Prospect Capital Advisors LLC Acquires New Shares in Groupon, Inc. (NASDAQ:GRPN)

Prospect Capital Advisors LLC acquired a new position in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 241,550 shares of the coupon company's stock, valued at approximately $2,935,000. Groupon accounts for approximately 1.7% of Prospect Capital Advisors LLC's portfolio, making the stock its 21st largest position. Prospect Capital Advisors LLC owned approximately 0.61% of Groupon as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GRPN. Blueshift Asset Management LLC acquired a new stake in Groupon in the fourth quarter valued at $732,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Groupon during the fourth quarter worth about $2,178,000. Cruiser Capital Advisors LLC purchased a new position in shares of Groupon in the 4th quarter worth about $304,000. Barclays PLC raised its holdings in shares of Groupon by 25.6% in the 4th quarter. Barclays PLC now owns 69,330 shares of the coupon company's stock worth $842,000 after purchasing an additional 14,120 shares during the period. Finally, Hennessy Advisors Inc. grew its stake in shares of Groupon by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company's stock valued at $10,399,000 after buying an additional 54,600 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Groupon Stock Down 0.2%

NASDAQ GRPN traded down $0.06 during mid-day trading on Friday, reaching $26.00. 1,191,255 shares of the company's stock traded hands, compared to its average volume of 1,400,978. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 50.98 and a beta of 0.83. The company has a fifty day simple moving average of $18.84 and a 200-day simple moving average of $13.75. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.66. Groupon, Inc. has a 1-year low of $7.75 and a 1-year high of $26.90.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GRPN shares. Roth Mkm increased 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 raised 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 raised their price objective on Groupon from $14.00 to $19.00 and gave the company a "buy" rating in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $18.75.

Groupon Company 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.