Stifel Financial Corp Takes Position in Groupon, Inc. (NASDAQ:GRPN)

Stifel Financial Corp purchased a new position in Groupon, Inc. (NASDAQ:GRPN) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 20,519 shares of the coupon company’s stock, valued at approximately $201,000.

A number of other large investors also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Groupon by 112.5% in the third quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock valued at $53,000 after acquiring an additional 2,888 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Groupon by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 13,340 shares of the coupon company’s stock valued at $130,000 after purchasing an additional 7,516 shares in the last quarter. Entropy Technologies LP acquired a new stake in Groupon during the 3rd quarter worth $145,000. Jacobs Levy Equity Management Inc. acquired a new stake in Groupon during the 3rd quarter worth $174,000. Finally, Marathon Trading Investment Management LLC purchased a new stake in shares of Groupon during the third quarter worth $195,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Groupon Trading Up 1.3 %

Shares of GRPN stock opened at $12.08 on Tuesday. Groupon, Inc. has a twelve month low of $7.75 and a twelve month high of $19.56. The stock has a market cap of $480.40 million, a price-to-earnings ratio of 23.69 and a beta of 1.72. The company’s 50-day moving average price is $10.50 and its 200-day moving average price is $12.21. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.66.

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. The business had revenue of $114.48 million during the quarter, compared to analysts’ expectations of $119.02 million. Groupon had a net margin of 3.87% and a return on equity of 91.94%. During the same quarter in the prior year, the company posted ($0.22) EPS. As a group, equities analysts predict that Groupon, Inc. will post -0.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GRPN shares. Roth Mkm reissued a “buy” rating and issued a $26.00 price target on shares of Groupon in a research note on Wednesday, October 16th. Northland Securities decreased their target price on shares of Groupon from $20.00 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group dropped their price target on Groupon from $11.00 to $8.00 and set a “sell” rating for the company in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Groupon currently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Groupon 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.