Pacer Advisors Inc. Invests $2.97 Million in Groupon, Inc. $GRPN

Pacer Advisors Inc. purchased a new position in Groupon, Inc. (NASDAQ:GRPN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 127,310 shares of the coupon company’s stock, valued at approximately $2,973,000. Pacer Advisors Inc. owned about 0.31% of Groupon at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new stake in Groupon in the second quarter worth $57,000. Raymond James Financial Inc. bought a new position in shares of Groupon during the second quarter worth about $69,000. AlphaQuest LLC increased its holdings in shares of Groupon by 383.5% in the 1st quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company’s stock worth $70,000 after acquiring an additional 2,949 shares during the period. Tower Research Capital LLC TRC lifted its position in Groupon by 386.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,547 shares of the coupon company’s stock valued at $85,000 after purchasing an additional 2,023 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co bought a new stake in Groupon in the 2nd quarter valued at about $110,000. 90.05% of the stock is currently owned by institutional investors.

Groupon Price Performance

NASDAQ GRPN opened at $17.84 on Wednesday. Groupon, Inc. has a 12 month low of $9.21 and a 12 month high of $43.08. The firm has a market capitalization of $727.16 million, a PE ratio of -5.11 and a beta of 0.08. The company’s 50 day simple moving average is $17.99 and its 200 day simple moving average is $24.77. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.93 and a quick ratio of 0.93.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Thursday, November 6th. The coupon company reported ($2.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($2.93). Groupon had a negative net margin of 28.52% and a negative return on equity of 717.37%. The firm had revenue of $122.83 million for the quarter, compared to the consensus estimate of $121.99 million. As a group, equities research analysts forecast that Groupon, Inc. will post -0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on GRPN shares. Weiss Ratings restated a “sell (d)” rating on shares of Groupon in a research report on Monday. Zacks Research lowered Groupon from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Finally, Wall Street Zen cut Groupon from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Four 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.80.

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.