Prospect Capital Advisors LLC Makes New Investment in Groupon, Inc. (NASDAQ:GRPN)

Prospect Capital Advisors LLC bought a new position in Groupon, Inc. (NASDAQ:GRPN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 241,550 shares of the coupon company's stock, valued at approximately $2,935,000. Groupon makes up 1.7% of Prospect Capital Advisors LLC's investment portfolio, making the stock its 21st largest holding. Prospect Capital Advisors LLC owned approximately 0.61% of Groupon at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GRPN. New York State Teachers Retirement System bought a new position in shares of Groupon in the fourth quarter valued at $26,000. Picton Mahoney Asset Management raised its holdings in shares of Groupon by 68.2% in the 4th quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company's stock worth $30,000 after acquiring an additional 992 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Groupon in the 4th quarter valued at about $41,000. Amundi boosted its stake in Groupon by 35.5% during the 4th quarter. Amundi now owns 3,838 shares of the coupon company's stock valued at $47,000 after purchasing an additional 1,006 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Groupon by 115.6% during the 4th quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company's stock worth $128,000 after purchasing an additional 78,423 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group raised their target price on Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a report on Monday, May 12th. 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. Finally, Roth Mkm upped their target price on shares of Groupon from $21.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. One investment 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 company. According to MarketBeat, Groupon presently has an average rating of "Moderate Buy" and an average target price of $18.75.

Groupon Stock Performance

Shares of GRPN traded up $0.06 on Tuesday, reaching $26.54. 238,158 shares of the company's stock traded hands, compared to its average volume of 1,394,396. The stock's 50 day simple moving average is $19.09 and its two-hundred day simple moving average is $13.89. The stock has a market cap of $1.06 billion, a PE ratio of 52.01 and a beta of 0.83. Groupon, Inc. has a 52-week low of $7.75 and a 52-week high of $26.90. 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 (NASDAQ:GRPN - Get Free Report) last released its earnings results on Wednesday, May 7th. The coupon company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of ($0.20) by $0.38. The company had revenue of $117.19 million for the quarter, compared to analysts' expectations of $115.51 million. Groupon had a return on equity of 91.94% and a net margin of 3.87%. On average, analysts forecast that Groupon, Inc. will post -0.31 earnings per share for the current fiscal year.

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.