Groupon Inc (NASDAQ:GRPN) insider James Sullivan sold 20,000 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $3.55, for a total value of $71,000.00. Following the sale, the insider now owns 339,120 shares of the company’s stock, valued at $1,203,876. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Groupon Inc (NASDAQ:GRPN) traded down 2.29% during trading on Friday, reaching $3.42. 8,559,816 shares of the company traded hands. The firm’s 50 day moving average is $3.80 and its 200-day moving average is $3.86. The stock’s market capitalization is $1.92 billion. Groupon Inc has a 12-month low of $2.92 and a 12-month high of $5.94.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, May 3rd. The coupon company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.06. The business had revenue of $673.63 million for the quarter, compared to analysts’ expectations of $721.93 million. Groupon had a negative net margin of 6.03% and a negative return on equity of 29.46%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.01) earnings per share. On average, equities research analysts anticipate that Groupon Inc will post $0.11 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Groupon (NASDAQ:GRPN)

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GRPN has been the subject of a number of recent analyst reports. Vetr upgraded Groupon from a “buy” rating to a “strong-buy” rating and set a $5.28 price target for the company in a report on Wednesday, March 1st. Morgan Stanley increased their price target on Groupon from $3.60 to $3.90 and gave the stock an “equal weight” rating in a report on Thursday, February 16th. Evercore ISI increased their price target on Groupon to $5.30 in a report on Thursday, February 16th. Cowen and Company decreased their price target on Groupon from $4.00 to $3.00 and set an “underperform” rating for the company in a report on Thursday, May 4th. Finally, Citigroup Inc initiated coverage on Groupon in a report on Monday, March 27th. They set a “neutral” rating and a $5.00 price target for the company. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $4.75.

Hedge funds and other institutional investors have recently modified their holdings of the company. Karp Capital Management Corp purchased a new position in shares of Groupon during the first quarter valued at about $108,000. SG Americas Securities LLC increased its position in shares of Groupon by 6.8% in the first quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock valued at $123,000 after buying an additional 2,000 shares in the last quarter. North Star Investment Management Corp. increased its position in shares of Groupon by 45.5% in the first quarter. North Star Investment Management Corp. now owns 32,000 shares of the coupon company’s stock valued at $126,000 after buying an additional 10,000 shares in the last quarter. Partner Investment Management L.P. purchased a new position in shares of Groupon during the third quarter valued at about $176,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of Groupon during the fourth quarter valued at about $113,000. Hedge funds and other institutional investors own 59.44% of the company’s stock.

Groupon Company Profile

Groupon, Inc operates online local commerce marketplaces around 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, and the Middle East and Africa, and the remainder of its international operations (Rest of World).

5 Day Chart for NASDAQ:GRPN

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