TENOR CAPITAL MANAGEMENT Co. L.P. Sells 10,941,700 Shares of Groupon, Inc. (NASDAQ:GRPN)

TENOR CAPITAL MANAGEMENT Co. L.P. lowered its position in Groupon, Inc. (NASDAQ:GRPN - Free Report) by 99.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,300 shares of the coupon company's stock after selling 10,941,700 shares during the quarter. TENOR CAPITAL MANAGEMENT Co. L.P. owned 0.15% of Groupon worth $708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in GRPN. Prentice Capital Management LP increased its stake in Groupon by 291.3% in the fourth quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company's stock valued at $9,498,000 after purchasing an additional 581,943 shares in the last quarter. Prospect Capital Advisors LLC bought a new stake in shares of Groupon in the fourth quarter valued at $2,935,000. Northern Trust Corp raised its position in shares of Groupon by 3.3% in the fourth quarter. Northern Trust Corp now owns 232,550 shares of the coupon company's stock valued at $2,825,000 after purchasing an additional 7,341 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Groupon by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company's stock valued at $2,435,000 after buying an additional 1,449 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in Groupon in the 4th quarter valued at $2,178,000. Institutional investors own 90.05% of the company's stock.

Groupon Trading Up 0.1%

GRPN stock traded up $0.02 on Friday, reaching $26.69. The company's stock had a trading volume of 792,464 shares, compared to its average volume of 1,509,687. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93. The business has a fifty day simple moving average of $19.77 and a two-hundred day simple moving average of $14.17. The firm has a market cap of $1.06 billion, a PE ratio of 52.32 and a beta of 0.83. Groupon, Inc. has a 12-month low of $7.75 and a 12-month high of $27.87.

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, beating the consensus estimate of ($0.20) by $0.38. Groupon had a net margin of 3.87% and a return on equity of 91.94%. The company had revenue of $117.19 million for the quarter, compared to analysts' expectations of $115.51 million. As a group, research analysts forecast that Groupon, Inc. will post -0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen cut Groupon from a "strong-buy" rating to a "buy" rating in a research report on Thursday. The Goldman Sachs Group raised their price target on Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a research report on Monday, May 12th. Ascendiant Capital Markets upped their price objective on Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Finally, Roth Mkm upped their price objective on shares of Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Groupon has an average rating of "Moderate Buy" and an average target price of $18.75.

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.