Manatuck Hill Partners LLC Takes Position in Groupon, Inc. $GRPN

Manatuck Hill Partners LLC acquired a new stake in shares of Groupon, Inc. (NASDAQ:GRPN) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 38,500 shares of the coupon company’s stock, valued at approximately $678,000.

A number of other large investors have also recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in Groupon by 552.5% in the 2nd quarter. Bank of America Corp DE now owns 1,136,524 shares of the coupon company’s stock worth $38,017,000 after purchasing an additional 962,337 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Groupon by 22.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,108,578 shares of the coupon company’s stock worth $49,235,000 after purchasing an additional 383,277 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in Groupon in the 4th quarter worth approximately $5,993,000. Generali Investments CEE investicni spolecnost a.s. lifted its holdings in Groupon by 147.7% in the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 528,089 shares of the coupon company’s stock worth $9,300,000 after purchasing an additional 314,896 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in Groupon in the 2nd quarter worth approximately $6,498,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen cut Groupon from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. The Goldman Sachs Group reissued a “sell” rating and issued a $13.00 price target (up from $10.00) on shares of Groupon in a report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Groupon in a report on Tuesday, June 9th. Northland Securities set a $26.00 price target on Groupon in a report on Wednesday, May 27th. Finally, Citigroup reissued an “outperform” rating on shares of Groupon in a report on Tuesday, June 9th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Groupon presently has a consensus rating of “Hold” and a consensus target price of $28.67.

Groupon Price Performance

Shares of GRPN opened at $16.56 on Thursday. The stock has a market capitalization of $628.95 million, a price-to-earnings ratio of -6.34 and a beta of 0.25. Groupon, Inc. has a 1 year low of $9.17 and a 1 year high of $43.08. The business’s 50 day simple moving average is $16.32 and its 200-day simple moving average is $15.03.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Thursday, May 7th. The coupon company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The firm had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $117.65 million. Groupon had a negative return on equity of 717.37% and a negative net margin of 20.78%. On average, sell-side analysts expect that Groupon, Inc. will post -0.13 earnings per share for the current year.

Groupon Profile

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.