Groupon, Inc. (NASDAQ:GRPN) General Counsel Dane A. Drobny sold 47,753 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $3.59, for a total value of $171,433.27. Following the transaction, the general counsel now directly owns 377,721 shares in the company, valued at $1,356,018.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Groupon, Inc. (NASDAQ GRPN) remained flat at $3.22 during mid-day trading on Friday. The stock had a trading volume of 22,325,852 shares. The firm’s market cap is $1.81 billion. The stock has a 50 day moving average of $3.32 and a 200-day moving average of $3.68. Groupon, Inc. has a 12-month low of $2.90 and a 12-month high of $5.94.
Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, May 3rd. The coupon company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.06. The company had revenue of $673.63 million during the quarter, compared to analysts’ expectations of $721.93 million. Groupon had a negative return on equity of 22.40% and a negative net margin of 5.51%. Groupon’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) EPS. On average, equities research analysts predict that Groupon, Inc. will post $0.10 earnings per share for the current fiscal year.
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A number of brokerages have recently issued reports on GRPN. B. Riley reaffirmed a “neutral” rating and set a $4.50 price target on shares of Groupon in a report on Tuesday, February 21st. BidaskClub raised Groupon from a “strong sell” rating to a “sell” rating in a report on Friday. Loop Capital reaffirmed a “hold” rating on shares of Groupon in a report on Wednesday, April 19th. Zacks Investment Research downgraded Groupon from a “hold” rating to a “sell” rating in a report on Thursday, February 16th. Finally, Maxim Group lowered their price target on Groupon from $5.50 to $4.25 and set a “buy” rating on the stock in a report on Thursday, May 4th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $4.75.
A number of institutional investors have recently added to or reduced their stakes in the company. Karp Capital Management Corp acquired a new position in Groupon during the first quarter worth $108,000. Highbridge Capital Management LLC acquired a new position in Groupon during the fourth quarter worth $113,000. Invictus RG boosted its position in Groupon by 359.6% in the first quarter. Invictus RG now owns 28,782 shares of the coupon company’s stock worth $113,000 after buying an additional 22,520 shares during the last quarter. FNY Managed Accounts LLC acquired a new position in Groupon during the first quarter worth $117,000. Finally, SG Americas Securities LLC boosted its position in Groupon by 6.8% in the first quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock worth $123,000 after buying an additional 2,000 shares during the last quarter. 57.33% of the stock is owned by 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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