Groupon Sees Unusually Large Options Volume (GRPN)

Groupon Inc (NASDAQ:GRPN) was the target of unusually large options trading on Tuesday. Stock investors purchased 9,620 put options on the company. This represents an increase of approximately 1,434% compared to the average daily volume of 627 put options.

Shares of Groupon (GRPN) traded down $0.49 during trading hours on Wednesday, hitting $4.71. 46,808,406 shares of the company were exchanged, compared to its average volume of 10,779,829. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.99. Groupon has a 1 year low of $2.90 and a 1 year high of $5.99. The company has a market cap of $2,630.00, a P/E ratio of -31.40, a price-to-earnings-growth ratio of 27.05 and a beta of 1.47.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Wednesday, February 14th. The coupon company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The business had revenue of $873.17 million during the quarter, compared to the consensus estimate of $853.13 million. During the same period in the previous year, the business posted $0.07 EPS. The firm’s revenue was down 3.5% on a year-over-year basis. equities research analysts predict that Groupon will post -0.02 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered Groupon from a “hold” rating to a “sell” rating in a research note on Monday. Goldman Sachs Group raised shares of Groupon from a “sell” rating to a “neutral” rating and set a $5.40 price objective for the company in a report on Wednesday, January 17th. BidaskClub downgraded shares of Groupon from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Vetr raised shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.79 price objective for the company in a report on Tuesday, December 12th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $6.25 price target on shares of Groupon in a report on Tuesday, December 12th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Groupon has a consensus rating of “Hold” and a consensus price target of $5.06.

In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $5.77, for a total value of $8,655,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brian Stevens sold 20,000 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $5.71, for a total value of $114,200.00. Following the completion of the sale, the chief accounting officer now owns 222,354 shares of the company’s stock, valued at approximately $1,269,641.34. The disclosure for this sale can be found here. Corporate insiders own 23.40% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Paloma Partners Management Co bought a new position in shares of Groupon in the 4th quarter valued at about $110,000. Ameritas Investment Partners Inc. bought a new position in shares of Groupon in the 2nd quarter valued at about $116,000. ProShare Advisors LLC bought a new position in shares of Groupon in the 2nd quarter valued at about $122,000. Prudential Financial Inc. lifted its holdings in shares of Groupon by 157.7% in the 2nd quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock valued at $122,000 after acquiring an additional 19,408 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of Groupon in the 3rd quarter valued at about $122,000. 59.81% of the stock is owned by hedge funds and other institutional investors.

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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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