Strs Ohio Trims Stock Position in Groupon, Inc. (NASDAQ:GRPN)

Strs Ohio reduced its stake in shares of Groupon, Inc. (NASDAQ:GRPNGet Rating) by 7.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,200 shares of the coupon company’s stock after selling 3,200 shares during the quarter. Strs Ohio’s holdings in Groupon were worth $296,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in GRPN. Point72 Hong Kong Ltd purchased a new position in Groupon during the 1st quarter valued at $50,000. Quantbot Technologies LP bought a new stake in shares of Groupon during the 1st quarter valued at $55,000. Amalgamated Bank bought a new stake in shares of Groupon during the 1st quarter valued at $71,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Groupon by 723.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,482 shares of the coupon company’s stock valued at $99,000 after buying an additional 10,967 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Groupon by 15.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 17,200 shares of the coupon company’s stock valued at $137,000 after buying an additional 2,300 shares in the last quarter. 57.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Groupon

In other Groupon news, Director Jan Barta purchased 6,716,966 shares of Groupon stock in a transaction dated Tuesday, December 20th. The stock was purchased at an average price of $7.28 per share, with a total value of $48,899,512.48. Following the transaction, the director now directly owns 6,716,966 shares of the company’s stock, valued at $48,899,512.48. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 15.90% of the company’s stock.

Wall Street Analyst Weigh In

GRPN has been the topic of a number of research reports. Barclays dropped their target price on shares of Groupon from $10.00 to $6.00 and set an “underweight” rating on the stock in a report on Tuesday, November 8th. StockNews.com initiated coverage on shares of Groupon in a report on Wednesday, October 12th. They set a “sell” rating on the stock. Credit Suisse Group dropped their target price on shares of Groupon from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, November 8th. Finally, The Goldman Sachs Group dropped their price target on shares of Groupon from $10.00 to $6.50 and set a “sell” rating on the stock in a research note on Tuesday, November 8th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.10.

Groupon Stock Performance

Shares of Groupon stock opened at $7.82 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market cap of $238.02 million, a price-to-earnings ratio of -1.51 and a beta of 1.87. The firm’s 50-day moving average is $7.98 and its 200 day moving average is $9.22. Groupon, Inc. has a 1 year low of $6.22 and a 1 year high of $31.15.

Groupon (NASDAQ:GRPNGet Rating) last posted its earnings results on Monday, November 7th. The coupon company reported ($0.89) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.21) by $0.32. The business had revenue of $144.39 million for the quarter, compared to analysts’ expectations of $174.60 million. Groupon had a negative net margin of 22.68% and a negative return on equity of 48.33%. Sell-side analysts anticipate that Groupon, Inc. will post -3.29 EPS for the current fiscal year.

Groupon Company Profile

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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; and first-party goods inventory. It serves customers through its mobile applications and websites.

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Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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