Groupon Inc (GRPN) Sees Large Drop in Short Interest

Groupon Inc (NASDAQ:GRPN) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 27,811,917 shares, a drop of 19.3% from the January 15th total of 34,460,278 shares. Approximately 6.2% of the company’s stock are sold short. Based on an average daily volume of 5,833,929 shares, the days-to-cover ratio is presently 4.8 days.

Several research analysts have recently commented on GRPN shares. BidaskClub raised shares of Groupon from a “strong sell” rating to a “sell” rating in a research note on Friday, November 23rd. B. Riley lowered their price objective on shares of Groupon from $6.30 to $5.60 and set a “buy” rating for the company in a research note on Thursday, November 8th. Goldman Sachs Group started coverage on shares of Groupon in a research note on Monday, February 4th. They issued a “neutral” rating and a $3.50 price objective for the company. Zacks Investment Research raised shares of Groupon from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research note on Wednesday, January 2nd. Finally, ValuEngine raised shares of Groupon from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Groupon currently has an average rating of “Hold” and an average target price of $4.61.

Shares of Groupon stock opened at $3.75 on Tuesday. Groupon has a 52-week low of $2.80 and a 52-week high of $5.52. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $2.05 billion, a P/E ratio of -125.00, a PEG ratio of 8.31 and a beta of 1.37.

In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $3.04, for a total value of $4,560,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 16.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of GRPN. Sessa Capital IM L.P. lifted its stake in Groupon by 728.1% in the third quarter. Sessa Capital IM L.P. now owns 8,281,410 shares of the coupon company’s stock worth $31,221,000 after acquiring an additional 7,281,410 shares during the last quarter. First Trust Advisors LP lifted its stake in Groupon by 23.8% in the third quarter. First Trust Advisors LP now owns 23,581,289 shares of the coupon company’s stock worth $88,901,000 after acquiring an additional 4,530,364 shares during the last quarter. Vanguard Group Inc lifted its stake in Groupon by 8.0% in the third quarter. Vanguard Group Inc now owns 39,015,392 shares of the coupon company’s stock worth $147,088,000 after acquiring an additional 2,895,875 shares during the last quarter. Vanguard Group Inc. lifted its stake in Groupon by 8.0% in the third quarter. Vanguard Group Inc. now owns 39,015,392 shares of the coupon company’s stock worth $147,088,000 after acquiring an additional 2,895,875 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in Groupon by 19.5% in the third quarter. TIAA CREF Investment Management LLC now owns 11,461,128 shares of the coupon company’s stock worth $43,208,000 after acquiring an additional 1,871,669 shares during the last quarter. Institutional investors own 66.96% of the company’s stock.

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Groupon Company Profile

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

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