Institutional Exposure To Groupon Inc. (GRPN)

DE Stock
DE Stock

SSgA Funds Management, Inc. has recently announced that it has increased stake in Groupon Inc. (NASDAQ:GRPN) by 15.74%. After grabbing 0.62 million shares, the institutional investor is now in possession of 84053.0 shares of the Communication Services Company. The new investment brought the stake of investor firm to 2.16% having worth around $9.49 million. Moreover, ProShare Advisors LLC increased its share by 0.32 million to have a control over 0.42 million shares. And J. Goldman & Co. LP raised its holdings to 0.38 million shares by acquiring 0.38 million shares or 1.33% of the stake.

Groupon Inc. (GRPN) concluded trading on 08/27/20 at a closing price of $31.63, with 1.22 million shares of worth about $38.67 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 9.47% during that period and on Thursday the price saw a loss of about -0.78%. Currently the company’s common shares owned by public are about 28.49M shares, out of which, 22.34M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 11 analyst is covering the GRPN stock and their offered price forecasts bring an average price target of $26.59. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $36.00 and could fall to a lowest price of $17.30. Analysts also issued an outlook of 2.90 for the Groupon Inc. stock for next 12 months. The stock’s current price level is -18.95% below of average price target set by the analysts, while a dip to estimated low would result in loss of -82.83 for the stock. However, touching the estimated high of $36.00 would mean a gain of 12.14% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 67 times over the past 12 months. They bought 3,391,493 shares in 34 of the transactions. In 33 selling transactions, insiders dumped 2,706,087 shares.

First Trust Dow Jones Internet In, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Groupon Inc. First Trust Dow Jones Internet In is currently holding 1.71 million shares of worth totaling $26.24 million. The company recently came selling 3495.0 shares which brought its stake up to 5.97% of the company’s outstanding shares. Vanguard Small Cap Index Fund, after selling 0.6 million shares, have now control over 2.10% of the stake in the company. It holds 3500.0 shares of worth $9.23 million.

Groupon Inc. (NASDAQ: GRPN) started trading at $32.13, above $0.25 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $31.63, or with a loss of -0.78%. Stock saw a price change of 9.47% in past 5 days and over the past one month there was a price change of 101.59%. Year-to-date (YTD), GRPN shares are showing a performance of -33.83% which decreased to -33.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.60 but also hit the highest price of $63.20 during that period. While comparing its average daily trading volume of 2.77 million shares, we see that about 1.22 million changed hands on the day. The stock is currently trading 31.73% above its 20-day simple moving average (SMA20), while that difference is up 55.68% for SMA50 and it goes to -3.46% lower than SMA200.

SSgA Funds Management, Inc. acquired 0.62 million shares of Groupon Inc. having value of about $9.49 million. Data submitted at the U.S SEC by SSgA Funds Management, Inc. revealed that the firm now holds 84053.0 shares in the company valued at close to $2658596.39, or have control over 15.74% stake in the company. Groupon Inc. (NASDAQ: GRPN) currently have 28.49M outstanding shares and institutions hold larger chunk of about 55.80% of that. Holding of mutual funds in the company is about 28.08% while other institutional holders and individual stake holders have control over 33.03% and 0.03% of the stake respectively.

The stock has a current market capitalization of $936.56M and its 3Y-monthly beta is at 1.84. It has posted earnings per share of -$7.95 in the same period. It has Quick Ratio of 1.00 while making debt-to-equity ratio of 3.60. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GRPN, volatility over the week remained 8.80% while standing at 8.95% over the month.

Analysts are in expectations that Groupon Inc. (GRPN) stock would likely to be making an EPS of -$0.86 in the current quarter, while forecast for next quarter ESPS is $0.75 and it is $0.68 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.69 which is $0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.2 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -125.10% while it is estimated to increase by 120.50% in next year.

Analysts at 11 brokerage firms have issued recommendations for the Groupon Inc. (GRPN)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.90. Out of those 11 Wall Street analysts, 3 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 3 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by DA Davidson on June 17, 2020 offering a Buy rating for the stock and assigned a target price range of between $23 and $32 to it. Coverage by UBS stated Groupon Inc. (GRPN) stock as a Buy in their note to investors on January 17, 2020, suggesting a price target of $3.50 for the stock. On December 17, 2019, Goldman Downgrade their recommendations, while on November 06, 2019, JP Morgan Downgrade their ratings for the stock with a price target of. Stock get a Neutral rating from Goldman on February 04, 2019.


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