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.
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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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