Groupon CEO Eric P. Lefkofsky Sells 454,166 Shares (GRPN)
Groupon (NASDAQ:GRPN) CEO Eric P. Lefkofsky sold 454,166 shares of Groupon stock on the open market in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $10.58, for a total value of $4,805,076.28. Following the completion of the sale, the chief executive officer now directly owns 31,455 shares of the company’s stock, valued at approximately $332,794. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Groupon (NASDAQ:GRPN) traded up 2.07% during mid-day trading on Friday, hitting $10.615. The stock had a trading volume of 5,143,430 shares. Groupon has a 52 week low of $4.24 and a 52 week high of $12.76. The stock has a 50-day moving average of $11.0 and a 200-day moving average of $10.49. The company’s market cap is $7.092 billion. Groupon also was the target of unusually large options trading on Tuesday. Investors purchased 52,725 call options on the stock. This represents an increase of 269% compared to the average daily volume of 14,282 call options.
GRPN has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. reiterated a “positive” rating on shares of Groupon in a research note on Tuesday, January 28th. Separately, analysts at Sterne Agee reiterated an “outperform” rating on shares of Groupon in a research note on Friday, January 3rd. They now have a $11.85 price target on the stock, down previously from $12.00. Finally, analysts at Northland Securities raised their price target on shares of Groupon from $13.00 to $15.00 in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $11.02.
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.