Groupon Sees Unusually High Options Volume (GRPN)
Groupon (NASDAQ:GRPN) saw unusually large options trading on Thursday. Investors purchased 13,573 put options on the company, American Banking & Market News reports. This represents an increase of approximately 156% compared to the average daily volume of 5,292 put options.
In other Groupon news, CAO Brian Stevens unloaded 44,649 shares of Groupon stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $11.74, for a total value of $524,179.26. Following the sale, the chief accounting officer now directly owns 2,879 shares in the company. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on GRPN. Analysts at Stifel Nicolaus upgraded shares of Groupon (NASDAQ:GRPN) from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $16.00 price target on the stock, down previously from $84.00. Separately, analysts at Morgan Stanley upgraded shares of Groupon (NASDAQ:GRPN) from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, September 5th. They now have a $14.00 price target on the stock, up previously from $11.00. Finally, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Groupon (NASDAQ:GRPN) in a research note to investors on Friday, August 16th.
Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $9.84.
Shares of Groupon (NASDAQ:GRPN) traded down 0.92% on Friday, hitting $12.469. The stock had a trading volume of 5,487,434 shares. Groupon has a 1-year low of $2.60 and a 1-year high of $12.76. The stock’s 50-day moving average is $10.31 and its 200-day moving average is $7.80. The company’s market cap is $8.299 billion.
Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, August 7th. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.02. The company had revenue of $608.70 million for the quarter, compared to the consensus estimate of $606.23 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that Groupon will post $0.13 EPS for the current fiscal year.
Groupon, Inc offers online retail services. The Company provides daily deal on the stuff to do, eat, see and buy in more than 500 markets in 44 countries.
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