TENOR CAPITAL MANAGEMENT Co. L.P. Sells 10,941,700 Shares of Groupon, Inc. (NASDAQ:GRPN)

TENOR CAPITAL MANAGEMENT Co. L.P. decreased its position in Groupon, Inc. (NASDAQ:GRPN) by 99.5% during the fourth quarter, HoldingsChannel reports. 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.’s holdings in Groupon were worth $708,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Prentice Capital Management LP increased its position in Groupon by 291.3% during the fourth quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company’s stock worth $9,498,000 after acquiring an additional 581,943 shares during the period. Prospect Capital Advisors LLC bought a new position in Groupon during the fourth quarter worth $2,935,000. Northern Trust Corp increased its position in Groupon by 3.3% during the fourth quarter. Northern Trust Corp now owns 232,550 shares of the coupon company’s stock worth $2,825,000 after acquiring an additional 7,341 shares during the period. Charles Schwab Investment Management Inc. increased its position in Groupon by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company’s stock worth $2,435,000 after acquiring an additional 1,449 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in Groupon during the fourth quarter worth $2,178,000. Institutional investors own 90.05% of the company’s stock.

Groupon Stock Down 0.2%

GRPN opened at $26.00 on Friday. Groupon, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $26.90. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s fifty day moving average price is $18.84 and its two-hundred day moving average price is $13.75. The company has a market capitalization of $1.04 billion, a P/E ratio of 50.98 and a beta of 0.83.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.38. Groupon had a net margin of 3.87% and a return on equity of 91.94%. The firm had revenue of $117.19 million for the quarter, compared to the consensus estimate of $115.51 million. On average, analysts anticipate that Groupon, Inc. will post -0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Groupon 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.