Insider Selling: Groupon, Inc. (GRPN) Director Sells 1,500,000 Shares of Stock
Groupon, Inc. (NASDAQ:GRPN) Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $4.39, for a total transaction of $6,585,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Eric P. Lefkofsky also recently made the following trade(s):
- On Wednesday, September 6th, Eric P. Lefkofsky sold 750,000 shares of Groupon stock. The stock was sold at an average price of $4.40, for a total transaction of $3,300,000.00.
Groupon, Inc. (GRPN) traded up 0.23% on Friday, hitting $4.38. 5,492,128 shares of the company were exchanged. The stock’s market cap is $2.44 billion. The firm has a 50 day moving average of $4.03 and a 200-day moving average of $3.78. Groupon, Inc. has a 52-week low of $2.90 and a 52-week high of $5.53.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.06. The firm had revenue of $662.60 million for the quarter, compared to analysts’ expectations of $668.84 million. Groupon had a negative net margin of 4.16% and a negative return on equity of 13.08%. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) earnings per share. On average, equities analysts expect that Groupon, Inc. will post $0.12 earnings per share for the current fiscal year.
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A number of equities research analysts have issued reports on the stock. Jefferies Group LLC reiterated a “hold” rating on shares of Groupon in a report on Monday, May 15th. BidaskClub upgraded shares of Groupon from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th. B. Riley upgraded shares of Groupon from a “neutral” rating to a “buy” rating and increased their target price for the stock from $4.20 to $5.50 in a report on Thursday, June 29th. Royal Bank Of Canada reiterated a “hold” rating and set a $4.00 target price on shares of Groupon in a report on Friday, June 30th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $5.50 target price on shares of Groupon in a report on Wednesday, June 28th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Groupon currently has a consensus rating of “Hold” and a consensus price target of $4.57.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas raised its holdings in Groupon by 3.6% in the first quarter. Teacher Retirement System of Texas now owns 35,185 shares of the coupon company’s stock valued at $138,000 after acquiring an additional 1,222 shares in the last quarter. Aperio Group LLC raised its holdings in Groupon by 4.6% in the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock valued at $111,000 after acquiring an additional 1,268 shares in the last quarter. Suntrust Banks Inc. raised its holdings in Groupon by 2.0% in the second quarter. Suntrust Banks Inc. now owns 65,767 shares of the coupon company’s stock valued at $252,000 after acquiring an additional 1,272 shares in the last quarter. SG Americas Securities LLC raised its holdings in 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 acquiring an additional 2,000 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in Groupon by 1.9% in the second quarter. Voya Investment Management LLC now owns 152,428 shares of the coupon company’s stock valued at $585,000 after acquiring an additional 2,911 shares in the last quarter. 56.10% of the stock is currently owned by hedge funds and other institutional investors.
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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