Groupon SVP Sells $118,500 in Stock (GRPN)
Groupon (NASDAQ:GRPN) SVP Jeffrey Holden unloaded 10,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $11.85, for a total value of $118,500.00. Following the completion of the sale, the senior vice president now directly owns 287,872 shares in the company, valued at approximately $3,411,283. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Groupon (NASDAQ:GRPN) traded up 1.94% during mid-day trading on Friday, hitting $12.08. The stock had a trading volume of 24,262,896 shares. Groupon has a one year low of $4.24 and a one year high of $12.76. The stock’s 50-day moving average is $10.28 and its 200-day moving average is $10.. The company’s market cap is $8.071 billion.
Groupon (NASDAQ:GRPN) last announced its earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.01. The company had revenue of $595.10 million for the quarter, compared to the consensus estimate of $615.69 million. The company’s quarterly revenue was up 4.7% on a year-over-year basis.
A number of research firms have recently commented on GRPN. Analysts at Sterne Agee reiterated an “outperform” rating on shares of Groupon in a research note to investors on Friday. They now have a $11.85 price target on the stock, down previously from $12.00. Separately, analysts at Northland Securities raised their price target on shares of Groupon from $13.00 to $15.00 in a research note to investors on Thursday. Finally, analysts at Northland Capital Partners raised their price target on shares of Groupon from $13.00 to $15.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $11.16.
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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