Insider Selling: Jason Child Sells 40,000 Shares of Groupon Stock (GRPN)
Groupon (NASDAQ:GRPN) CFO Jason Child sold 40,000 shares of Groupon stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $11.98, for a total transaction of $479,200.00. Following the sale, the chief financial officer now directly owns 300,778 shares of the company’s stock, valued at approximately $3,603,320. The sale was disclosed in a legal filing with the SEC, which is available at this link.
GRPN has been the subject of a number of recent research reports. 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, September 19th. 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 equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $9.84.
Shares of Groupon (NASDAQ:GRPN) traded down 1.05% during mid-day trading on Tuesday, hitting $11.81. 22,149,620 shares of the company’s stock traded hands. Groupon has a 52-week low of $2.60 and a 52-week high of $12.76. The stock has a 50-day moving average of $10.51 and a 200-day moving average of $7.93. The company’s market cap is $7.860 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. On average, analysts predict that Groupon will post $0.13 earnings per share 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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