45,158 Shares in Groupon, Inc. (NASDAQ:GRPN) Acquired by Centiva Capital LP

Centiva Capital LP bought a new stake in shares of Groupon, Inc. (NASDAQ:GRPN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 45,158 shares of the coupon company’s stock, valued at approximately $442,000. Centiva Capital LP owned approximately 0.11% of Groupon as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Hennessy Advisors Inc. bought a new stake in shares of Groupon in the second quarter valued at about $10,884,000. Assenagon Asset Management S.A. raised its stake in Groupon by 259.3% in the second quarter. Assenagon Asset Management S.A. now owns 191,514 shares of the coupon company’s stock worth $2,930,000 after buying an additional 138,218 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Groupon by 591.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 123,727 shares of the coupon company’s stock worth $1,893,000 after acquiring an additional 105,832 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Groupon in the second quarter worth about $1,463,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Groupon during the third quarter valued at about $814,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Groupon Stock Up 11.5 %

GRPN stock opened at $12.95 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66. Groupon, Inc. has a 52 week low of $7.75 and a 52 week high of $19.56. The stock has a market capitalization of $515.02 million, a PE ratio of 25.39 and a beta of 1.72. The firm has a 50 day moving average of $10.08 and a 200 day moving average of $12.62.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Tuesday, November 12th. The coupon company reported $0.33 earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.58. Groupon had a return on equity of 91.94% and a net margin of 3.87%. The business had revenue of $114.48 million for the quarter, compared to the consensus estimate of $119.02 million. During the same quarter in the previous year, the business earned ($0.22) EPS. Sell-side analysts forecast that Groupon, Inc. will post -0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GRPN. The Goldman Sachs Group cut their price objective on shares of Groupon from $11.00 to $8.00 and set a “sell” rating on the stock in a research report on Thursday, November 14th. Roth Mkm reaffirmed a “buy” rating and set a $26.00 price target on shares of Groupon in a research report on Wednesday, October 16th. Finally, Northland Securities lowered their price objective on Groupon from $20.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Groupon currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Groupon Company Profile

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. It serves customers through its mobile applications and websites.