Groupon, Inc. (NASDAQ:GRPN) Short Interest Update

Groupon, Inc. (NASDAQ:GRPN) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 7,750,000 shares, a growth of 5.2% from the July 15th total of 7,370,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the days-to-cover ratio is presently 5.7 days. Approximately 36.9% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GRPN shares. Roth Mkm dropped their target price on shares of Groupon from $28.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Northland Capmk raised Groupon to a “strong-buy” rating in a research note on Wednesday, July 10th. Finally, Northland Securities lowered their price target on Groupon from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Groupon presently has an average rating of “Moderate Buy” and a consensus target price of $17.83.

Insider Activity at Groupon

In other Groupon news, Director Jason Harinstein purchased 15,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $10.61 per share, for a total transaction of $159,150.00. Following the completion of the purchase, the director now directly owns 55,658 shares of the company’s stock, valued at $590,531.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Groupon news, Director Robert J. Bass sold 4,583 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $11.35, for a total value of $52,017.05. Following the sale, the director now directly owns 104,731 shares in the company, valued at $1,188,696.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jason Harinstein bought 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $10.61 per share, for a total transaction of $159,150.00. Following the completion of the transaction, the director now directly owns 55,658 shares in the company, valued at $590,531.38. The disclosure for this purchase can be found here. Company insiders own 35.70% of the company’s stock.

Hedge Funds Weigh In On Groupon

Several large investors have recently modified their holdings of GRPN. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Groupon in the fourth quarter valued at approximately $25,000. State Board of Administration of Florida Retirement System bought a new position in Groupon during the 1st quarter worth $151,000. EntryPoint Capital LLC acquired a new stake in shares of Groupon during the first quarter worth $153,000. Raymond James & Associates bought a new stake in shares of Groupon in the fourth quarter valued at about $202,000. Finally, Headlands Technologies LLC grew its stake in shares of Groupon by 1,848.8% in the second 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 in the last quarter. 90.05% of the stock is owned by institutional investors.

Groupon Trading Up 1.5 %

GRPN stock traded up $0.21 during midday trading on Tuesday, hitting $13.91. 209,062 shares of the company’s stock were exchanged, compared to its average volume of 1,259,941. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.93 and a current ratio of 0.94. The stock’s fifty day moving average price is $14.77 and its 200-day moving average price is $14.63. Groupon has a one year low of $8.08 and a one year high of $19.56. The company has a market cap of $550.02 million, a PE ratio of -10.47 and a beta of 1.83.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Tuesday, July 30th. The coupon company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.10. The business had revenue of $124.62 million during the quarter, compared to the consensus estimate of $121.70 million. During the same period in the prior year, the firm earned ($0.30) EPS. Research analysts predict that Groupon will post 0.02 earnings per share for the current fiscal year.

About Groupon

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.