Gabelli Funds LLC Grows Position in Groupon Inc (NASDAQ:GRPN)

Gabelli Funds LLC boosted its stake in Groupon Inc (NASDAQ:GRPN) by 7.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 590,000 shares of the coupon company’s stock after purchasing an additional 40,000 shares during the quarter. Gabelli Funds LLC owned about 0.10% of Groupon worth $1,569,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in Groupon in the second quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new stake in Groupon in the second quarter valued at approximately $179,000. CSat Investment Advisory L.P. purchased a new stake in Groupon in the second quarter valued at approximately $61,000. Tower Research Capital LLC TRC grew its holdings in Groupon by 1,594.3% in the second quarter. Tower Research Capital LLC TRC now owns 18,637 shares of the coupon company’s stock valued at $67,000 after purchasing an additional 17,537 shares during the period. Finally, Joseph P. Lucia & Associates LLC purchased a new stake in Groupon in the second quarter valued at approximately $71,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

GRPN has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Groupon from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. DA Davidson set a $5.00 price target on shares of Groupon and gave the company a “buy” rating in a research report on Monday, September 9th. ValuEngine cut shares of Groupon from a “hold” rating to a “sell” rating in a research report on Friday. Wedbush set a $3.50 price target on shares of Groupon and gave the company a “hold” rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. cut shares of Groupon from a “neutral” rating to an “underweight” rating and set a $3.00 price target on the stock. in a research report on Wednesday. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $3.70.

GRPN stock traded up $0.03 during midday trading on Friday, reaching $2.94. 3,133,700 shares of the company’s stock traded hands, compared to its average volume of 5,115,275. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.02 and a quick ratio of 1.02. Groupon Inc has a fifty-two week low of $2.31 and a fifty-two week high of $3.98. The business has a 50-day moving average price of $2.83 and a two-hundred day moving average price of $3.13. The company has a market capitalization of $1.70 billion, a P/E ratio of 32.67 and a beta of 1.34.

Groupon (NASDAQ:GRPN) last released its earnings results on Monday, November 4th. The coupon company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. Groupon had a negative net margin of 2.21% and a positive return on equity of 9.21%. The firm had revenue of $495.60 million during the quarter, compared to analyst estimates of $523.71 million. During the same quarter in the previous year, the firm earned $0.08 earnings per share. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, research analysts forecast that Groupon Inc will post 0.08 earnings per share for the current fiscal year.

In other Groupon news, Director Robert J. Bass bought 50,000 shares of the stock in a transaction on Friday, August 30th. The stock was purchased at an average price of $2.58 per share, for a total transaction of $129,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.50% of the stock is owned by insiders.

About Groupon

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, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.

Featured Article: Why are trading ranges significant?

Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

Receive News & Ratings for Groupon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon and related companies with MarketBeat.com's FREE daily email newsletter.