Quantinno Capital Management LP Makes New $440,000 Investment in Groupon, Inc. $GRPN

Quantinno Capital Management LP acquired a new position in shares of Groupon, Inc. (NASDAQ:GRPN) during the 1st quarter, Holdings Channel reports. The fund acquired 36,969 shares of the coupon company’s stock, valued at approximately $440,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Groupon by 552.5% in the second quarter. Bank of America Corp DE now owns 1,136,524 shares of the coupon company’s stock valued at $38,017,000 after purchasing an additional 962,337 shares in the last quarter. Millennium Management LLC raised its stake in Groupon by 749.0% during the fourth quarter. Millennium Management LLC now owns 791,498 shares of the coupon company’s stock valued at $13,938,000 after purchasing an additional 698,270 shares in the last quarter. Renaissance Technologies LLC lifted its position in Groupon by 464.1% during the first quarter. Renaissance Technologies LLC now owns 619,413 shares of the coupon company’s stock valued at $7,371,000 after purchasing an additional 509,600 shares during the last quarter. Vanguard Group Inc. lifted its position in Groupon by 22.2% during the third quarter. Vanguard Group Inc. now owns 2,108,578 shares of the coupon company’s stock valued at $49,235,000 after purchasing an additional 383,277 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Groupon in the 4th quarter worth $5,993,000. 90.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GRPN shares. The Goldman Sachs Group restated a “sell” rating and issued a $22.00 target price on shares of Groupon in a report on Monday, August 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Groupon in a research report on Tuesday, June 9th. Northland Securities set a $30.00 price objective on Groupon in a research note on Monday. Wall Street Zen upgraded Groupon from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Groupon in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $26.00.

Groupon Trading Down 0.1%

Groupon stock opened at $19.59 on Friday. The firm has a 50-day moving average price of $23.67 and a 200-day moving average price of $17.47. The firm has a market capitalization of $796.63 million, a PE ratio of -6.30 and a beta of 0.23. Groupon, Inc. has a 12-month low of $9.17 and a 12-month high of $29.90.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Thursday, August 6th. The coupon company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The firm had revenue of $124.67 million for the quarter, compared to analysts’ expectations of $127.09 million. As a group, sell-side analysts predict that Groupon, Inc. will post -0.14 earnings per share for the current fiscal year.

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.