Groupon Target of Unusually Large Options Trading (GRPN)
Shares of Groupon (NASDAQ:GRPN) saw some unusual options trading on Monday. Stock investors purchased 22,815 put options on the stock, Analyst RN reports. This represents an increase of 394% compared to the typical volume of 4,623 put options.
In other Groupon news, Director Theodore Leonsis sold 19,750 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $6.22, for a total transaction of $122,845.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on GRPN shares. Analysts at Zacks upgraded shares of Groupon from an “underperform” rating to a “neutral” rating in a research note on Friday. They now have a $7.00 price target on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Groupon currently has an average rating of “Hold” and a consensus price target of $9.76.
Shares of Groupon (NASDAQ:GRPN) traded down 0.90% during mid-day trading on Monday, hitting $6.62. 9,750,502 shares of the company’s stock traded hands. Groupon has a one year low of $5.18 and a one year high of $12.76. The stock has a 50-day moving average of $6.13 and a 200-day moving average of $8.4. The company’s market cap is $4.516 billion.
Groupon (NASDAQ:GRPN) last released its 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. Analysts expect that Groupon will post $0.11 EPS for the current fiscal year.
Groupon, Inc (NASDAQ:GRPN) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.