% of Groupon’s outstanding stock.
• Groupon reported quarterly EPS of -$0.04, beating the consensus estimate of -$0.06, while revenue of $124.67 million fell short of the $127.09 million estimate. Analysts expect a full-year loss of approximately $0.14 per share.
• Analyst sentiment remains cautious, with Groupon carrying a consensus rating of “Reduce” and a $26 target price; ratings include one Buy, one Hold, and two Sell recommendations. Shares recently opened at $21.28, compared with a 52-week range of $9.17 to $29.90.

Squarepoint Ops LLC cut its stake in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) by 89.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,489 shares of the coupon company's stock after selling 116,659 shares during the period. Squarepoint Ops LLC's holdings in Groupon were worth $349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of Groupon by 92.7% in the second quarter. Versant Capital Management Inc now owns 1,299 shares of the coupon company's stock valued at $31,000 after acquiring an additional 625 shares during the period. Royal Bank of Canada lifted its stake in Groupon by 10.6% in the 1st quarter. Royal Bank of Canada now owns 7,618 shares of the coupon company's stock worth $90,000 after purchasing an additional 731 shares in the last quarter. Headlands Technologies LLC lifted its stake in Groupon by 10.1% in the 2nd quarter. Headlands Technologies LLC now owns 15,054 shares of the coupon company's stock worth $362,000 after purchasing an additional 1,382 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Groupon by 13.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 13,129 shares of the coupon company's stock valued at $316,000 after purchasing an additional 1,553 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Groupon by 135.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,185 shares of the coupon company's stock worth $56,000 after buying an additional 1,835 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Groupon Stock Performance

Shares of Groupon stock opened at $21.28 on Wednesday. Groupon, Inc. has a 52-week low of $9.17 and a 52-week high of $29.90. The company has a fifty day moving average of $22.40 and a 200-day moving average of $18.51. The stock has a market capitalization of $865.46 million, a price-to-earnings ratio of -6.84 and a beta of 0.24.

Groupon (NASDAQ:GRPN - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The coupon company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $124.67 million during the quarter, compared to the consensus estimate of $127.09 million. On average, equities research analysts forecast that Groupon, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on GRPN shares. The Goldman Sachs Group restated a "sell" rating and set a $22.00 target price on shares of Groupon in a research report on Monday, August 10th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Groupon in a research report on Friday, September 4th. Wall Street Zen raised shares of Groupon from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Northland Securities set a $30.00 target price on shares of Groupon in a research report on Monday, August 17th. Finally, Citigroup reissued an "outperform" rating on shares of Groupon in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Groupon currently has a consensus rating of "Reduce" and a consensus target price of $26.00.

Groupon Company Profile

Groupon, Inc NASDAQ: GRPN operates a digital marketplace that connects consumers with local merchants and service providers. Through its website and mobile applications, the company offers discounted deals and promotions for restaurants, entertainment, travel, beauty and wellness, automotive services, home services, and other local experiences.

Groupon's platform is designed to help merchants attract new customers, promote available services and manage marketing offers, while giving consumers access to discounts and curated experiences in their communities.

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