Groupon, Inc. (GRPN) CAO Brian Stevens Sells 10,000 Shares of Stock
Groupon, Inc. (NASDAQ:GRPN) CAO Brian Stevens sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $4.04, for a total transaction of $40,400.00. Following the transaction, the chief accounting officer now owns 215,696 shares of the company’s stock, valued at approximately $871,411.84. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Brian Stevens also recently made the following trade(s):
- On Tuesday, May 30th, Brian Stevens sold 10,000 shares of Groupon stock. The shares were sold at an average price of $3.15, for a total transaction of $31,500.00.
Groupon, Inc. (NASDAQ:GRPN) traded down 0.25% during trading on Friday, reaching $4.07. The company had a trading volume of 3,621,510 shares. The company has a 50 day moving average price of $3.92 and a 200 day moving average price of $3.76. The company’s market capitalization is $2.26 billion. Groupon, Inc. has a 52-week low of $2.90 and a 52-week high of $5.55.
Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.06. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The company had revenue of $662.60 million for the quarter, compared to analyst estimates of $668.84 million. During the same quarter last year, the company earned ($0.01) earnings per share. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, equities analysts forecast that Groupon, Inc. will post $0.12 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Groupon, Inc. (GRPN) CAO Brian Stevens Sells 10,000 Shares of Stock” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/26/groupon-inc-grpn-cao-brian-stevens-sells-10000-shares-of-stock.html.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new position in Groupon during the second quarter worth $116,000. Raymond James Financial Services Advisors Inc. raised its position in Groupon by 14.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 58,487 shares of the coupon company’s stock worth $225,000 after buying an additional 7,407 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Groupon by 1,570.4% in the second quarter. The Manufacturers Life Insurance Company now owns 271,342 shares of the coupon company’s stock worth $1,042,000 after buying an additional 255,098 shares in the last quarter. State Street Corp raised its position in Groupon by 38.2% in the second quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock worth $33,898,000 after buying an additional 2,440,783 shares in the last quarter. Finally, Ulysses Management LLC bought a new position in Groupon during the second quarter worth $5,760,000. Institutional investors own 57.64% of the company’s stock.
Several equities analysts have recently weighed in on the stock. UBS AG reduced their price objective on shares of Groupon from $3.65 to $2.85 and set a “sell” rating for the company in a research report on Wednesday, May 31st. B. Riley upgraded shares of Groupon to a “buy” rating and set a $5.50 price objective for the company in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Barclays PLC restated an “underweight” rating and set a $3.85 price objective (up previously from $3.40) on shares of Groupon in a research report on Wednesday, August 9th. Finally, Wedbush restated a “positive” rating and set a $4.08 price objective (down previously from $4.50) on shares of Groupon in a research report on Wednesday. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Groupon has a consensus rating of “Hold” and an average target price of $4.57.
Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces around 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, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
Receive News & Stock Ratings for Groupon Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon Inc. and related stocks with our FREE daily email newsletter.