Insider Selling: Groupon, Inc. (GRPN) Insider Sells 25,000 Shares of Stock
Groupon, Inc. (NASDAQ:GRPN) insider James Sullivan sold 25,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $3.96, for a total value of $99,000.00. Following the transaction, the insider now directly owns 343,353 shares in the company, valued at approximately $1,359,677.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Groupon, Inc. (NASDAQ:GRPN) traded down 1.51% during midday trading on Wednesday, hitting $3.92. The company had a trading volume of 4,839,767 shares. The firm’s market cap is $2.18 billion. Groupon, Inc. has a 52-week low of $2.90 and a 52-week high of $5.67. The stock has a 50 day moving average of $3.87 and a 200 day moving average of $3.73.
Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Wednesday, August 2nd. The coupon company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.06. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The company had revenue of $662.60 million for the quarter, compared to analyst estimates of $668.84 million. During the same period last year, the company posted ($0.01) earnings per share. The firm’s revenue was down 8.5% compared to the same quarter last year. On average, analysts anticipate that Groupon, Inc. will post $0.12 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRPN. Vanguard Group Inc. raised its position in Groupon by 8.1% in the second quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock valued at $124,620,000 after buying an additional 2,430,907 shares during the period. First Trust Advisors LP raised its position in Groupon by 43.4% in the second quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock valued at $62,685,000 after buying an additional 4,937,648 shares during the period. State Street Corp raised its position in Groupon by 38.2% in the second quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock valued at $33,898,000 after buying an additional 2,440,783 shares during the period. State of New Jersey Common Pension Fund D raised its position in Groupon by 4.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 4,800,000 shares of the coupon company’s stock valued at $18,432,000 after buying an additional 200,000 shares during the period. Finally, Teachers Advisors LLC raised its position in Groupon by 7.6% in the second quarter. Teachers Advisors LLC now owns 4,592,475 shares of the coupon company’s stock valued at $17,635,000 after buying an additional 324,672 shares during the period. 57.64% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on GRPN shares. Maxim Group lowered their price objective on Groupon from $5.50 to $4.25 and set a “buy” rating on the stock in a research note on Thursday, May 4th. Vetr lowered Groupon from a “strong-buy” rating to a “buy” rating and set a $4.26 price objective on the stock. in a research note on Monday, May 1st. B. Riley raised Groupon from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $4.20 to $5.50 in a research note on Thursday, June 29th. Loop Capital reissued a “hold” rating on shares of Groupon in a research note on Wednesday, April 19th. Finally, Jefferies Group LLC reissued 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 assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $4.59.
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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