Groupon, Inc. (NASDAQ:GRPN) Director Jason Harinstein Buys 15,000 Shares

Groupon, Inc. (NASDAQ:GRPN) Director Jason Harinstein acquired 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $10.61 per share, with a total value of $159,150.00. Following the transaction, the director now directly owns 55,658 shares of the company’s stock, valued at $590,531.38. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Groupon Price Performance

Shares of NASDAQ:GRPN traded up $0.29 during trading on Friday, hitting $10.63. 1,156,961 shares of the company were exchanged, compared to its average volume of 1,261,112. Groupon, Inc. has a 1-year low of $7.01 and a 1-year high of $19.56. The company has a market capitalization of $420.32 million, a P/E ratio of -8.29 and a beta of 1.83. 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 business’s 50 day moving average is $15.06 and its 200-day moving average is $14.63.

Groupon (NASDAQ:GRPN) last posted its earnings results on Thursday, May 9th. The coupon company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.19. The firm had revenue of $123.08 million during the quarter, compared to the consensus estimate of $118.37 million. During the same quarter in the prior year, the business posted ($0.70) earnings per share. Equities analysts forecast that Groupon, Inc. will post 0.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. 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 research report on Wednesday, July 31st. Northland Capmk upgraded Groupon to a “strong-buy” rating in a research note on Wednesday, July 10th. Finally, Northland Securities reduced their target price on Groupon from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Groupon has a consensus rating of “Hold” and an average price target of $13.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Groupon by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,122,050 shares of the coupon company’s stock worth $17,190,000 after acquiring an additional 26,661 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Groupon during the fourth quarter worth $113,000. Raymond James & Associates bought a new stake in shares of Groupon in the fourth quarter worth $202,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Groupon by 6.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,723 shares of the coupon company’s stock worth $536,000 after purchasing an additional 2,355 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Groupon in the fourth quarter valued at $25,000. Institutional investors and hedge funds 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.