OP Asset Management Ltd Makes New $540,000 Investment in Groupon, Inc. $GRPN

OP Asset Management Ltd acquired a new position in shares of Groupon, Inc. (NASDAQ:GRPN) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 45,391 shares of the coupon company’s stock, valued at approximately $540,000.

Other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Groupon in the third quarter valued at about $32,000. Johnson Financial Group Inc. acquired a new stake in Groupon during the fourth quarter worth about $35,000. Quarry LP increased its stake in Groupon by 48.1% during the third quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock valued at $45,000 after acquiring an additional 629 shares during the period. Raymond James Financial Inc. bought a new position in Groupon during the second quarter valued at about $69,000. Finally, National Bank of Canada FI raised its holdings in Groupon by 172,400.0% in the 3rd quarter. National Bank of Canada FI now owns 3,450 shares of the coupon company’s stock valued at $81,000 after acquiring an additional 3,448 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Groupon Stock Performance

GRPN opened at $24.06 on Wednesday. The firm’s 50-day simple moving average is $17.58 and its 200-day simple moving average is $15.19. Groupon, Inc. has a twelve month low of $9.17 and a twelve month high of $43.08. The firm has a market cap of $913.80 million, a price-to-earnings ratio of -9.22 and a beta of 0.25.

Groupon (NASDAQ:GRPN) last announced its earnings results on Thursday, May 7th. The coupon company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). Groupon had a negative return on equity of 717.37% and a negative net margin of 20.78%.The firm had revenue of $117.20 million for the quarter, compared to analyst estimates of $117.65 million. As a group, sell-side analysts anticipate that Groupon, Inc. will post -0.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on GRPN. The Goldman Sachs Group reiterated a “sell” rating and issued a $13.00 price objective (up from $10.00) on shares of Groupon in a research report on Tuesday, May 12th. Citigroup restated an “outperform” rating on shares of Groupon in a research report on Tuesday, June 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Groupon in a research note on Tuesday, June 9th. Northland Securities set a $26.00 target price on Groupon in a research report on Wednesday, May 27th. Finally, Wall Street Zen downgraded shares of Groupon from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $19.50.

Groupon Company 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.