Groupon, Inc. (GRPN) Insider James Sullivan Sells 25,000 Shares
Groupon, Inc. (NASDAQ:GRPN) insider James Sullivan sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $5.29, for a total value of $132,250.00. Following the completion of the transaction, the insider now owns 350,919 shares in the company, valued at approximately $1,856,361.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
James Sullivan also recently made the following trade(s):
- On Thursday, September 28th, James Sullivan sold 25,000 shares of Groupon stock. The shares were sold at an average price of $4.90, for a total value of $122,500.00.
Shares of Groupon, Inc. (NASDAQ:GRPN) traded up $0.22 on Thursday, reaching $5.44. The company’s stock had a trading volume of 8,936,245 shares, compared to its average volume of 8,720,264. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.86 and a quick ratio of 0.86. Groupon, Inc. has a 52 week low of $2.90 and a 52 week high of $5.67.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. The company had revenue of $634.46 million during the quarter, compared to the consensus estimate of $642.62 million. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. Groupon’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) EPS. analysts forecast that Groupon, Inc. will post -0.02 EPS for the current year.
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A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective on the stock in a report on Monday, November 6th. TheStreet raised Groupon from a “d” rating to a “c-” rating in a report on Thursday, November 2nd. Vetr raised Groupon from a “strong sell” rating to a “sell” rating and set a $5.14 price objective on the stock in a report on Tuesday, November 7th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $4.00 price objective on shares of Groupon in a report on Thursday, October 19th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $4.70 price objective on shares of Groupon in a report on Wednesday, October 11th. Seven analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $4.94.
A number of institutional investors and hedge funds have recently modified their holdings of GRPN. Pictet Asset Management Ltd. acquired a new position in Groupon in the 3rd quarter valued at $37,704,000. First Trust Advisors LP raised its holdings in Groupon by 43.4% in the 2nd quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock valued at $62,685,000 after acquiring an additional 4,937,648 shares during the last quarter. SG Capital Management LLC acquired a new position in Groupon in the 3rd quarter valued at $16,741,000. State Street Corp increased its holdings in shares of Groupon by 38.2% during the 2nd quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock worth $33,898,000 after buying an additional 2,440,783 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Groupon by 8.1% during the 2nd quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock worth $124,620,000 after buying an additional 2,430,907 shares during the last quarter. Institutional investors own 55.03% of the company’s stock.
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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