GAMMA Investing LLC Raises Stock Holdings in Groupon, Inc. (NASDAQ:GRPN)

GAMMA Investing LLC boosted its holdings in Groupon, Inc. (NASDAQ:GRPN) by 48,700.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,856 shares of the coupon company’s stock after purchasing an additional 5,844 shares during the period. GAMMA Investing LLC’s holdings in Groupon were worth $1,100,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System bought a new position in shares of Groupon during the fourth quarter valued at approximately $26,000. Picton Mahoney Asset Management increased its holdings in shares of Groupon by 68.2% in the fourth quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company’s stock valued at $30,000 after buying an additional 992 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Groupon during the 4th quarter valued at $41,000. Amundi raised 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 period. Finally, JPMorgan Chase & Co. raised its stake in Groupon by 115.6% during the 4th quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company’s stock valued at $128,000 after purchasing an additional 78,423 shares during the period. 90.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GRPN has been the subject of a number of recent research reports. Northland Securities upped their price objective on shares of Groupon from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, June 3rd. The Goldman Sachs Group upped their price target on shares of Groupon from $9.00 to $15.00 and gave the company a “sell” rating in a report on Monday, May 12th. Roth Mkm upped their price target on shares of Groupon from $21.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Roth Capital restated a “buy” rating on shares of Groupon in a report on Monday, June 2nd. Finally, Ascendiant Capital Markets upped their price objective on shares of Groupon from $14.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.25.

Groupon Trading Up 4.8%

GRPN opened at $33.89 on Monday. The stock has a market capitalization of $1.35 billion, a P/E ratio of 66.45 and a beta of 1.04. Groupon, Inc. has a 12 month low of $7.75 and a 12 month high of $34.33. The firm’s fifty day simple moving average is $24.00 and its 200 day simple moving average is $16.62. 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) last issued its quarterly earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.38. The firm had revenue of $117.19 million for the quarter, compared to analyst estimates of $115.51 million. Groupon had a net margin of 3.87% and a return on equity of 91.94%. As a group, research analysts anticipate that Groupon, Inc. will post -0.31 EPS for the current fiscal year.

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.