Potomac Capital Management Inc. Buys New Holdings in Groupon, Inc. $GRPN

Potomac Capital Management Inc. bought a new stake in Groupon, Inc. (NASDAQ:GRPN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 149,500 shares of the coupon company’s stock, valued at approximately $2,633,000. Groupon comprises 2.1% of Potomac Capital Management Inc.’s investment portfolio, making the stock its 15th largest position. Potomac Capital Management Inc. owned about 0.37% of Groupon as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in Groupon in the 3rd quarter valued at about $2,263,000. Counterpoint Mutual Funds LLC raised its holdings in Groupon by 1,008.6% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 121,439 shares of the coupon company’s stock valued at $2,836,000 after acquiring an additional 110,485 shares during the period. Generali Investments CEE investicni spolecnost a.s. raised its holdings in Groupon by 147.7% in the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 528,089 shares of the coupon company’s stock valued at $9,300,000 after acquiring an additional 314,896 shares during the period. SG Americas Securities LLC raised its holdings in Groupon by 764.9% in the 4th quarter. SG Americas Securities LLC now owns 197,546 shares of the coupon company’s stock valued at $3,479,000 after acquiring an additional 174,705 shares during the period. Finally, Tyro Capital Management LLC raised its holdings in Groupon by 6.8% in the 3rd quarter. Tyro Capital Management LLC now owns 1,091,095 shares of the coupon company’s stock valued at $25,477,000 after acquiring an additional 69,378 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citigroup reissued an “outperform” rating on shares of Groupon in a report on Tuesday. The Goldman Sachs Group reissued a “sell” rating and issued a $13.00 price target (up from $10.00) on shares of Groupon in a report on Tuesday, May 12th. Wall Street Zen cut shares of Groupon from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Northland Securities set a $26.00 price target on shares of Groupon in a report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Groupon has an average rating of “Hold” and a consensus price target of $28.67.

Groupon Stock Up 2.7%

Groupon stock opened at $16.61 on Wednesday. Groupon, Inc. has a twelve month low of $9.17 and a twelve month high of $43.08. The company’s 50-day moving average price is $15.68 and its two-hundred day moving average price is $15.01. The stock has a market cap of $630.85 million, a P/E ratio of -6.36 and a beta of 0.25.

Groupon (NASDAQ:GRPN) last announced its earnings results on Thursday, May 7th. The coupon company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.30). Groupon had a negative return on equity of 717.37% and a negative net margin of 20.78%.The business had revenue of $117.20 million for the quarter, compared to the consensus estimate of $117.65 million. Equities analysts anticipate that Groupon, Inc. will post -0.13 earnings per share 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.