Prentice Capital Management LP Has $9.50 Million Position in Groupon, Inc. (NASDAQ:GRPN)

Prentice Capital Management LP increased its holdings in Groupon, Inc. (NASDAQ:GRPN - Free Report) by 291.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 781,694 shares of the coupon company's stock after acquiring an additional 581,943 shares during the period. Groupon comprises approximately 16.4% of Prentice Capital Management LP's portfolio, making the stock its 2nd biggest holding. Prentice Capital Management LP owned about 1.97% of Groupon worth $9,498,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GRPN. Prospect Capital Advisors LLC purchased a new position in Groupon in the fourth quarter valued at about $2,935,000. BNP Paribas Financial Markets bought a new stake in shares of Groupon in the 4th quarter worth approximately $422,000. Northern Trust Corp lifted its stake in 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 last quarter. Susquehanna Fundamental Investments LLC bought a new position in Groupon during the fourth quarter valued at $1,192,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Groupon by 11.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,652 shares of the coupon company's stock valued at $179,000 after purchasing an additional 1,552 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Groupon Stock Performance

Shares of NASDAQ:GRPN traded up $0.07 during trading on Tuesday, hitting $26.55. 248,033 shares of the company were exchanged, compared to its average volume of 1,394,443. Groupon, Inc. has a 52-week low of $7.75 and a 52-week high of $26.90. The stock has a 50 day moving average of $19.09 and a 200 day moving average of $13.89. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $1.06 billion, a PE ratio of 52.07 and a beta of 0.83.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on GRPN shares. Roth Mkm boosted their target price on Groupon from $21.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. The Goldman Sachs Group boosted their price objective on Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a research note on Monday, May 12th. Finally, Ascendiant Capital Markets increased their target price on shares of Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, 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.