Groupon CFO Sells $154,880 in Stock (GRPN)
Groupon (NASDAQ:GRPN) CFO Jason Child unloaded 22,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $7.04, for a total value of $154,880.00. Following the sale, the chief financial officer now directly owns 346,333 shares of the company’s stock, valued at approximately $2,438,184. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Groupon (NASDAQ:GRPN) traded up 0.14% on Friday, hitting $7.09. The stock had a trading volume of 13,237,095 shares. Groupon has a 1-year low of $5.37 and a 1-year high of $12.76. The stock’s 50-day moving average is $7.62 and its 200-day moving average is $9.49. The company’s market cap is $4.844 billion. Groupon also saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 69,066,056 shares, a drop of 20.4% from the March 31st total of 86,772,341 shares. Based on an average trading volume of 22,532,439 shares, the days-to-cover ratio is currently 3.1 days. Currently, 15.2% of the company’s shares are sold short.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.02. The company had revenue of $768.40 million for the quarter, compared to the consensus estimate of $718.04 million. Analysts expect that Groupon will post $0.11 EPS for the current fiscal year.
A number of analysts have recently weighed in on GRPN shares. Analysts at Morgan Stanley cut their price target on shares of Groupon to $13.00 in a research note on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “positive” rating on shares of Groupon in a research note on Thursday, February 27th. Finally, analysts at Zacks downgraded shares of Groupon from a “neutral” rating to an “underperform” rating in a research note on Monday, February 24th. They now have a $6.70 price target on the stock. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $10.54.
Groupon, Inc (NASDAQ:GRPN) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount.
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