Zacks Investment Management purchased a new position in Groupon Inc (NASDAQ:GRPN) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 166,678 shares of the coupon company’s stock, valued at approximately $717,000.

A number of other large investors have also recently made changes to their positions in GRPN. Element Capital Management LLC purchased a new stake in shares of Groupon in the first quarter worth approximately $110,000. Envestnet Asset Management Inc. raised its stake in shares of Groupon by 115.2% in the second quarter. Envestnet Asset Management Inc. now owns 32,063 shares of the coupon company’s stock worth $138,000 after purchasing an additional 17,167 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Groupon in the second quarter worth approximately $209,000. Gamco Investors INC. ET AL purchased a new stake in shares of Groupon in the first quarter worth approximately $223,000. Finally, Balter Liquid Alternatives LLC purchased a new stake in shares of Groupon in the second quarter worth approximately $248,000. Institutional investors and hedge funds own 66.82% of the company’s stock.

NASDAQ:GRPN opened at $3.92 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.92 and a quick ratio of 0.92. Groupon Inc has a 1 year low of $3.72 and a 1 year high of $5.99. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of -130.67, a PEG ratio of 22.86 and a beta of 1.60.

Groupon (NASDAQ:GRPN) last released its earnings results on Friday, August 3rd. The coupon company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). Groupon had a negative return on equity of 27.12% and a negative net margin of 1.97%. The firm had revenue of $617.40 million during the quarter, compared to analysts’ expectations of $632.20 million. During the same period in the prior year, the business earned $0.02 earnings per share. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. equities research analysts predict that Groupon Inc will post 0.06 EPS for the current fiscal year.

In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $3.82, for a total value of $5,730,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 16.90% of the company’s stock.

A number of brokerages recently commented on GRPN. Barclays reaffirmed a “sell” rating and set a $4.50 price target on shares of Groupon in a research report on Sunday, August 5th. BidaskClub raised Groupon from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Morgan Stanley increased their price target on Groupon from $4.60 to $4.80 and gave the company an “equal weight” rating in a research report on Wednesday, July 11th. Zacks Investment Research downgraded Groupon from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, Wedbush reaffirmed a “neutral” rating and set a $4.00 price target on shares of Groupon in a research report on Thursday, September 13th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $5.54.

Groupon Profile

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

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Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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