Quantbot Technologies LP Acquires Shares of 83,261 Groupon, Inc. (NASDAQ:GRPN)

Quantbot Technologies LP bought a new position in shares of Groupon, Inc. (NASDAQ:GRPN) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 83,261 shares of the coupon company’s stock, valued at approximately $814,000. Quantbot Technologies LP owned 0.21% of Groupon at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GRPN. Virtu Financial LLC acquired a new position in Groupon during the first quarter worth $309,000. Assenagon Asset Management S.A. raised its position in shares of Groupon by 259.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 191,514 shares of the coupon company’s stock worth $2,930,000 after purchasing an additional 138,218 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in Groupon in the 2nd quarter valued at about $10,884,000. Bank of New York Mellon Corp acquired a new stake in Groupon in the 2nd quarter worth about $1,057,000. Finally, Rhumbline Advisers boosted its holdings in Groupon by 3,380.4% in the 2nd quarter. Rhumbline Advisers now owns 31,428 shares of the coupon company’s stock worth $481,000 after buying an additional 30,525 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Groupon Price Performance

Shares of GRPN stock opened at $9.38 on Monday. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $373.04 million, a PE ratio of 18.39 and a beta of 1.77. The firm’s 50-day moving average is $10.01 and its two-hundred day moving average is $12.85. Groupon, Inc. has a 12 month low of $7.75 and a 12 month high of $19.56.

Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Tuesday, November 12th. The coupon company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.58. The firm had revenue of $114.48 million for the quarter, compared to analysts’ expectations of $119.02 million. Groupon had a return on equity of 91.94% and a net margin of 3.87%. During the same period in the prior year, the firm posted ($0.22) earnings per share. Analysts predict that Groupon, Inc. will post -0.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GRPN has been the topic of a number of research analyst reports. Northland Securities lowered their price target on Groupon from $20.00 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. The Goldman Sachs Group lowered their target price on shares of Groupon from $11.00 to $8.00 and set a “sell” rating on the stock in a research note on Thursday, November 14th. Finally, Roth Mkm reiterated a “buy” rating and issued a $26.00 target price on shares of Groupon in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

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.