Groupon Inc. (GRPN) Trading Up 3.2%
Groupon Inc. (NASDAQ:GRPN)’s share price was up 3.2% during mid-day trading on Monday . The stock traded as high as $3.85 and last traded at $3.84, with a volume of 3,717,942 shares. The stock had previously closed at $3.72.
Several equities analysts recently issued reports on GRPN shares. Credit Suisse Group AG reaffirmed a “hold” rating and set a $5.00 price objective on shares of Groupon in a report on Friday, April 29th. Macquarie reaffirmed a “buy” rating on shares of Groupon in a report on Sunday, April 17th. Royal Bank Of Canada cut Groupon from a “sector perform” rating to an “underperform” rating and reduced their price objective for the stock from $4.00 to $3.00 in a report on Monday, May 2nd. Zacks Investment Research cut Groupon from a “buy” rating to a “hold” rating in a report on Monday, April 25th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Groupon in a report on Monday, July 18th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $6.82.
The company has a 50-day moving average price of $3.40 and a 200 day moving average price of $3.59. The company’s market cap is $2.23 billion.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Thursday, April 28th. The coupon company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. The company earned $732 million during the quarter, compared to analyst estimates of $717.59 million. During the same quarter last year, the company posted $0.03 EPS. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. On average, equities analysts expect that Groupon Inc. will post ($0.05) EPS for the current year.
In related news, CAO Brian Stevens sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $3.50, for a total value of $35,000.00. Following the transaction, the chief accounting officer now owns 117,170 shares in the company, valued at approximately $410,095. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Peter J. Barris sold 640,045 shares of the company’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $3.22, for a total transaction of $2,060,944.90. Following the completion of the transaction, the director now owns 116,923 shares in the company, valued at approximately $376,492.06. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Groupon stock. Swiss National Bank raised its position in shares of Groupon Inc. (NASDAQ:GRPN) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 634,766 shares of the coupon company’s stock after buying an additional 18,400 shares during the period. Swiss National Bank owned about 0.10% of Groupon worth $1,949,000 as of its most recent filing with the SEC.
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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