OP Asset Management Ltd Makes New Investment in Groupon, Inc. $GRPN

OP Asset Management Ltd purchased a new position in shares of Groupon, Inc. (NASDAQ:GRPN) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 45,391 shares of the coupon company’s stock, valued at approximately $540,000. OP Asset Management Ltd owned about 0.12% of Groupon as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in Groupon in the third quarter worth $32,000. Johnson Financial Group Inc. acquired a new position in Groupon during the fourth quarter worth $35,000. Quarry LP raised its holdings in Groupon by 48.1% during the third quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock valued at $45,000 after buying an additional 629 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Groupon in the second quarter worth about $69,000. Finally, National Bank of Canada FI lifted its position in shares of Groupon by 172,400.0% in the third quarter. National Bank of Canada FI now owns 3,450 shares of the coupon company’s stock worth $81,000 after buying an additional 3,448 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

GRPN has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Groupon in a research note on Tuesday, June 9th. Wall Street Zen downgraded Groupon from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Northland Securities set a $26.00 target price on Groupon in a research report on Wednesday, May 27th. The Goldman Sachs Group reiterated a “sell” rating and set a $13.00 price target (up from $10.00) on shares of Groupon in a report on Tuesday, May 12th. Finally, Citigroup reiterated an “outperform” rating on shares of Groupon in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.50.

Groupon Stock Performance

NASDAQ GRPN opened at $24.06 on Wednesday. Groupon, Inc. has a twelve month low of $9.17 and a twelve month high of $43.08. The stock has a market capitalization of $913.80 million, a PE ratio of -9.22 and a beta of 0.25. The stock has a 50-day simple moving average of $17.58 and a 200 day simple moving average of $15.19.

Groupon (NASDAQ:GRPN) last released its earnings results on Thursday, May 7th. The coupon company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). The business had revenue of $117.20 million during the quarter, compared to analyst estimates of $117.65 million. Groupon had a negative net margin of 20.78% and a negative return on equity of 717.37%. As a group, equities research analysts forecast that Groupon, Inc. will post -0.16 EPS for the current fiscal year.

About Groupon

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.