Inspire Investing LLC Reduces Stock Holdings in Groupon, Inc. (NASDAQ:GRPN)

Inspire Investing LLC cut its stake in shares of Groupon, Inc. (NASDAQ:GRPN) by 20.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 33,219 shares of the coupon company’s stock after selling 8,765 shares during the period. Inspire Investing LLC’s holdings in Groupon were worth $404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC raised its stake in shares of Groupon by 112.5% during the third quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock valued at $53,000 after purchasing an additional 2,888 shares during the period. MetLife Investment Management LLC grew its holdings in Groupon by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 13,340 shares of the coupon company’s stock valued at $130,000 after purchasing an additional 7,516 shares in the last quarter. Entropy Technologies LP acquired a new position in Groupon in the 3rd quarter worth $145,000. Jacobs Levy Equity Management Inc. purchased a new position in Groupon in the 3rd quarter valued at about $174,000. Finally, Marathon Trading Investment Management LLC acquired a new stake in shares of Groupon during the third quarter valued at about $195,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

GRPN has been the topic of several recent analyst reports. Northland Securities cut their price target on Groupon from $20.00 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Roth Mkm reaffirmed a “buy” rating and issued a $26.00 target price on shares of Groupon in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group decreased their price target on shares of Groupon from $11.00 to $8.00 and set a “sell” rating for the company in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Groupon presently has an average rating of “Moderate Buy” and an average price target of $17.00.

Groupon Trading Up 0.5 %

Shares of NASDAQ GRPN opened at $10.61 on Friday. The stock has a market capitalization of $421.96 million, a P/E ratio of 20.80 and a beta of 1.66. The stock’s 50 day moving average price is $11.01 and its two-hundred day moving average price is $11.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66. Groupon, Inc. has a 52-week low of $7.75 and a 52-week high of $19.56.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Tuesday, November 12th. The coupon company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.58. Groupon had a return on equity of 91.94% and a net margin of 3.87%. The firm had revenue of $114.48 million for the quarter, compared to analysts’ expectations of $119.02 million. During the same period last year, the business posted ($0.22) earnings per share. On average, analysts anticipate that Groupon, Inc. will post -0.31 earnings per share for the current fiscal year.

About Groupon

Groupon, Inc, together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants. It serves customers through its mobile applications and websites.