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

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

Groupon Stock Performance

Shares of Groupon stock traded up $0.29 on Friday, reaching $10.63. The stock had a trading volume of 1,156,961 shares, compared to its average volume of 1,261,112. The stock has a market cap of $420.32 million, a P/E ratio of -8.24 and a beta of 1.83. Groupon, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $19.56. The business’s 50-day moving average price is $14.96 and its two-hundred day moving average price is $14.62. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.93 and a current ratio of 0.94.

Groupon (NASDAQ:GRPN) last posted its earnings results on Thursday, May 9th. The coupon company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.19. The business had revenue of $123.08 million for the quarter, compared to the consensus estimate of $118.37 million. During the same period in the previous year, the company posted ($0.70) earnings per share. On average, sell-side analysts forecast that Groupon, Inc. will post 0.02 EPS for the current year.

Hedge Funds Weigh In On Groupon

A number of large investors have recently modified their holdings of the company. Pale Fire Capital SE boosted its position in shares of Groupon by 4.8% during the 4th quarter. Pale Fire Capital SE now owns 7,040,410 shares of the coupon company’s stock valued at $90,399,000 after acquiring an additional 323,344 shares during the last quarter. Vanguard Group Inc. increased its position in Groupon by 2.4% in the third quarter. Vanguard Group Inc. now owns 1,122,050 shares of the coupon company’s stock worth $17,190,000 after buying an additional 26,661 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Groupon during the first quarter worth about $437,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Groupon by 41.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,163 shares of the coupon company’s stock valued at $789,000 after buying an additional 17,440 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Groupon in the 1st quarter valued at approximately $711,000. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.