North Star Investment Management Corp. Has $123,000 Stake in Groupon, Inc. (GRPN)

North Star Investment Management Corp. continued to hold its position in shares of Groupon, Inc. (NASDAQ:GRPN) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 32,000 shares of the coupon company’s stock at the end of the second quarter. North Star Investment Management Corp.’s holdings in Groupon were worth $123,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its position in shares of Groupon by 3.6% in the first quarter. Teacher Retirement System of Texas now owns 35,185 shares of the coupon company’s stock valued at $138,000 after buying an additional 1,222 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Groupon by 6.8% in the first quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock valued at $123,000 after buying an additional 2,000 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Groupon by 1.2% in the first quarter. Global X Management Co. LLC now owns 328,421 shares of the coupon company’s stock valued at $1,291,000 after buying an additional 3,780 shares in the last quarter. Creative Planning boosted its position in shares of Groupon by 9.8% in the first quarter. Creative Planning now owns 73,837 shares of the coupon company’s stock valued at $290,000 after buying an additional 6,580 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Groupon by 29.0% in the first quarter. Oppenheimer & Co. Inc. now owns 31,538 shares of the coupon company’s stock valued at $124,000 after buying an additional 7,096 shares in the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Groupon, Inc. (NASDAQ:GRPN) traded up 4.8708% during trading on Wednesday, reaching $4.0585. The company’s stock had a trading volume of 16,873,192 shares. The company has a 50 day moving average price of $3.61 and a 200-day moving average price of $3.69. Groupon, Inc. has a 52 week low of $2.90 and a 52 week high of $5.94. The company’s market capitalization is $2.28 billion.

Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, May 3rd. The coupon company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. The firm had revenue of $673.63 million for the quarter, compared to analysts’ expectations of $721.93 million. Groupon had a negative return on equity of 22.40% and a negative net margin of 5.51%. Groupon’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) EPS. Equities research analysts anticipate that Groupon, Inc. will post $0.11 earnings per share for the current year.

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Several research analysts recently weighed in on GRPN shares. Loop Capital reiterated a “hold” rating on shares of Groupon in a research report on Wednesday, April 19th. Piper Jaffray Companies reiterated an “overweight” rating and set a $6.50 price target on shares of Groupon in a research report on Saturday, April 22nd. Morgan Stanley cut Groupon from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $3.90 to $3.50 in a research report on Monday, April 24th. Vetr lowered Groupon from a “strong-buy” rating to a “buy” rating and set a $4.26 price objective on the stock. in a report on Monday, May 1st. Finally, Maxim Group dropped their price objective on Groupon from $5.50 to $4.25 and set a “buy” rating on the stock in a report on Thursday, May 4th. Seven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $4.54.

In other Groupon news, General Counsel Dane A. Drobny sold 47,753 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $3.59, for a total transaction of $171,433.27. Following the sale, the general counsel now owns 377,721 shares in the company, valued at approximately $1,356,018.39. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James Sullivan sold 20,000 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $3.55, for a total value of $71,000.00. Following the sale, the insider now owns 339,120 shares in the company, valued at approximately $1,203,876. The disclosure for this sale can be found here. In the last quarter, insiders have sold 359,105 shares of company stock worth $1,129,243. 23.40% of the stock is owned by insiders.

About Groupon

Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).