TENOR CAPITAL MANAGEMENT Co. L.P. Has $708,000 Stock Position in Groupon, Inc. (NASDAQ:GRPN)

TENOR CAPITAL MANAGEMENT Co. L.P. trimmed its position in Groupon, Inc. (NASDAQ:GRPN) by 99.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,300 shares of the coupon company’s stock after selling 10,941,700 shares during the quarter. TENOR CAPITAL MANAGEMENT Co. L.P. owned approximately 0.15% of Groupon worth $708,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GRPN. Prentice Capital Management LP boosted its holdings in shares of Groupon by 291.3% in the fourth quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company’s stock worth $9,498,000 after buying an additional 581,943 shares during the period. Prospect Capital Advisors LLC acquired a new stake in shares of Groupon during the fourth quarter worth approximately $2,935,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Groupon during the fourth quarter worth approximately $2,178,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Groupon during the fourth quarter worth approximately $1,192,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Groupon by 115.6% during the fourth quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company’s stock worth $128,000 after purchasing an additional 78,423 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GRPN. Roth Mkm raised their price target on shares of Groupon from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Ascendiant Capital Markets raised their price target on shares of Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Finally, The Goldman Sachs Group raised their price target on shares of Groupon from $9.00 to $15.00 and gave the stock a “sell” rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.75.

Groupon Price Performance

Shares of GRPN opened at $26.00 on Friday. The firm has a market cap of $1.04 billion, a PE ratio of 50.98 and a beta of 0.83. The firm’s 50 day moving average price is $18.84 and its 200 day moving average price is $13.75. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93. Groupon, Inc. has a twelve month low of $7.75 and a twelve month high of $26.90.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Wednesday, May 7th. The coupon company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.38. The firm had revenue of $117.19 million for the quarter, compared to analyst estimates of $115.51 million. Groupon had a net margin of 3.87% and a return on equity of 91.94%. As a group, research analysts expect that Groupon, Inc. will post -0.31 EPS for the current fiscal year.

Groupon Company Profile

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.