Hennessy Advisors Inc. Purchases 54,600 Shares of Groupon, Inc. (NASDAQ:GRPN)

Hennessy Advisors Inc. raised its holdings in shares of Groupon, Inc. (NASDAQ:GRPN) by 6.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 855,900 shares of the coupon company’s stock after buying an additional 54,600 shares during the period. Hennessy Advisors Inc.’s holdings in Groupon were worth $10,399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its position in shares of Groupon by 19.2% during the third quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock worth $6,953,000 after purchasing an additional 114,400 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in Groupon by 591.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 123,727 shares of the coupon company’s stock valued at $1,893,000 after buying an additional 105,832 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in Groupon during the 2nd quarter valued at approximately $1,463,000. Quantbot Technologies LP purchased a new position in shares of Groupon in the third quarter worth $814,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Groupon during the second quarter worth $1,057,000. 90.05% of the stock is owned by institutional investors.

Groupon Stock Performance

Shares of NASDAQ:GRPN opened at $10.94 on Friday. The firm has a fifty day simple moving average of $10.91 and a two-hundred day simple moving average of $11.96. Groupon, Inc. has a 52 week low of $7.75 and a 52 week high of $19.56. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66. The stock has a market capitalization of $435.08 million, a P/E ratio of 21.45 and a beta of 1.66.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GRPN. The Goldman Sachs Group reduced their price target on shares of Groupon from $11.00 to $8.00 and set a “sell” rating on the stock in a report on Thursday, November 14th. Roth Mkm reiterated a “buy” rating and issued a $26.00 target price on shares of Groupon in a research report on Wednesday, October 16th. Finally, Northland Securities cut their price target on Groupon from $20.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

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.