Groupon CEO Eric P. Lefkofsky Sells 454,166 Shares (GRPN)
Groupon (NASDAQ:GRPN) CEO Eric P. Lefkofsky unloaded 454,166 shares of the company’s stock on the open market in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $6.48, for a total value of $2,942,995.68. Following the completion of the transaction, the chief executive officer now directly owns 31,455 shares in the company, valued at approximately $203,828. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Groupon (NASDAQ:GRPN) traded down 1.56% on Wednesday, hitting $6.30. The stock had a trading volume of 12,427,432 shares. Groupon has a 1-year low of $5.18 and a 1-year high of $12.76. The stock has a 50-day moving average of $6.27 and a 200-day moving average of $8.04. The company’s market cap is $4.298 billion. Groupon also saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 80,506,749 shares, an increase of 6.0% from the June 13th total of 75,974,617 shares. Currently, 17.7% of the shares of the stock are short sold. Based on an average trading volume of 15,884,651 shares, the short-interest ratio is currently 5.1 days.
Groupon (NASDAQ:GRPN) last announced its earnings results on Tuesday, May 6th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.03 earnings per share. Groupon’s revenue was up 26.0% compared to the same quarter last year. Analysts expect that Groupon will post $0.10 EPS for the current fiscal year.
GRPN has been the subject of a number of recent research reports. Analysts at ISI Group initiated coverage on shares of Groupon in a research note on Tuesday, July 8th. They set a “buy” rating and a $9.50 price target on the stock. Separately, analysts at B. Riley upgraded shares of Groupon from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 8th. They now have a $9.50 price target on the stock. Finally, analysts at Zacks upgraded shares of Groupon from an “underperform” rating to a “neutral” rating in a research note on Friday, June 27th. They now have a $7.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.93.
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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