Groupon Inc. (GRPN) Trading 2% Higher
Shares of Groupon Inc. (NASDAQ:GRPN) traded up 2% on Tuesday . The company traded as high as $5.34 and last traded at $5.21, with a volume of 4,133,038 shares traded. The stock had previously closed at $5.11.
A number of analysts recently weighed in on the stock. B. Riley reissued a “neutral” rating and issued a $4.50 price objective on shares of Groupon in a research report on Thursday, July 28th. Jefferies Group raised their target price on shares of Groupon from $3.50 to $4.75 and gave the stock a “hold” rating in a research report on Thursday, July 28th. Royal Bank Of Canada raised their target price on shares of Groupon from $3.00 to $4.00 and gave the stock an “underperform” rating in a research report on Thursday, July 28th. Piper Jaffray Cos. raised shares of Groupon from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $4.00 to $6.00 in a research report on Monday, July 18th. Finally, Maxim Group began coverage on shares of Groupon in a research report on Wednesday, June 22nd. They set a “buy” rating and a $5.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Groupon currently has a consensus rating of “Hold” and a consensus price target of $6.56.
The company’s market capitalization is $2.98 billion. The company has a 50 day moving average of $5.44 and a 200-day moving average of $4.20.
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Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, July 27th. The coupon company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $756.03 million for the quarter, compared to the consensus estimate of $710.94 million. Groupon had a negative net margin of 5.71% and a negative return on equity of 14.95%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS.
In other news, insider James Sullivan sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $5.81, for a total value of $116,200.00. Following the sale, the insider now directly owns 299,778 shares of the company’s stock, valued at approximately $1,741,710.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter J. Barris sold 730,349 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $5.69, for a total transaction of $4,155,685.81. Following the completion of the sale, the director now directly owns 116,923 shares in the company, valued at $665,291.87. The disclosure for this sale can be found here. 23.86% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in GRPN. Nomura Holdings Inc. increased its stake in shares of Groupon by 156.1% in the second quarter. Nomura Holdings Inc. now owns 727,310 shares of the coupon company’s stock valued at $2,361,000 after buying an additional 443,291 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Groupon by 80.0% in the second quarter. Royal Bank of Canada now owns 33,375 shares of the coupon company’s stock valued at $109,000 after buying an additional 14,829 shares during the last quarter. Amalgamated Bank increased its stake in shares of Groupon by 9.8% in the second quarter. Amalgamated Bank now owns 58,455 shares of the coupon company’s stock valued at $344,000 after buying an additional 5,219 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Groupon by 3.8% in the second quarter. Legal & General Group Plc now owns 37,848 shares of the coupon company’s stock valued at $123,000 after buying an additional 1,369 shares during the last quarter. Finally, Numeric Investors LLC acquired a new stake in shares of Groupon during the second quarter valued at $415,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.
Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces throughout the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, the Middle East and Africa, and international operations (Rest of World).
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