Vanguard Group Inc. cut its stake in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,431,642 shares of the coupon company's stock after selling 12,286 shares during the quarter. Vanguard Group Inc. owned 3.60% of Groupon worth $26,872,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. Tyro Capital Management LLC purchased a new stake in Groupon during the fourth quarter valued at about $20,964,000. Prentice Capital Management LP lifted 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 worth $9,498,000 after acquiring an additional 581,943 shares during the period. Prospect Capital Advisors LLC bought a new stake in shares of Groupon during the 4th quarter valued at $2,935,000. Northern Trust Corp raised its position in Groupon by 3.3% in the 4th quarter. Northern Trust Corp now owns 232,550 shares of the coupon company's stock worth $2,825,000 after buying an additional 7,341 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. lifted its stake in shares of Groupon by 10.5% in the 1st quarter. Generali Investments CEE investicni spolecnost a.s. now owns 198,062 shares of the coupon company's stock worth $3,718,000 after purchasing an additional 18,772 shares during the period. 90.05% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Wall Street Zen raised shares of Groupon from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Roth Capital increased their price objective on Groupon from $33.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, June 20th. The Goldman Sachs Group increased 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. Northland Securities lifted their target price on Groupon from $39.00 to $44.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Finally, UBS Group started coverage on Groupon in a report on Thursday, August 7th. They issued a "mixed" rating for the company. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Groupon has an average rating of "Moderate Buy" and a consensus price target of $29.80.
Check Out Our Latest Stock Report on GRPN
Groupon Stock Performance
Shares of Groupon stock traded down $0.29 during trading on Friday, reaching $26.10. The company's stock had a trading volume of 1,113,892 shares, compared to its average volume of 1,587,391. Groupon, Inc. has a one year low of $7.75 and a one 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. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -108.75 and a beta of 1.15. The business's fifty day moving average price is $32.06 and its 200-day moving average price is $24.64.
Groupon (NASDAQ:GRPN - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The coupon company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.48. Groupon had a negative return on equity of 19.61% and a negative net margin of 1.89%.The company had revenue of $125.70 million for the quarter, compared to the consensus estimate of $122.46 million. As a group, equities research analysts predict that Groupon, Inc. will post -0.31 earnings per share for the current year.
About Groupon
(
Free Report)
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.
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