Eric P. Lefkofsky Sells 1,500,000 Shares of Groupon Inc (GRPN) Stock

Groupon Inc (NASDAQ:GRPN) Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $5.77, for a total transaction of $8,655,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Groupon Inc (NASDAQ:GRPN) opened at $5.81 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.86 and a current ratio of 0.86. Groupon Inc has a 12-month low of $2.90 and a 12-month high of $5.99.

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

A number of analysts recently issued reports on the company. Vetr raised Groupon from a “hold” rating to a “buy” rating and set a $6.09 target price for the company in a research note on Monday, December 4th. DA Davidson reaffirmed a “buy” rating on shares of Groupon in a research note on Thursday, November 30th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $6.25 price target on shares of Groupon in a research note on Monday, November 20th. Zacks Investment Research raised shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price target for the company in a research note on Monday, November 6th. Finally, TheStreet raised shares of Groupon from a “d” rating to a “c-” rating in a research note on Thursday, November 2nd. Six research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Groupon presently has a consensus rating of “Hold” and an average target price of $4.99.

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Groupon by 8.1% during the second quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock worth $124,620,000 after purchasing an additional 2,430,907 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Groupon by 43.4% during the second quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock worth $62,685,000 after purchasing an additional 4,937,648 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Groupon by 28.7% during the third quarter. Allianz Asset Management GmbH now owns 8,925,535 shares of the coupon company’s stock worth $46,413,000 after purchasing an additional 1,989,085 shares during the last quarter. State Street Corp grew its holdings in shares of Groupon by 38.2% during the second quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock worth $33,898,000 after purchasing an additional 2,440,783 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of Groupon by 40.2% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,451,180 shares of the coupon company’s stock worth $43,946,000 after purchasing an additional 2,421,825 shares during the last quarter. Hedge funds and other institutional investors own 60.04% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.dispatchtribunal.com/2017/12/10/eric-p-lefkofsky-sells-1500000-shares-of-groupon-inc-grpn-stock.html.

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).

Insider Buying and Selling by Quarter for Groupon (NASDAQ:GRPN)

Receive News & Ratings for Groupon Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply