Federated Hermes Inc. Cuts Stock Position in Groupon, Inc. (NASDAQ:GRPN)

Federated Hermes Inc. lessened its position in Groupon, Inc. (NASDAQ:GRPN) by 13.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 414,702 shares of the coupon company’s stock after selling 65,799 shares during the quarter. Federated Hermes Inc. owned approximately 1.05% of Groupon worth $6,345,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System purchased a new stake in shares of Groupon in the 1st quarter valued at $151,000. EntryPoint Capital LLC acquired a new position in Groupon during the 1st quarter worth $153,000. Virtu Financial LLC acquired a new position in Groupon during the 1st quarter worth $309,000. Headlands Technologies LLC grew its stake in Groupon by 1,848.8% during the 2nd quarter. Headlands Technologies LLC now owns 22,879 shares of the coupon company’s stock worth $350,000 after purchasing an additional 21,705 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in Groupon during the 1st quarter worth $437,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Groupon Stock Up 4.6 %

Shares of NASDAQ GRPN opened at $12.40 on Wednesday. The stock has a market cap of $490.31 million, a PE ratio of -9.61 and a beta of 1.80. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 5.62. Groupon, Inc. has a 52-week low of $8.08 and a 52-week high of $19.56. The business has a 50-day moving average price of $13.77 and a 200 day moving average price of $14.00.

Groupon (NASDAQ:GRPN) last announced its earnings results on Tuesday, July 30th. The coupon company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. The firm had revenue of $124.62 million during the quarter, compared to analyst estimates of $121.70 million. During the same period last year, the company earned ($0.30) earnings per share. Equities research analysts forecast that Groupon, Inc. will post 0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Northland Capmk raised Groupon to a “strong-buy” rating in a research note on Wednesday, July 10th. Roth Mkm lowered their price objective on Groupon from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Northland Securities lowered their price objective on Groupon from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Groupon presently has an average rating of “Moderate Buy” and a consensus price target of $17.83.

Insider Activity at Groupon

In related news, Director Robert J. Bass sold 4,583 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $11.35, for a total value of $52,017.05. Following the completion of the sale, the director now directly owns 104,731 shares of the company’s stock, valued at approximately $1,188,696.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Robert J. Bass sold 4,583 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $11.35, for a total value of $52,017.05. Following the completion of the sale, the director now directly owns 104,731 shares of the company’s stock, valued at approximately $1,188,696.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jason Harinstein acquired 15,000 shares of Groupon stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $10.61 per share, with a total value of $159,150.00. Following the completion of the purchase, the director now owns 55,658 shares in the company, valued at $590,531.38. The disclosure for this purchase can be found here. Insiders own 35.70% of the company’s stock.

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.