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HomeBusinessGroupon: Looking For A Post-Earnings Rebound

Groupon: Looking For A Post-Earnings Rebound

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Person holding smartphone with logo of US e-commerce company Groupon Inc. SHutterstock/T. Schneider

Shares of Groupon (NASDAQ:GRPN) have been rising steadily over the past few years, but are they currently undervalued advance of the company’s Q4 report?

Together with its companies, Groupon, Inc. runs a marketplace that links customers and retailers. North America and International are its two operational divisions. In addition to first-party goods inventory, the business also sells products or services on behalf of third-party retailers. Through its websites and mobile apps, it provides customer service.

Recently, a number of additional hedge funds have modified their holdings in the business. In the second quarter, OLD Mission Capital LLC bought additional Groupon shares for about $250,000. Verus Capital Partners LLC added a new stake worth about $162,000 in Groupon shares during the second quarter.

Mizuho Markets Americas LLC raised its holdings in Groupon shares by 4.2% during the second quarter. Mizuho Markets Americas LLC now owns 127,917 shares of the coupon company’s stock valued at $1,445,000 after purchasing an additional 5,100 shares in the last quarter.

CWEB Groupon Stock Chart

During the first quarter, Ergoteles LLC added a new $276,000 position in Groupon. Raymond James & Associates invested about $273,000 in a fresh Groupon position during the first quarter. 57.11 percent of the company is held by institutional investors.

Jan Barta, a director at Groupon, purchased 6,716,966 shares of the corporation’s equity. A total of $48,899,512.48 was spent on the shares, which were bought at an average price of $7.28 per share. Following the transaction, the director now owns 6,716,966 shares of the company’s stock, valued at $48,899,512.48.

The Securities and Exchange Commission (SEC) website can be used to examine the legal document in which the purchase was disclosed. Insiders hold 15.90% of the stock of the business.

Other notable Groupon purchases include those by Morgan Stanly, Maple Rock, and Intrinsic Edge Capital. Maple Rock added 2 million shares (bringing its share count to 3 million, or 9.9%), while Morgan Stanly added 1.25 million shares (bringing its total to 1.75 million). Only 200k shares in the previous 4 months were covered by short positions on Groupon.

Etsy  is currently trading at  $133.50  and  Groupon  is trading currently at  $7.53. If you compare both companies  Groupon can easily bounce back  by end of 2023 which makes it a better investment and buy opportunity for the savvy investor.

I prefer GRPN over profits here. The value is reasonable, and even a rise to $30-$40 would leave it cheap in comparison to past prices with other retailers.

Authors of this Blog own shares: of Groupon and Apple

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Why is Groupon Going to Benefit from the Economic Rebound?

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