TENOR CAPITAL MANAGEMENT Co. L.P. Cuts Position in Groupon, Inc. (NASDAQ:GRPN)

TENOR CAPITAL MANAGEMENT Co. L.P. trimmed its stake in Groupon, Inc. (NASDAQ:GRPN - Free Report) by 99.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Prentice Capital Management LP lifted its holdings in shares of Groupon by 291.3% during 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 position in shares of Groupon during the fourth quarter valued at $2,935,000. BNP Paribas Financial Markets bought a new position in shares of Groupon during the fourth quarter valued at $422,000. Northern Trust Corp increased its position in Groupon by 3.3% during the fourth quarter. Northern Trust Corp now owns 232,550 shares of the coupon company's stock valued at $2,825,000 after acquiring an additional 7,341 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Groupon during the fourth quarter valued at $1,192,000. 90.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on GRPN shares. Ascendiant Capital Markets upped their price objective on Groupon from $14.00 to $19.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Roth Mkm upped their price objective on Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, The Goldman Sachs Group upped their price objective on Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.75.

Groupon Price Performance

Shares of NASDAQ:GRPN traded up $0.09 during trading on Tuesday, hitting $26.57. 697,539 shares of the company's stock were exchanged, compared to its average volume of 1,396,226. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. Groupon, Inc. has a 52-week low of $7.75 and a 52-week high of $26.90. The business's 50-day simple moving average is $19.33 and its 200 day simple moving average is $13.98. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 52.10 and a beta of 0.83.

Groupon (NASDAQ:GRPN - Get Free Report) last released its earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.38. Groupon had a return on equity of 91.94% and a net margin of 3.87%. The firm had revenue of $117.19 million during the quarter, compared to analysts' expectations of $115.51 million. As a group, equities analysts predict that Groupon, Inc. will post -0.31 EPS for the current year.

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.