Divisadero Street Capital Management LP Trims Stock Position in Groupon, Inc. $GRPN

Divisadero Street Capital Management LP trimmed its holdings in shares of Groupon, Inc. (NASDAQ:GRPN) by 39.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 813,621 shares of the coupon company’s stock after selling 526,632 shares during the quarter. Groupon makes up about 1.7% of Divisadero Street Capital Management LP’s investment portfolio, making the stock its 13th largest holding. Divisadero Street Capital Management LP owned approximately 2.01% of Groupon worth $27,216,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GRPN. USA Financial Formulas bought a new position in shares of Groupon during the 2nd quarter valued at approximately $57,000. AlphaQuest LLC lifted its holdings in Groupon by 383.5% during the first quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company’s stock valued at $70,000 after purchasing an additional 2,949 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Groupon in the second quarter worth approximately $177,000. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Groupon by 28.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,909 shares of the coupon company’s stock worth $198,000 after purchasing an additional 1,304 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of Groupon in the first quarter worth $224,000. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GRPN has been the subject of several recent analyst reports. Zacks Research downgraded shares of Groupon from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Wall Street Zen downgraded Groupon from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Northland Securities increased their target price on Groupon from $39.00 to $44.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Groupon in a research note on Monday, December 1st. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $29.80.

Groupon Price Performance

NASDAQ:GRPN opened at $17.75 on Monday. The business’s 50-day moving average is $19.61 and its 200 day moving average is $26.41. Groupon, Inc. has a 12 month low of $9.21 and a 12 month high of $43.08. The company has a market capitalization of $723.49 million, a P/E ratio of -5.09 and a beta of 0.08. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 4.16.

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

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.