Groupon Inc (GRPN) CAO Sells $114,200.00 in Stock
Groupon Inc (NASDAQ:GRPN) CAO Brian Stevens sold 20,000 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $5.71, for a total transaction of $114,200.00. Following the sale, the chief accounting officer now directly owns 222,354 shares in the company, valued at approximately $1,269,641.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Groupon Inc (GRPN) traded up $0.13 on Tuesday, hitting $5.82. 11,448,212 shares of the company were exchanged, compared to its average volume of 8,658,275. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.99. Groupon Inc has a 12 month low of $2.90 and a 12 month high of $5.99.
Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The company had revenue of $634.46 million for the quarter, compared to analyst estimates of $642.62 million. During the same quarter in the prior year, the business posted ($0.01) EPS. The firm’s revenue was down 7.6% compared to the same quarter last year. equities analysts forecast that Groupon Inc will post -0.02 EPS for the current fiscal year.
A number of brokerages have commented on GRPN. Vetr cut shares of Groupon from a “buy” rating to a “hold” rating and set a $5.74 price target on the stock. in a research report on Tuesday, November 21st. Piper Jaffray Companies reissued a “buy” rating and set a $6.25 price objective on shares of Groupon in a research report on Monday, November 20th. Zacks Investment Research raised shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective on the stock in a research report on Monday, November 6th. TheStreet raised shares of Groupon from a “d” rating to a “c-” rating in a research report on Thursday, November 2nd. Finally, Barclays increased their price objective on shares of Groupon from $3.85 to $4.40 and gave the stock an “underweight” rating in a research report on Thursday, November 2nd. Six analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $4.97.
Several institutional investors and hedge funds have recently bought and sold shares of GRPN. New York State Teachers Retirement System purchased a new stake in Groupon in the 3rd quarter valued at about $122,000. Aperio Group LLC increased its stake in Groupon by 4.6% in the 2nd quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock valued at $111,000 after buying an additional 1,268 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Groupon in the 2nd quarter valued at about $116,000. Prudential Financial Inc. increased its stake in Groupon by 157.7% in the 2nd quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock valued at $122,000 after buying an additional 19,408 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new stake in Groupon in the 2nd quarter valued at about $122,000. Institutional investors own 60.05% of the company’s stock.
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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).
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