Groupon, Inc. (NASDAQ:GRPN) Short Interest Update

Groupon, Inc. (NASDAQ:GRPN) was the recipient of a significant decline in short interest in the month of October. As of October 13th, there was short interest totalling 34,729,923 shares, a decline of 7.0% from the September 29th total of 37,352,394 shares. Approximately 8.2% of the company’s shares are sold short. Based on an average daily trading volume, of 6,764,873 shares, the short-interest ratio is presently 5.1 days.

Groupon (GRPN) traded down $0.24 during trading on Friday, reaching $5.37. The company had a trading volume of 11,553,700 shares, compared to its average volume of 8,717,132. 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 has a 12 month low of $2.90 and a 12 month high of $5.67.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Wednesday, November 1st. The coupon company reported $0.01 EPS for the quarter. The company had revenue of $634.46 million during the quarter, compared to analysts’ expectations of $642.62 million. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. Groupon’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.01) earnings per share. research analysts anticipate that Groupon will post -0.02 earnings per share for the current year.

In other news, insider James Sullivan sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $4.90, for a total transaction of $122,500.00. Following the transaction, the insider now directly owns 353,524 shares of the company’s stock, valued at $1,732,267.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Brian Stevens sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $4.04, for a total value of $40,400.00. Following the transaction, the chief accounting officer now directly owns 215,696 shares in the company, valued at $871,411.84. The disclosure for this sale can be found here. Insiders have sold 2,310,000 shares of company stock worth $10,146,900 over the last three months. Insiders own 23.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. New York State Teachers Retirement System purchased a new stake in Groupon during the third quarter valued at $122,000. Karp Capital Management Corp purchased a new stake in Groupon in the first quarter worth about $108,000. Invictus RG increased 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 in the last quarter. Aperio Group LLC increased its position in Groupon by 4.6% in the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after buying an additional 1,268 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in Groupon in the second quarter worth about $116,000. Institutional investors own 57.10% of the company’s stock.

Several equities analysts have recently issued reports on GRPN shares. B. Riley reissued a “buy” rating and set a $5.50 target price on shares of Groupon in a research note on Thursday, August 3rd. Cowen and Company upgraded Groupon from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $2.90 to $5.38 in a research report on Monday, October 16th. Piper Jaffray Companies restated an “overweight” rating and set a $6.25 price target (up from $5.50) on shares of Groupon in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price target on the stock in a research report on Monday, November 6th. Finally, Jefferies Group LLC restated a “hold” rating and set a $4.00 price target on shares of Groupon in a research report on Thursday, October 19th. Seven equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.94.

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About Groupon

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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