Groupon Target of Unusually High Options Trading (GRPN)
Groupon (NASDAQ:GRPN) saw unusually large options trading on Monday. Stock investors bought 17,522 put options on the stock, American Banking & Market News reports. This is an increase of approximately 170% compared to the average daily volume of 6,486 put options.
In other Groupon news, SVP Jeffrey Holden sold 10,000 shares of the stock on the open market in a transaction dated Thursday, January 2nd. The shares were 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 in the company, valued at approximately $3,411,283. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Sterne Agee reiterated an “outperform” rating on shares of Groupon in a research note to investors on Friday, January 3rd. 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 analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.16.
Groupon (NASDAQ:GRPN) opened at 10.98 on Tuesday. Groupon has a 52-week low of $4.24 and a 52-week high of $12.76. The stock’s 50-day moving average is $10.65 and its 200-day moving average is $10.22. The company’s market cap is $7.336 billion.
Groupon (NASDAQ:GRPN) last released its 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 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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