Groupon, Inc. (GRPN) Short Interest Update
Groupon, Inc. (NASDAQ:GRPN) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 32,517,948 shares, a drop of 5.1% from the August 15th total of 34,252,685 shares. Currently, 7.6% of the shares of the stock are short sold. Based on an average daily volume of 5,307,758 shares, the short-interest ratio is currently 6.1 days.
In other Groupon news, CAO Brian Stevens sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $4.04, for a total value of $40,400.00. Following the transaction, the chief accounting officer now owns 215,696 shares in the company, valued at approximately $871,411.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Sullivan sold 25,000 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $3.96, for a total value of $99,000.00. Following the completion of the transaction, the insider now owns 343,353 shares in the company, valued at approximately $1,359,677.88. The disclosure for this sale can be found here. Insiders sold a total of 2,847,719 shares of company stock worth $12,252,767 in the last 90 days. 23.40% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in GRPN. First Trust Advisors LP raised its holdings in shares of Groupon by 43.4% in the 2nd quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock worth $62,685,000 after purchasing an additional 4,937,648 shares during the period. State Street Corp raised its holdings in shares of Groupon by 38.2% in the 2nd quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock worth $33,898,000 after purchasing an additional 2,440,783 shares during the period. Vanguard Group Inc. raised its holdings in shares of Groupon by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock worth $124,620,000 after purchasing an additional 2,430,907 shares during the period. Bogle Investment Management L P DE purchased a new position in shares of Groupon in the 1st quarter worth about $8,941,000. Finally, Crawford Lake Capital Management LLC purchased a new position in shares of Groupon in the 1st quarter worth about $7,033,000. Institutional investors own 56.10% of the company’s stock.
Shares of Groupon (GRPN) opened at 4.41 on Monday. Groupon has a 12 month low of $2.90 and a 12 month high of $5.53. The company’s 50 day moving average price is $4.15 and its 200-day moving average price is $3.78. The firm’s market capitalization is $2.45 billion.
Groupon (NASDAQ:GRPN) last released its earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $662.60 million for the quarter, compared to the consensus estimate of $668.84 million. During the same period in the prior year, the business posted ($0.01) earnings per share. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, equities analysts predict that Groupon will post $0.12 earnings per share for the current fiscal year.
A number of research analysts have weighed in on GRPN shares. UBS AG decreased their price objective on Groupon from $3.65 to $2.85 and set a “sell” rating on the stock in a report on Wednesday, May 31st. ValuEngine lowered Groupon from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. BidaskClub upgraded Groupon from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th. Cowen and Company restated an “underperform” rating and issued a $3.00 price objective on shares of Groupon in a report on Wednesday, June 28th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $5.50 price objective on shares of Groupon in a report on Wednesday, June 28th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $4.57.
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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).
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