89,800 Shares in Groupon Inc Common Stock (GRPN) Acquired by NumerixS Investment Technologies Inc

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NumerixS Investment Technologies Inc purchased a new position in shares of Groupon Inc Common Stock (NASDAQ:GRPN) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 89,800 shares of the coupon company’s stock, valued at approximately $375,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new stake in shares of Groupon Inc Common Stock in the 2nd quarter valued at about $268,000. Dimensional Fund Advisors LP increased its stake in shares of Groupon Inc Common Stock by 19.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,404,098 shares of the coupon company’s stock valued at $27,536,000 after acquiring an additional 1,064,430 shares during the last quarter. BlackRock Inc. increased its stake in shares of Groupon Inc Common Stock by 29.9% in the 2nd quarter. BlackRock Inc. now owns 29,790,452 shares of the coupon company’s stock valued at $128,101,000 after acquiring an additional 6,856,566 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of Groupon Inc Common Stock by 1,202.1% in the 2nd quarter. GSA Capital Partners LLP now owns 255,854 shares of the coupon company’s stock valued at $1,100,000 after acquiring an additional 236,204 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Groupon Inc Common Stock by 7.7% in the 2nd quarter. Swiss National Bank now owns 782,066 shares of the coupon company’s stock valued at $3,363,000 after acquiring an additional 55,800 shares during the last quarter. Institutional investors and hedge funds own 66.82% of the company’s stock.

A number of analysts have recently commented on GRPN shares. UBS Group raised Groupon Inc Common Stock from a “sell” rating to a “neutral” rating and upped their price target for the company from $2.90 to $5.99 in a research note on Thursday, May 10th. ValuEngine raised Groupon Inc Common Stock from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. Barclays reissued a “sell” rating and set a $4.75 target price on shares of Groupon Inc Common Stock in a research note on Friday, May 11th. BidaskClub cut Groupon Inc Common Stock from a “buy” rating to a “hold” rating in a research note on Wednesday, May 23rd. Finally, Morgan Stanley increased their target price on Groupon Inc Common Stock from $4.60 to $4.80 and gave the stock an “equal weight” rating in a research note on Wednesday, July 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $5.65.

In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $4.60, for a total transaction of $6,900,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 16.90% of the stock is owned by company insiders.

NASDAQ GRPN opened at $4.22 on Wednesday. Groupon Inc Common Stock has a 52-week low of $4.13 and a 52-week high of $5.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $2.43 billion, a P/E ratio of -140.67, a price-to-earnings-growth ratio of 24.40 and a beta of 1.60.

Groupon Inc Common Stock (NASDAQ:GRPN) last issued its quarterly earnings results on Friday, August 3rd. The coupon company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $617.40 million for the quarter, compared to the consensus estimate of $632.20 million. Groupon Inc Common Stock had a negative return on equity of 27.12% and a negative net margin of 1.97%. Groupon Inc Common Stock’s revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 earnings per share. sell-side analysts expect that Groupon Inc Common Stock will post 0.06 earnings per share for the current year.

Groupon Inc Common Stock declared that its Board of Directors has authorized a stock repurchase program on Wednesday, May 9th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the coupon company to purchase up to 11% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Groupon Inc Common Stock Profile

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

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Institutional Ownership by Quarter for Groupon Inc Common Stock (NASDAQ:GRPN)

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