Traders Purchase Large Volume of Put Options on Groupon (GRPN)
Groupon (NASDAQ:GRPN) saw unusually large options trading on Monday. Stock investors acquired 13,293 put options on the company, American Banking and Market News reports. This is an increase of approximately 148% compared to the typical daily volume of 5,366 put options.
In other Groupon news, SVP Jeffrey Holden unloaded 10,000 shares of Groupon stock on the open market in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $11.85, for a total value of $118,500.00. Following the sale, the senior vice president now directly owns 287,872 shares of the company’s stock, valued at approximately $3,411,283. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on GRPN shares. 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, January 2nd. 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, January 2nd. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $11.16.
Groupon (NASDAQ:GRPN) opened at 11.89 on Tuesday. Groupon has a one year low of $4.24 and a one year high of $12.76. The stock has a 50-day moving average of $10.36 and a 200-day moving average of $10.09. The company’s market cap is $7.944 billion.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that Groupon will post $0.09 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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