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.

ILLEGAL ACTIVITY NOTICE: This article was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.americanbankingnews.com/2017/08/16/insider-selling-groupon-inc-grpn-insider-sells-25000-shares-of-stock.html.

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.

About Groupon

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).

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

Receive News & Ratings for Groupon Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon Inc. and related companies with MarketBeat.com's FREE daily email newsletter.