Short Interest in Groupon, Inc. (NASDAQ:GRPN) Decreases By 3.1%
Groupon, Inc. (NASDAQ:GRPN) saw a significant decrease in short interest in July. As of July 14th, there was short interest totalling 45,376,077 shares, a decrease of 3.1% from the June 30th total of 46,808,914 shares. Based on an average daily volume of 5,868,983 shares, the days-to-cover ratio is presently 7.7 days. Approximately 10.9% of the company’s shares are short sold.
Shares of Groupon (NASDAQ:GRPN) opened at 3.75 on Friday. The stock has a 50 day moving average price of $3.54 and a 200-day moving average price of $3.68. The firm’s market cap is $2.10 billion. Groupon has a 52-week low of $2.90 and a 52-week high of $5.94.
Groupon (NASDAQ:GRPN) last issued its earnings results on Wednesday, May 3rd. The coupon company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.06. The firm had revenue of $673.63 million during the quarter, compared to the consensus estimate of $721.93 million. Groupon had a negative net margin of 5.51% and a negative return on equity of 22.40%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. On average, equities analysts anticipate that Groupon will post $0.10 EPS for the current fiscal year.
In related news, insider James Sullivan sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $3.55, for a total value of $71,000.00. Following the transaction, the insider now owns 339,120 shares of the company’s stock, valued at $1,203,876. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Brian Stevens sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $3.15, for a total value of $31,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 204,141 shares in the company, valued at approximately $643,044.15. The disclosure for this sale can be found here. In the last three months, insiders sold 359,105 shares of company stock worth $1,129,243. 23.40% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas increased its position in shares of Groupon by 3.6% in the first quarter. Teacher Retirement System of Texas now owns 35,185 shares of the coupon company’s stock worth $138,000 after buying an additional 1,222 shares during the last quarter. Aperio Group LLC increased its position in shares of Groupon by 4.6% in the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after buying an additional 1,268 shares during the last quarter. 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 worth $123,000 after buying an additional 2,000 shares during the last quarter. Global X Management Co. LLC increased its position in shares of Groupon by 1.2% in the first quarter. Global X Management Co. LLC now owns 328,421 shares of the coupon company’s stock worth $1,291,000 after buying an additional 3,780 shares during the last quarter. Finally, Creative Planning increased its position in shares of Groupon by 9.8% in the first quarter. Creative Planning now owns 73,837 shares of the coupon company’s stock worth $290,000 after buying an additional 6,580 shares during the last quarter. Hedge funds and other institutional investors own 57.27% of the company’s stock.
Several research analysts recently issued reports on the company. Vetr cut Groupon from a “strong-buy” rating to a “buy” rating and set a $4.26 price objective on the stock. in a research note on Monday, May 1st. Morgan Stanley cut Groupon from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $3.90 to $3.50 in a research note on Monday, April 24th. Piper Jaffray Companies reissued an “overweight” rating and issued a $6.50 price objective on shares of Groupon in a research note on Saturday, April 22nd. Royal Bank Of Canada reissued a “hold” rating and issued a $4.00 price objective on shares of Groupon in a research note on Friday, June 30th. Finally, B. Riley raised Groupon to a “buy” rating and set a $5.50 price objective on the stock in a research note on Tuesday, July 4th. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $4.54.
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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).
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