Groupon, Inc. (GRPN) Director Sells $3,300,000.00 in Stock
Groupon, Inc. (NASDAQ:GRPN) Director Eric P. Lefkofsky sold 750,000 shares of Groupon stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $4.40, for a total value of $3,300,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Eric P. Lefkofsky also recently made the following trade(s):
- On Thursday, September 7th, Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock. The shares were sold at an average price of $4.39, for a total value of $6,585,000.00.
Groupon, Inc. (NASDAQ GRPN) traded up 0.23% during trading on Friday, reaching $4.38. The company’s stock had a trading volume of 5,492,128 shares. The stock’s market cap is $2.44 billion. The company’s 50-day moving average is $4.03 and its 200-day moving average is $3.78. Groupon, Inc. has a 12 month low of $2.90 and a 12 month high of $5.53.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $662.60 million for the quarter, compared to analysts’ expectations of $668.84 million. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. The business’s revenue was down 8.5% on a year-over-year basis. Equities analysts expect that Groupon, Inc. will post $0.12 EPS for the current fiscal year.
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A number of research analysts recently issued reports on the company. UBS AG reaffirmed a “sell” rating and issued a $3.10 price target (up from $2.85) on shares of Groupon in a report on Thursday, August 3rd. Barclays PLC reaffirmed an “underweight” rating and issued a $3.85 price target (up from $3.40) on shares of Groupon in a report on Thursday, August 3rd. Cowen and Company reaffirmed a “sell” rating and issued a $3.50 price target on shares of Groupon in a report on Thursday, August 3rd. Credit Suisse Group reaffirmed a “neutral” rating on shares of Groupon in a report on Thursday, August 3rd. Finally, BidaskClub raised Groupon from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.57.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Groupon by 8.1% in the second quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock worth $124,620,000 after purchasing an additional 2,430,907 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Groupon by 43.4% in the second quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock valued at $62,685,000 after buying an additional 4,937,648 shares during the period. State Street Corp raised its stake in shares of Groupon by 38.2% in the second quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock valued at $33,898,000 after buying an additional 2,440,783 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of Groupon by 4.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 4,800,000 shares of the coupon company’s stock valued at $18,432,000 after buying an additional 200,000 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of Groupon by 7.6% in the second quarter. Teachers Advisors LLC now owns 4,592,475 shares of the coupon company’s stock valued at $17,635,000 after buying an additional 324,672 shares during the period. 56.10% of the stock is currently owned by institutional investors and hedge funds.
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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