Potomac Capital Management Inc. Invests $2.63 Million in Groupon, Inc. $GRPN

Potomac Capital Management Inc. bought a new position in shares of Groupon, Inc. (NASDAQ:GRPN) during the 4th quarter, Holdings Channel.com reports. The fund bought 149,500 shares of the coupon company’s stock, valued at approximately $2,633,000. Groupon accounts for 2.1% of Potomac Capital Management Inc.’s investment portfolio, making the stock its 15th largest holding.

Several other hedge funds also recently made changes to their positions in GRPN. Caitong International Asset Management Co. Ltd bought a new position in shares of Groupon during the third quarter worth approximately $32,000. Quarry LP increased its holdings in shares of Groupon by 48.1% during the third quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock worth $45,000 after purchasing an additional 629 shares during the period. Raymond James Financial Inc. bought a new position in shares of Groupon during the second quarter worth approximately $69,000. National Bank of Canada FI boosted its position in shares of Groupon by 172,400.0% during the 3rd quarter. National Bank of Canada FI now owns 3,450 shares of the coupon company’s stock worth $81,000 after acquiring an additional 3,448 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Groupon by 386.1% during 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 in the last quarter. 90.05% of the stock is owned by institutional investors.

Groupon Price Performance

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

Groupon (NASDAQ:GRPN) last issued its earnings results on Thursday, May 7th. The coupon company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). Groupon had a negative net margin of 20.78% and a negative return on equity of 717.37%. The company had revenue of $117.20 million during the quarter, compared to analyst estimates of $117.65 million. On average, analysts expect that Groupon, Inc. will post -0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Groupon from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Northland Securities set a $26.00 price target on shares of Groupon in a research report on Wednesday, May 27th. Citigroup reiterated an “outperform” rating on shares of Groupon in a research report on Tuesday. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $13.00 price target (up from $10.00) on shares of Groupon in a research report on Tuesday, May 12th. Three 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, Groupon presently has a consensus rating of “Hold” and a consensus target price of $28.67.

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.