Groupon Inc (GRPN) Short Interest Update

Groupon Inc (NASDAQ:GRPN) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 40,712,193 shares, a decline of 5.5% from the November 30th total of 43,095,476 shares. Currently, 9.5% of the shares of the company are sold short. Based on an average daily volume of 9,022,078 shares, the short-interest ratio is presently 4.5 days.

A number of analysts have issued reports on GRPN shares. DA Davidson assumed coverage on shares of Groupon in a report on Friday, September 22nd. They issued a “buy” rating and a $5.00 price objective for the company. Piper Jaffray Companies reaffirmed a “buy” rating and set a $5.50 price target on shares of Groupon in a report on Thursday, September 21st. Vetr downgraded shares of Groupon from a “strong-buy” rating to a “buy” rating and set a $5.83 price target for the company. in a report on Wednesday, October 4th. B. Riley upped their price target on shares of Groupon from $5.50 to $6.30 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Gabelli started coverage on shares of Groupon in a report on Tuesday, October 17th. They set a “buy” rating and a $7.00 price target for the company. Six research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $5.02.

In related news, insider James Sullivan sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $5.29, for a total value of $132,250.00. Following the transaction, the insider now owns 350,919 shares in the company, valued at approximately $1,856,361.51. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Brian Stevens sold 20,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,269,641.34. The disclosure for this sale can be found here. Insiders have sold a total of 1,545,000 shares of company stock worth $8,901,450 over the last 90 days. 23.40% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. AXA bought a new position in shares of Groupon in the second quarter valued at $5,332,000. Nationwide Fund Advisors bought a new position in shares of Groupon in the second quarter valued at $1,093,000. Westpac Banking Corp bought a new position in shares of Groupon in the third quarter valued at $877,000. Global X MANAGEMENT CO LLC lifted its stake in shares of Groupon by 16.2% in the third quarter. Global X MANAGEMENT CO LLC now owns 559,862 shares of the coupon company’s stock valued at $2,911,000 after buying an additional 78,027 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in shares of Groupon by 150.3% in the second quarter. Quantbot Technologies LP now owns 300,100 shares of the coupon company’s stock valued at $1,152,000 after buying an additional 180,200 shares in the last quarter. 60.01% of the stock is currently owned by hedge funds and other institutional investors.

Groupon (NASDAQ GRPN) opened at $5.11 on Friday. The stock has a market cap of $2,850.00, a price-to-earnings ratio of -34.07, a P/E/G ratio of 27.63 and a beta of 1.57. Groupon has a 12 month low of $2.90 and a 12 month high of $5.99. 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 (NASDAQ:GRPN) last issued its earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share (EPS) for the quarter. The business 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%. Groupon’s revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) earnings per share. analysts predict that Groupon will post -0.02 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This piece was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/01/14/short-interest-in-groupon-inc-grpn-drops-by-5-5.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).

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

Leave a Reply