Divisadero Street Capital Management LP Decreases Stock Position in Groupon, Inc. $GRPN

Divisadero Street Capital Management LP cut its stake in Groupon, Inc. (NASDAQ:GRPN) by 45.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 444,965 shares of the coupon company’s stock after selling 368,656 shares during the quarter. Divisadero Street Capital Management LP’s holdings in Groupon were worth $10,390,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC bought a new position in Groupon during the third quarter valued at $347,000. Man Group plc purchased a new stake in shares of Groupon in the third quarter valued at $297,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Groupon by 27.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,246 shares of the coupon company’s stock worth $286,000 after acquiring an additional 2,616 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Groupon by 15.0% during the 3rd quarter. Two Sigma Investments LP now owns 287,581 shares of the coupon company’s stock worth $6,715,000 after purchasing an additional 37,483 shares during the period. Finally, Ossiam purchased a new position in shares of Groupon during the 3rd quarter worth about $1,840,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Groupon Stock Down 0.2%

Shares of GRPN opened at $9.64 on Monday. The firm has a market capitalization of $392.73 million, a P/E ratio of -4.55 and a beta of -0.02. Groupon, Inc. has a 12-month low of $9.17 and a 12-month high of $43.08. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 4.16. The firm has a fifty day moving average price of $13.87 and a 200-day moving average price of $17.82.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Tuesday, March 10th. The coupon company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). Groupon had a negative return on equity of 717.37% and a negative net margin of 16.76%.The company had revenue of $132.71 million during the quarter, compared to analysts’ expectations of $137.34 million. Equities research analysts expect that Groupon, Inc. will post -0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

GRPN has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Groupon in a research report on Monday, December 29th. The Goldman Sachs Group dropped their target price on Groupon from $17.00 to $10.00 and set a “sell” rating for the company in a research report on Thursday. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Groupon currently has an average rating of “Hold” and a consensus target price of $30.00.

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.