Insider Selling: Groupon Director Unloads 19,750 Shares of Stock (GRPN)
Groupon (NASDAQ:GRPN) Director Theodore Leonsis sold 19,750 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $10.34, for a total value of $204,215.00. Following the completion of the transaction, the director now directly owns 793,546 shares in the company, valued at approximately $8,205,266. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on GRPN. 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 equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. Groupon has a consensus rating of “Hold” and an average target price of $11.02.
Groupon (NASDAQ:GRPN) traded down 2.38% during mid-day trading on Tuesday, hitting $10.26. The stock had a trading volume of 19,214,262 shares. Groupon has a 1-year low of $4.24 and a 1-year high of $12.76. The stock has a 50-day moving average of $10.97 and a 200-day moving average of $10.50. The company’s market cap is $6.855 billion. Groupon also was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 36,534,047 shares, a drop of 12.2% from the January 15th total of 41,630,963 shares. Based on an average daily volume of 12,879,754 shares, the days-to-cover ratio is currently 2.8 days. Approximately 8.6% of the shares of the stock are short sold.
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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