Groupon Inc. (NASDAQ:GRPN) insider James Sullivan sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $3.80, for a total transaction of $76,000.00. Following the completion of the transaction, the insider now owns 302,173 shares of the company’s stock, valued at $1,148,257.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Groupon Inc. (NASDAQ:GRPN) opened at 4.00 on Tuesday. The stock’s 50 day moving average is $4.72 and its 200 day moving average is $4.35. The firm’s market cap is $2.29 billion. Groupon Inc. has a 12 month low of $2.15 and a 12 month high of $5.94.

Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, October 26th. The coupon company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. Groupon had a negative net margin of 6.03% and a negative return on equity of 29.46%. The firm earned $720.50 million during the quarter, compared to the consensus estimate of $710.82 million. During the same quarter in the previous year, the company posted $0.05 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its position in shares of Groupon by 3.8% in the second quarter. Legal & General Group Plc now owns 37,848 shares of the coupon company’s stock valued at $123,000 after buying an additional 1,369 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Groupon by 8.3% in the third quarter. HighTower Advisors LLC now owns 45,239 shares of the coupon company’s stock valued at $233,000 after buying an additional 3,480 shares during the last quarter. Amalgamated Bank increased its position in shares of Groupon by 9.8% in the second quarter. Amalgamated Bank now owns 58,455 shares of the coupon company’s stock valued at $344,000 after buying an additional 5,219 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Groupon by 9.6% in the second quarter. Teacher Retirement System of Texas now owns 61,190 shares of the coupon company’s stock valued at $199,000 after buying an additional 5,343 shares during the last quarter. Finally, Princeton Alpha Management LP increased its position in shares of Groupon by 11.6% in the second quarter. Princeton Alpha Management LP now owns 63,743 shares of the coupon company’s stock valued at $207,000 after buying an additional 6,613 shares during the last quarter. 55.21% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the stock. B. Riley reiterated a “neutral” rating and issued a $4.50 target price on shares of Groupon in a research note on Thursday, July 28th. Royal Bank Of Canada upped their price objective on shares of Groupon from $3.00 to $4.00 and gave the stock an “underperform” rating in a research report on Thursday, July 28th. Jefferies Group upped their price objective on shares of Groupon from $3.50 to $4.75 and gave the stock a “hold” rating in a research report on Thursday, July 28th. Piper Jaffray Cos. upgraded shares of Groupon from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $4.00 to $6.00 in a research report on Monday, July 18th. Finally, Credit Suisse Group AG restated a “neutral” rating and set a $5.00 price objective on shares of Groupon in a research report on Thursday, July 28th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Groupon currently has an average rating of “Hold” and a consensus price target of $7.08.

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).

5 Day Chart for NASDAQ:GRPN

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