Inspire Investing LLC Lowers Stake in Groupon, Inc. $GRPN

Inspire Investing LLC trimmed its holdings in Groupon, Inc. (NASDAQ:GRPN) by 45.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 18,148 shares of the coupon company’s stock after selling 15,071 shares during the period. Inspire Investing LLC’s holdings in Groupon were worth $341,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. California State Teachers Retirement System raised its stake in Groupon by 6.8% during the 4th quarter. California State Teachers Retirement System now owns 23,897 shares of the coupon company’s stock valued at $290,000 after acquiring an additional 1,526 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Groupon by 2.4% during the first quarter. Bank of New York Mellon Corp now owns 74,808 shares of the coupon company’s stock worth $1,404,000 after purchasing an additional 1,720 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of Groupon by 383.5% during the first quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company’s stock worth $70,000 after purchasing an additional 2,949 shares during the period. GAMMA Investing LLC grew its position in Groupon by 48,700.0% in the 1st quarter. GAMMA Investing LLC now owns 5,856 shares of the coupon company’s stock valued at $1,100,000 after buying an additional 5,844 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Groupon by 3.3% during the fourth quarter. Northern Trust Corp now owns 232,550 shares of the coupon company’s stock worth $2,825,000 after acquiring an additional 7,341 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GRPN shares. Northland Securities lifted their price objective on Groupon from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Roth Capital increased their price objective on Groupon from $33.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, June 20th. UBS Group initiated coverage on shares of Groupon in a research report on Thursday, August 7th. They set a “mixed” rating on the stock. Finally, Wall Street Zen lowered Groupon from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.80.

Groupon Trading Down 1.7%

Shares of Groupon stock opened at $21.91 on Thursday. Groupon, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $43.08. The business’s fifty day moving average is $28.93 and its two-hundred day moving average is $25.55. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.16. The firm has a market cap of $885.73 million, a PE ratio of -91.29 and a beta of 0.68.

Groupon (NASDAQ:GRPN) last released its earnings results on Wednesday, August 6th. The coupon company reported $0.46 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.48. Groupon had a negative return on equity of 19.61% and a negative net margin of 1.89%.The firm had revenue of $125.70 million during the quarter, compared to analyst estimates of $122.46 million. Analysts anticipate that Groupon, Inc. will post -0.31 earnings per share for the current 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.