Stifel Financial Corp Makes New Investment in Groupon, Inc. (NASDAQ:GRPN)

Stifel Financial Corp acquired a new stake in shares of Groupon, Inc. (NASDAQ:GRPN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,519 shares of the coupon company’s stock, valued at approximately $201,000. Stifel Financial Corp owned approximately 0.05% of Groupon as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prentice Capital Management LP grew its position in Groupon by 17.7% during the 3rd quarter. Prentice Capital Management LP now owns 199,751 shares of the coupon company’s stock worth $1,954,000 after purchasing an additional 30,106 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Groupon by 591.4% during the second 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 during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Groupon in the 2nd quarter valued at $1,463,000. Quantbot Technologies LP purchased a new position in Groupon in the 3rd quarter worth $814,000. Finally, GSA Capital Partners LLP lifted its position in Groupon by 84.8% during the 3rd quarter. GSA Capital Partners LLP now owns 75,110 shares of the coupon company’s stock worth $735,000 after acquiring an additional 34,456 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GRPN shares. The Goldman Sachs Group cut their price objective on Groupon from $11.00 to $8.00 and set a “sell” rating on the stock in a report on Thursday, November 14th. Roth Mkm reissued a “buy” rating and set a $26.00 price target on shares of Groupon in a research report on Wednesday, October 16th. Finally, Northland Securities decreased their price objective on shares of Groupon from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Groupon Stock Up 1.3 %

Shares of GRPN opened at $12.08 on Tuesday. The company has a market capitalization of $480.40 million, a price-to-earnings ratio of 23.69 and a beta of 1.72. Groupon, Inc. has a 52 week low of $7.75 and a 52 week high of $19.56. The stock’s 50-day moving average price is $10.50 and its 200-day moving average price is $12.21. 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 (NASDAQ:GRPN) last released its quarterly earnings data on Tuesday, November 12th. The coupon company reported $0.33 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 business had revenue of $114.48 million for the quarter, compared to analyst estimates of $119.02 million. During the same quarter in the prior year, the firm posted ($0.22) EPS. On average, sell-side analysts predict that Groupon, Inc. will post -0.31 EPS for the current 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.