Groupon, Inc. (NASDAQ:GRPN – Get Free Report) 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 – Get Free Report) 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
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.
Read Our Latest Report on GRPN
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.
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