Insider Selling: Groupon, Inc. (GRPN) Director Sells 562,719 Shares of Stock
Groupon, Inc. (NASDAQ:GRPN) Director Peter J. Barris sold 562,719 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $3.96, for a total value of $2,228,367.24. Following the transaction, the director now owns 168,887 shares in the company, valued at approximately $668,792.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Groupon, Inc. (GRPN) traded up 1.01% on Thursday, hitting $4.00. The company’s stock had a trading volume of 8,052,632 shares. Groupon, Inc. has a 52 week low of $2.90 and a 52 week high of $5.93. The firm’s market cap is $2.22 billion. The stock’s 50-day moving average price is $3.78 and its 200-day moving average price is $3.71.
Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, August 2nd. The coupon company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.06. The firm had revenue of $662.60 million during the quarter, compared to the consensus estimate of $668.84 million. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The business’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period last year, the company earned ($0.01) earnings per share. Equities analysts expect that Groupon, Inc. will post $0.12 earnings per share for the current fiscal year.
Several equities analysts have commented on GRPN shares. Vetr downgraded Groupon from a “strong-buy” rating to a “buy” rating and set a $4.26 price target on the stock. in a report on Monday, May 1st. BidaskClub downgraded shares of Groupon from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Cowen and Company lowered their price objective on shares of Groupon from $4.00 to $3.00 and set an “underperform” rating on the stock in a research note on Thursday, May 4th. Morgan Stanley downgraded shares of Groupon from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $3.90 to $3.50 in a research note on Monday, April 24th. Finally, Jefferies Group LLC restated a “hold” rating on shares of Groupon in a research note on Friday, May 5th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Groupon currently has a consensus rating of “Hold” and an average price target of $4.59.
A number of institutional investors have recently bought and sold shares of GRPN. Karp Capital Management Corp purchased a new position in Groupon during the first quarter valued at approximately $108,000. Invictus RG increased its position in Groupon by 359.6% in the first quarter. Invictus RG now owns 28,782 shares of the coupon company’s stock valued at $113,000 after buying an additional 22,520 shares in the last quarter. Aperio Group LLC increased its position in Groupon by 4.6% in the second 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 in the last quarter. FNY Managed Accounts LLC purchased a new position in Groupon during the first quarter valued at approximately $117,000. Finally, SG Americas Securities LLC increased its position in 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. Hedge funds and other institutional investors own 56.27% of the company’s stock.
Groupon Company Profile
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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