Hennessy Advisors Inc. Reduces Holdings in Groupon, Inc. $GRPN

by · The Cerbat Gem

Hennessy Advisors Inc. decreased its position in shares of Groupon, Inc. (NASDAQ:GRPN – Free Report) by 7.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 457,800 shares of the coupon company’s stock after selling 36,200 shares during the period. Hennessy Advisors Inc. owned approximately 1.13% of Groupon worth $10,690,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GRPN. Range Financial Group LLC grew its holdings in Groupon by 12.2% during the 3rd quarter. Range Financial Group LLC now owns 42,357 shares of the coupon company’s stock valued at $989,000 after purchasing an additional 4,593 shares during the last quarter. CWM LLC boosted its position in shares of Groupon by 85.2% during the third quarter. CWM LLC now owns 1,858 shares of the coupon company’s stock valued at $43,000 after buying an additional 855 shares during the period. Pacer Advisors Inc. purchased a new position in shares of Groupon during the third quarter valued at approximately $2,973,000. Inspire Investing LLC grew its stake in shares of Groupon by 67.9% during the third quarter. Inspire Investing LLC now owns 19,705 shares of the coupon company’s stock valued at $460,000 after buying an additional 7,967 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. raised its holdings in shares of Groupon by 66.5% in the third quarter. Generali Investments CEE investicni spolecnost a.s. now owns 213,193 shares of the coupon company’s stock worth $4,978,000 after buying an additional 85,172 shares during the period. Institutional investors own 90.05% of the company’s stock.

Groupon Stock Down 1.3%

Shares of NASDAQ:GRPN opened at $17.61 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 4.16. The business’s 50 day moving average is $17.91 and its 200 day moving average is $24.72. The stock has a market cap of $717.78 million, a P/E ratio of -5.05 and a beta of 0.08. Groupon, Inc. has a 52-week low of $9.21 and a 52-week high of $43.08.

Groupon (NASDAQ:GRPN – Get Free Report) last issued its earnings results on Thursday, November 6th. The coupon company reported ($2.92) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($2.93). The firm had revenue of $122.83 million during the quarter, compared to analysts’ expectations of $121.99 million. Groupon had a negative return on equity of 717.37% and a negative net margin of 28.52%. Sell-side analysts predict that Groupon, Inc. will post -0.31 EPS for the current year.

Wall Street Analyst Weigh In

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

Get Our Latest Research Report on Groupon

About Groupon

(Free Report)

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.

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