Groupon, Inc. (NASDAQ:GRPN) Director Sells $52,017.05 in Stock

Groupon, Inc. (NASDAQ:GRPN) Director Robert J. Bass sold 4,583 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $11.35, for a total transaction of $52,017.05. Following the sale, the director now directly owns 104,731 shares of the company’s stock, valued at approximately $1,188,696.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Groupon Stock Up 2.8 %

Shares of Groupon stock traded up $0.29 during midday trading on Friday, hitting $10.63. The company’s stock had a trading volume of 1,156,961 shares, compared to its average volume of 1,261,112. The firm has a market capitalization of $420.32 million, a P/E ratio of -8.24 and a beta of 1.83. Groupon, Inc. has a 1-year low of $7.01 and a 1-year high of $19.56. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 5.62. The stock has a 50-day simple moving average of $14.96 and a 200-day simple moving average of $14.62.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Thursday, May 9th. The coupon company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.19. The company had revenue of $123.08 million during the quarter, compared to the consensus estimate of $118.37 million. During the same quarter last year, the firm earned ($0.70) EPS. As a group, sell-side analysts expect that Groupon, Inc. will post 0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GRPN. Roth Mkm reduced their target price on shares of Groupon from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Northland Capmk raised shares of Groupon to a “strong-buy” rating in a report on Wednesday, July 10th. Finally, Northland Securities decreased their target price on Groupon from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.50.

Institutional Trading of Groupon

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP bought a new position in Groupon in the 2nd quarter worth approximately $1,463,000. Jupiter Asset Management Ltd. lifted its position in Groupon by 86.1% during the second quarter. Jupiter Asset Management Ltd. now owns 60,961 shares of the coupon company’s stock valued at $933,000 after purchasing an additional 28,208 shares in the last quarter. Headlands Technologies LLC increased its holdings in Groupon by 1,848.8% in the 2nd quarter. Headlands Technologies LLC now owns 22,879 shares of the coupon company’s stock valued at $350,000 after acquiring an additional 21,705 shares during the last quarter. Weil Company Inc. boosted its holdings in shares of Groupon by 8.5% in the 2nd quarter. Weil Company Inc. now owns 38,291 shares of the coupon company’s stock worth $586,000 after purchasing an additional 3,000 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Groupon by 3,380.4% during the 2nd quarter. Rhumbline Advisers now owns 31,428 shares of the coupon company’s stock worth $481,000 after acquiring an additional 30,525 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Groupon Company Profile

Groupon, Inc, together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants. It serves customers through its mobile applications and websites.