Insider Selling: Groupon, Inc. (GRPN) Insider Sells 25,000 Shares of Stock
Groupon, Inc. (NASDAQ:GRPN) insider James Sullivan sold 25,000 shares of Groupon stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $3.96, for a total value of $99,000.00. Following the completion of the transaction, the insider now directly owns 343,353 shares of the company’s stock, valued at approximately $1,359,677.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Groupon, Inc. (GRPN) traded down 1.51% during midday trading on Wednesday, hitting $3.92. 4,839,767 shares of the stock traded hands. The stock’s market cap is $2.18 billion. Groupon, Inc. has a 12 month low of $2.90 and a 12 month high of $5.67. The company has a 50-day moving average of $3.87 and a 200-day moving average of $3.73.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Wednesday, August 2nd. The coupon company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.06. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The company had revenue of $662.60 million for the quarter, compared to analyst estimates of $668.84 million. During the same period last year, the company earned ($0.01) earnings per share. Groupon’s quarterly revenue was down 8.5% compared to the same quarter last year. On average, equities research analysts anticipate that Groupon, Inc. will post $0.12 earnings per share for the current year.
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A number of hedge funds have recently modified their holdings of GRPN. Norges Bank acquired a new stake in shares of Groupon during the fourth quarter valued at approximately $11,260,000. HRT Financial LLC raised its stake in shares of Groupon by 50.8% in the first quarter. HRT Financial LLC now owns 51,080 shares of the coupon company’s stock valued at $200,000 after buying an additional 17,204 shares during the last quarter. Swiss National Bank raised its stake in shares of Groupon by 2.1% in the first quarter. Swiss National Bank now owns 708,866 shares of the coupon company’s stock valued at $2,786,000 after buying an additional 14,800 shares during the last quarter. TLP Group LLC acquired a new stake in shares of Groupon during the first quarter valued at approximately $384,000. Finally, Hamilton Lane Advisors LLC raised its stake in shares of Groupon by 540.6% in the first quarter. Hamilton Lane Advisors LLC now owns 114,146 shares of the coupon company’s stock valued at $449,000 after buying an additional 96,327 shares during the last quarter. 57.64% of the stock is currently owned by institutional investors.
Several equities analysts have recently issued reports on GRPN shares. Loop Capital reaffirmed a “hold” rating on shares of Groupon in a research report on Wednesday, April 19th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $6.50 price target on shares of Groupon in a research report on Saturday, April 22nd. Morgan Stanley lowered Groupon from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $3.90 to $3.50 in a research report on Monday, April 24th. Vetr lowered Groupon from a “strong-buy” rating to a “buy” rating and set a $4.26 price target for the company. in a research report on Monday, May 1st. Finally, Maxim Group lowered their price target on Groupon from $5.50 to $4.25 and set a “buy” rating for the company in a research report on Thursday, May 4th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $4.59.
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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