Groupon Inc (NASDAQ:GRPN) traded up 9% on Friday . The company traded as high as $5.60 and last traded at $5.57. 18,871,734 shares were traded during mid-day trading, an increase of 101% from the average session volume of 9,388,470 shares. The stock had previously closed at $5.11.
A number of equities research analysts have recently weighed in on the company. BidaskClub lowered Groupon from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Citigroup lifted their price objective on Groupon from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Gabelli assumed coverage on Groupon in a research report on Tuesday, October 17th. They issued a “buy” rating and a $7.00 price objective on the stock. Zacks Investment Research lowered Groupon from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, TheStreet upgraded Groupon from a “d” rating to a “c-” rating in a research report on Thursday, November 2nd. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Groupon presently has an average rating of “Hold” and an average target price of $5.06.
The company has a market capitalization of $3,110.00, a P/E ratio of -37.13, a P/E/G ratio of 27.16 and a beta of 1.57. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.99.
In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $5.77, for a total value of $8,655,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brian Stevens sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $5.71, for a total value of $114,200.00. Following the completion of the transaction, the chief accounting officer now owns 222,354 shares of the company’s stock, valued at approximately $1,269,641.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,545,000 shares of company stock valued at $8,901,450. 23.40% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GRPN. Ameritas Investment Partners Inc. purchased a new position in Groupon during the second quarter valued at $116,000. ProShare Advisors LLC purchased a new position in Groupon during the second quarter valued at $122,000. Prudential Financial Inc. raised its stake in Groupon by 157.7% during the second quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock valued at $122,000 after buying an additional 19,408 shares during the last quarter. New York State Teachers Retirement System purchased a new position in Groupon during the third quarter valued at $122,000. Finally, SG Americas Securities LLC raised its stake in Groupon by 24.9% during the second quarter. SG Americas Securities LLC now owns 39,212 shares of the coupon company’s stock valued at $151,000 after buying an additional 7,813 shares during the last quarter. Institutional investors own 60.01% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece was published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://sportsperspectives.com/2018/01/19/groupon-grpn-trading-9-higher.html.
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 & Ratings for Groupon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon and related companies with MarketBeat.com's FREE daily email newsletter.