Quantinno Capital Management LP Buys New Shares in Groupon, Inc. $GRPN

Quantinno Capital Management LP purchased a new stake in shares of Groupon, Inc. (NASDAQ:GRPN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 36,969 shares of the coupon company’s stock, valued at approximately $440,000. Quantinno Capital Management LP owned 0.10% of Groupon as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Groupon during the 3rd quarter valued at about $32,000. Quarry LP grew its stake in shares of Groupon by 48.1% during the 3rd 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. Johnson Financial Group Inc. purchased a new stake in Groupon in the 4th quarter worth approximately $35,000. Raymond James Financial Inc. purchased a new stake in Groupon in the 2nd quarter worth approximately $69,000. Finally, Tower Research Capital LLC TRC raised its stake in Groupon by 386.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,547 shares of the coupon company’s stock worth $85,000 after acquiring an additional 2,023 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Groupon Price Performance

Groupon stock opened at $19.59 on Friday. Groupon, Inc. has a 1 year low of $9.17 and a 1 year high of $29.90. The firm’s 50 day moving average price is $23.67 and its 200-day moving average price is $17.47. The stock has a market cap of $796.63 million, a P/E ratio of -6.30 and a beta of 0.23.

Groupon (NASDAQ:GRPN) last issued its earnings results on Thursday, August 6th. The coupon company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The company had revenue of $124.67 million for the quarter, compared to the consensus estimate of $127.09 million. As a group, equities analysts expect that Groupon, Inc. will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

GRPN has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Groupon in a report on Tuesday, June 9th. Wall Street Zen upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. The Goldman Sachs Group restated a “sell” rating and set a $22.00 target price on shares of Groupon in a research note on Monday, August 10th. Citigroup reaffirmed an “outperform” rating on shares of Groupon in a report on Tuesday, June 9th. Finally, Northland Securities set a $30.00 price target on Groupon in a research note on Monday. One research analyst has 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 a consensus rating of “Reduce” and a consensus target price of $26.00.

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.