Insider Selling: Groupon Inc Common Stock (GRPN) Director Sells 1,500,000 Shares of Stock

Groupon Inc Common Stock (NASDAQ:GRPN) Director Eric P. Lefkofsky sold 1,500,000 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $3.82, for a total value of $5,730,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NASDAQ GRPN opened at $4.00 on Friday. The company has a market cap of $2.18 billion, a PE ratio of -133.33, a P/E/G ratio of 21.89 and a beta of 1.59. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.92 and a current ratio of 0.92. Groupon Inc Common Stock has a fifty-two week low of $3.72 and a fifty-two week high of $5.99.

Groupon Inc Common Stock (NASDAQ:GRPN) last released its earnings results on Friday, August 3rd. The coupon company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). The company had revenue of $617.40 million for the quarter, compared to the consensus estimate of $632.20 million. Groupon Inc Common Stock had a negative net margin of 1.97% and a negative return on equity of 27.12%. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 EPS. equities analysts expect that Groupon Inc Common Stock will post 0.06 earnings per share for the current year.

Several analysts have recently issued reports on the company. Wedbush reaffirmed a “neutral” rating and set a $4.00 price objective on shares of Groupon Inc Common Stock in a report on Thursday. BidaskClub downgraded Groupon Inc Common Stock from a “sell” rating to a “strong sell” rating in a research report on Friday, September 7th. Zacks Investment Research downgraded Groupon Inc Common Stock from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Barclays reissued a “sell” rating and set a $4.50 target price on shares of Groupon Inc Common Stock in a research report on Sunday, August 5th. Finally, Morgan Stanley boosted their target price on Groupon Inc Common Stock from $4.60 to $4.80 and gave the company an “equal weight” rating in a research report on Wednesday, July 11th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Groupon Inc Common Stock has an average rating of “Hold” and an average price target of $5.54.

A number of institutional investors have recently made changes to their positions in the business. River & Mercantile Asset Management LLP grew its position in Groupon Inc Common Stock by 1.4% in the 1st quarter. River & Mercantile Asset Management LLP now owns 823,976 shares of the coupon company’s stock valued at $3,572,000 after acquiring an additional 11,516 shares during the last quarter. MetLife Investment Advisors LLC grew its position in Groupon Inc Common Stock by 8.3% in the 1st quarter. MetLife Investment Advisors LLC now owns 153,692 shares of the coupon company’s stock valued at $667,000 after acquiring an additional 11,764 shares during the last quarter. Baker Avenue Asset Management LP grew its position in Groupon Inc Common Stock by 5.7% in the 1st quarter. Baker Avenue Asset Management LP now owns 244,639 shares of the coupon company’s stock valued at $1,062,000 after acquiring an additional 13,173 shares during the last quarter. CWM LLC grew its position in Groupon Inc Common Stock by 2.3% in the 2nd quarter. CWM LLC now owns 660,215 shares of the coupon company’s stock valued at $2,839,000 after acquiring an additional 14,592 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Groupon Inc Common Stock by 115.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,063 shares of the coupon company’s stock valued at $138,000 after acquiring an additional 17,167 shares during the last quarter. 66.82% of the stock is currently owned by institutional investors.

Groupon Inc Common Stock Company Profile

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

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

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