Groupon Inc. (GRPN) Short Interest Update
Groupon Inc. (NASDAQ:GRPN) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 43,271,101 shares, a decrease of 4.5% from the September 15th total of 45,289,617 shares. Based on an average daily volume of 5,363,905 shares, the days-to-cover ratio is presently 8.1 days. Currently, 10.4% of the company’s shares are sold short.
Groupon (NASDAQ:GRPN) opened at 4.90 on Friday. The firm has a 50-day moving average of $5.24 and a 200 day moving average of $4.33. Groupon has a 12-month low of $2.15 and a 12-month high of $5.94. The company’s market capitalization is $2.82 billion.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, July 27th. The coupon company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. The company had revenue of $756.03 million for the quarter, compared to the consensus estimate of $710.94 million. Groupon had a negative net margin of 5.71% and a negative return on equity of 14.95%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS.
In related news, Director Peter J. Barris sold 730,349 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $5.69, for a total value of $4,155,685.81. Following the transaction, the director now directly owns 116,923 shares of the company’s stock, valued at approximately $665,291.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James Sullivan sold 20,000 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $5.81, for a total value of $116,200.00. Following the completion of the transaction, the insider now directly owns 299,778 shares in the company, valued at $1,741,710.18. The disclosure for this sale can be found here. Company insiders own 23.86% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its position in shares of Groupon by 1.9% in the first quarter. Renaissance Technologies LLC now owns 12,645,900 shares of the coupon company’s stock worth $50,457,000 after buying an additional 240,700 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Groupon by 17.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 634,462 shares of the coupon company’s stock worth $2,062,000 after buying an additional 92,859 shares during the period. Acadian Asset Management LLC increased its position in shares of Groupon by 17.3% in the second quarter. Acadian Asset Management LLC now owns 1,200,366 shares of the coupon company’s stock worth $3,902,000 after buying an additional 177,009 shares during the period. BlackRock Inc. increased its position in shares of Groupon by 559.2% in the first quarter. BlackRock Inc. now owns 57,948 shares of the coupon company’s stock worth $231,000 after buying an additional 49,158 shares during the period. Finally, M&T Bank Corp bought a new position in shares of Groupon during the first quarter worth $107,000. 54.60% of the stock is currently owned by institutional investors.
Several research analysts recently weighed in on the company. Vetr raised Groupon from a “sell” rating to a “buy” rating and set a $4.20 target price on the stock in a research report on Monday, July 18th. Boenning Scattergood assumed coverage on Groupon in a research report on Thursday, September 29th. They issued a “neutral” rating on the stock. Jefferies Group reaffirmed a “hold” rating on shares of Groupon in a research report on Monday, July 11th. B. Riley reaffirmed a “neutral” rating and issued a $4.50 target price on shares of Groupon in a research report on Tuesday, August 2nd. Finally, Goldman Sachs Group Inc. increased their target price on Groupon from $4.10 to $4.40 and gave the stock a “neutral” rating in a research report on Thursday, July 28th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.53.
Groupon, Inc operates online local commerce marketplaces throughout 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, the Middle East and Africa, and international operations (Rest of World).
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