Federated Hermes Inc. Has $5.05 Million Stake in Groupon, Inc. (NASDAQ:GRPN)

Federated Hermes Inc. reduced its position in shares of Groupon, Inc. (NASDAQ:GRPN) by 4.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 393,427 shares of the coupon company’s stock after selling 17,417 shares during the period. Federated Hermes Inc.’s holdings in Groupon were worth $5,052,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GRPN. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Groupon in the 4th quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Groupon by 6.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,723 shares of the coupon company’s stock worth $536,000 after acquiring an additional 2,355 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Groupon during the fourth quarter valued at $113,000. Citigroup Inc. grew its stake in Groupon by 2,630.5% in the third quarter. Citigroup Inc. now owns 14,881 shares of the coupon company’s stock valued at $228,000 after purchasing an additional 14,336 shares in the last quarter. Finally, Mizuho Markets Americas LLC increased its position in Groupon by 96.6% in the 3rd quarter. Mizuho Markets Americas LLC now owns 30,000 shares of the coupon company’s stock worth $460,000 after purchasing an additional 14,743 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Groupon Stock Up 8.2 %

Shares of GRPN stock opened at $11.47 on Friday. Groupon, Inc. has a 12 month low of $2.89 and a 12 month high of $19.56. The company has a market cap of $446.99 million, a PE ratio of -6.01 and a beta of 1.65. The business’s 50 day moving average is $14.58 and its two-hundred day moving average is $13.18.

Groupon (NASDAQ:GRPN) last posted its earnings results on Friday, March 15th. The coupon company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.51. The firm had revenue of $137.72 million during the quarter, compared to analyst estimates of $136.47 million. As a group, equities analysts expect that Groupon, Inc. will post -0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GRPN shares. Roth Mkm reiterated a “buy” rating and set a $28.00 price target on shares of Groupon in a report on Tuesday, April 16th. The Goldman Sachs Group lifted their target price on shares of Groupon from $5.00 to $7.50 and gave the company a “sell” rating in a research note on Friday, January 19th. Finally, StockNews.com upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research note on Monday, March 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.38.

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.