Insider Selling: Groupon CEO Sells 454,166 Shares of Stock (GRPN)
Groupon (NASDAQ:GRPN) CEO Eric P. Lefkofsky sold 454,166 shares of the company’s stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $5.84, for a total transaction of $2,652,329.44. Following the completion of the transaction, the chief executive officer now directly owns 431,455 shares in the company, valued at approximately $2,519,697. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.02 earnings per share. Groupon’s revenue was up 23.5% compared to the same quarter last year. Analysts expect that Groupon will post $0.08 EPS for the current fiscal year.
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 assigned a hold rating and eight have assigned a buy rating to the company. Groupon has an average rating of “Hold” and a consensus target price of $8.36.
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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