Insider Selling: Groupon Director Unloads 19,750 Shares of Stock (GRPN)
Groupon (NASDAQ:GRPN) Director Theodore Leonsis unloaded 19,750 shares of Groupon stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $6.22, for a total transaction of $122,845.00. Following the sale, the director now directly owns 810,296 shares in the company, valued at approximately $5,040,041. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Groupon (NASDAQ:GRPN) traded up 2.09% during mid-day trading on Tuesday, hitting $6.35. The stock had a trading volume of 16,823,190 shares. Groupon has a 1-year low of $5.18 and a 1-year high of $12.76. The stock’s 50-day moving average is $6.15 and its 200-day moving average is $8.60. The company’s market cap is $4.332 billion.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.02. The company had revenue of $757.60 million for the quarter, compared to the consensus estimate of $738.40 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 26.0% on a year-over-year basis. On average, analysts predict that Groupon will post $0.11 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at B. Riley cut their price target on shares of Groupon from $8.00 to $6.00 in a research note on Friday, May 9th. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Groupon in a research note on Wednesday, May 7th. They now have a $8.00 price target on the stock, down previously from $12.00. Finally, analysts at Goldman Sachs cut their price target on shares of Groupon to $8.00 in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $9.75.
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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