Insider Buying: Jeffrey T. Housenbold Buys 16,000 Shares of Groupon Stock (GRPN)
Groupon (NASDAQ:GRPN) Director Jeffrey T. Housenbold purchased 16,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average cost of $5.79 per share, for a total transaction of $92,640.00. Following the transaction, the director now directly owns 38,889 shares of the company’s stock, valued at approximately $225,167. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on GRPN. Analysts at Zacks reiterated a “neutral” rating on shares of Groupon in a research note on Friday, August 8th. They now have a $6.25 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Groupon in a research note on Wednesday, August 6th. They now have a $6.50 price target on the stock, down previously from $10.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Groupon in a research note on Wednesday, August 6th. They now have a $7.00 price target on the stock, down previously from $8.00. One research 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. The company has a consensus rating of “Hold” and an average price target of $8.36.
Groupon (NASDAQ:GRPN) opened at 6.00 on Monday. Groupon has a 52-week low of $5.18 and a 52-week high of $12.76. The stock has a 50-day moving average of $6.33 and a 200-day moving average of $7.32. The company’s market cap is $4.016 billion.
Groupon (NASDAQ:GRPN) last released its earnings data on Tuesday, August 5th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.01. The company had revenue of $751.60 million for the quarter, compared to the consensus estimate of $762.07 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 23.5% on a year-over-year basis. Analysts expect that Groupon will post $0.08 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.
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