Short Interest in Groupon Inc (GRPN) Rises By 18.9%
Groupon Inc (NASDAQ:GRPN) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 43,095,476 shares, an increase of 18.9% from the November 15th total of 36,243,208 shares. Based on an average daily trading volume, of 7,827,223 shares, the short-interest ratio is currently 5.5 days. Approximately 10.1% of the company’s shares are short sold.
A number of research firms recently weighed in on GRPN. Vetr cut shares of Groupon from a “buy” rating to a “hold” rating and set a $6.09 price objective for the company. in a research report on Monday, December 11th. Piper Jaffray Companies reiterated an “overweight” rating and set a $6.25 price target on shares of Groupon in a research report on Tuesday, December 12th. DA Davidson reaffirmed a “buy” rating on shares of Groupon in a research report on Thursday, November 30th. Zacks Investment Research raised shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective for the company in a research report on Monday, November 6th. Finally, TheStreet raised shares of Groupon from a “d” rating to a “c-” rating in a research report on Thursday, November 2nd. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Groupon presently has an average rating of “Hold” and a consensus price target of $5.02.
In related news, CAO Brian Stevens sold 20,000 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $5.71, for a total transaction of $114,200.00. Following the completion of the transaction, the chief accounting officer now owns 222,354 shares of the company’s stock, valued at approximately $1,269,641.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Sullivan sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $5.29, for a total transaction of $132,250.00. Following the transaction, the insider now directly owns 350,919 shares of the company’s stock, valued at approximately $1,856,361.51. The disclosure for this sale can be found here. In the last three months, insiders sold 1,570,000 shares of company stock valued at $9,023,950. Corporate insiders own 23.40% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Groupon by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock valued at $124,620,000 after purchasing an additional 2,430,907 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Groupon by 28.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 8,925,535 shares of the coupon company’s stock valued at $46,413,000 after purchasing an additional 1,989,085 shares in the last quarter. State Street Corp raised its holdings in shares of Groupon by 38.2% in the 2nd quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock valued at $33,898,000 after purchasing an additional 2,440,783 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Groupon by 40.2% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,451,180 shares of the coupon company’s stock valued at $43,946,000 after purchasing an additional 2,421,825 shares in the last quarter. Finally, Pictet Asset Management Ltd. acquired a new stake in shares of Groupon in the 3rd quarter valued at $37,704,000. Institutional investors own 60.04% of the company’s stock.
Shares of Groupon (NASDAQ GRPN) opened at $5.28 on Monday. Groupon has a fifty-two week low of $2.90 and a fifty-two week high of $5.99. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.86 and a quick ratio of 0.86.
Groupon (NASDAQ:GRPN) last released its earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $634.46 million for the quarter, compared to analyst estimates of $642.62 million. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.01) EPS. equities research analysts expect that Groupon will post -0.02 earnings per share for the current year.
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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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