Manatuck Hill Partners LLC Invests $678,000 in Groupon, Inc. $GRPN

Manatuck Hill Partners LLC bought a new position in Groupon, Inc. (NASDAQ:GRPN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 38,500 shares of the coupon company’s stock, valued at approximately $678,000. Manatuck Hill Partners LLC owned about 0.09% of Groupon as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Groupon in the third quarter worth approximately $32,000. Quarry LP grew its holdings in shares of Groupon by 48.1% in 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 last quarter. Johnson Financial Group Inc. bought a new position in shares of Groupon in the fourth quarter worth approximately $35,000. Raymond James Financial Inc. bought a new position in shares of Groupon in the second quarter worth approximately $69,000. Finally, Tower Research Capital LLC TRC lifted its stake in Groupon by 386.1% in the second 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 period. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GRPN shares. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $13.00 price target (up from $10.00) on shares of Groupon in a research note on Tuesday, May 12th. Northland Securities set a $26.00 price target on Groupon in a research note on Wednesday, May 27th. Citigroup reaffirmed an “outperform” rating on shares of Groupon in a research note on Tuesday, June 9th. Wall Street Zen lowered Groupon from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Groupon in a research note on Tuesday, June 9th. Three research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $28.67.

Groupon Price Performance

Shares of NASDAQ:GRPN opened at $16.56 on Thursday. Groupon, Inc. has a 1-year low of $9.17 and a 1-year high of $43.08. The business has a fifty day moving average price of $16.32 and a 200-day moving average price of $15.03. The company has a market capitalization of $628.95 million, a PE ratio of -6.34 and a beta of 0.25.

Groupon (NASDAQ:GRPN) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $117.65 million. On average, sell-side 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.