Groupon, Inc. (NASDAQ:GRPN) insider James Sullivan sold 25,000 shares of the business’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 $1,856,361.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
James Sullivan also recently made the following trade(s):
- On Thursday, September 28th, James Sullivan sold 25,000 shares of Groupon stock. The shares were sold at an average price of $4.90, for a total value of $122,500.00.
Groupon, Inc. (GRPN) traded up $0.03 during trading hours on Friday, reaching $5.47. The company’s stock had a trading volume of 8,076,152 shares, compared to its average volume of 8,718,025. Groupon, Inc. has a 12-month low of $2.90 and a 12-month high of $5.67. 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 posted its quarterly earnings data on Wednesday, November 1st. The coupon company reported $0.01 earnings per share (EPS) for the quarter. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The firm had revenue of $634.46 million for the quarter, compared to the consensus estimate of $642.62 million. During the same quarter in the prior year, the business earned ($0.01) EPS. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. analysts expect that Groupon, Inc. will post -0.02 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “Groupon, Inc. (GRPN) Insider James Sullivan Sells 25,000 Shares” was posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://transcriptdaily.com/2017/11/18/groupon-inc-grpn-insider-james-sullivan-sells-25000-shares.html.
Large investors have recently bought and sold shares of the business. Aperio Group LLC lifted its holdings in Groupon by 4.6% during the 2nd quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after buying an additional 1,268 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Groupon during the 2nd quarter worth $116,000. Prudential Financial Inc. lifted its holdings in Groupon by 157.7% during the 2nd quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock worth $122,000 after buying an additional 19,408 shares in the last quarter. ProShare Advisors LLC acquired a new position in Groupon during the 2nd quarter worth $122,000. Finally, New York State Teachers Retirement System acquired a new position in Groupon during the 3rd quarter worth $122,000. 55.03% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the company. Citigroup Inc. boosted their price target on Groupon from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Gabelli assumed coverage on Groupon in a research note on Tuesday, October 17th. They set a “buy” rating and a $7.00 price target on the stock. BidaskClub lowered Groupon from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Barclays PLC restated an “underweight” rating and set a $3.85 price target (up from $3.40) on shares of Groupon in a research note on Wednesday, August 9th. Finally, Cowen and Company restated a “sell” rating and set a $3.50 price target on shares of Groupon in a research note on Thursday, August 3rd. Seven investment 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 stock. The company currently has an average rating of “Hold” and an average target price of $4.94.
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon Inc. and related companies with MarketBeat.com's FREE daily email newsletter.