Pacer Advisors Inc. Invests $2.97 Million in Groupon, Inc. $GRPN

Pacer Advisors Inc. bought a new position in Groupon, Inc. (NASDAQ:GRPN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 127,310 shares of the coupon company’s stock, valued at approximately $2,973,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. USA Financial Formulas acquired a new position in Groupon in the second quarter worth approximately $57,000. Raymond James Financial Inc. acquired a new stake in shares of Groupon during the 2nd quarter valued at $69,000. AlphaQuest LLC boosted its stake in shares of Groupon by 383.5% during the 1st quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company’s stock worth $70,000 after acquiring an additional 2,949 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Groupon by 386.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,547 shares of the coupon company’s stock worth $85,000 after acquiring an additional 2,023 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co acquired a new position in shares of Groupon in the 2nd quarter worth $110,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Groupon Trading Up 1.4%

NASDAQ:GRPN opened at $17.84 on Wednesday. The stock has a market cap of $727.16 million, a PE ratio of -5.11 and a beta of 0.08. Groupon, Inc. has a fifty-two week low of $9.21 and a fifty-two week high of $43.08. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s 50-day moving average is $17.99 and its two-hundred day moving average is $24.77.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Groupon in a report on Monday. Zacks Research downgraded Groupon from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Finally, Wall Street Zen cut shares of Groupon from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $29.80.

Groupon Profile

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.