Groupon Inc. (GRPN) Short Interest Update
Groupon Inc. (NASDAQ:GRPN) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 43,271,101 shares, a drop of 4.5% from the September 15th total of 45,289,617 shares. Approximately 10.4% of the shares of the stock are short sold. Based on an average trading volume of 5,363,905 shares, the short-interest ratio is currently 8.1 days.
Several research analysts have recently issued reports on the stock. Vetr cut shares of Groupon from a “hold” rating to a “sell” rating and set a $5.37 target price on the stock. in a report on Monday, August 8th. Piper Jaffray Cos. upgraded shares of Groupon from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $4.00 to $6.00 in a report on Monday, July 18th. Jefferies Group restated a “hold” rating and issued a $4.75 target price on shares of Groupon in a report on Tuesday, September 6th. Evercore ISI restated a “hold” rating and issued a $4.00 target price on shares of Groupon in a report on Tuesday, July 26th. Finally, Zacks Investment Research cut shares of Groupon from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.53.
In other Groupon news, insider James Sullivan sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $5.81, for a total transaction of $116,200.00. Following the transaction, the insider now directly owns 299,778 shares in the company, valued at $1,741,710.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter J. Barris sold 730,349 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $5.69, for a total transaction of $4,155,685.81. Following the transaction, the director now owns 116,923 shares in the company, valued at $665,291.87. The disclosure for this sale can be found here. Company insiders own 23.86% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Invictus RG raised its position in shares of Groupon by 79.9% in the first quarter. Invictus RG now owns 30,777 shares of the coupon company’s stock worth $123,000 after buying an additional 13,670 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of Groupon during the first quarter worth $220,000. Nuveen Asset Management LLC acquired a new position in shares of Groupon during the first quarter worth $5,854,000. Renaissance Technologies LLC raised its position in shares of Groupon by 1.9% in the first quarter. Renaissance Technologies LLC now owns 12,645,900 shares of the coupon company’s stock worth $50,457,000 after buying an additional 240,700 shares in the last quarter. Finally, HBK Investments L P raised its position in shares of Groupon by 329.2% in the first quarter. HBK Investments L P now owns 3,494,900 shares of the coupon company’s stock worth $13,945,000 after buying an additional 2,680,569 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors.
Groupon (NASDAQ:GRPN) opened at 4.90 on Friday. The company’s 50-day moving average price is $5.24 and its 200 day moving average price is $4.33. The firm’s market capitalization is $2.82 billion. Groupon has a 1-year low of $2.15 and a 1-year high of $5.94.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, July 27th. The coupon company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Groupon had a negative return on equity of 14.95% and a negative net margin of 5.71%. The company had revenue of $756.03 million for the quarter, compared to analyst estimates of $710.94 million. During the same quarter in the prior year, the company posted $0.02 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year.
Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces throughout 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, the Middle East and Africa, and international operations (Rest of World).
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