Insider Selling: Groupon Director Sells 19,750 Shares of Stock (GRPN)

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Groupon (NASDAQ:GRPN) Director Theodore Leonsis sold 19,750 shares of the stock on the open market in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $6.42, for a total value of $126,795.00. Following the completion of the transaction, the director now directly owns 810,296 shares of the company’s stock, valued at approximately $5,202,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Groupon (NASDAQ:GRPN) traded up 0.32% during mid-day trading on Thursday, hitting $6.32. The stock had a trading volume of 1,158,668 shares. Groupon has a 52-week low of $5.18 and a 52-week high of $12.76. The stock has a 50-day moving average of $6.27 and a 200-day moving average of $8.04. The company’s market cap is $4.311 billion. Groupon also was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 80,506,749 shares, an increase of 6.0% from the June 13th total of 75,974,617 shares. Approximately 17.7% of the shares of the company are sold short. Based on an average daily trading volume, of 15,884,651 shares, the short-interest ratio is presently 5.1 days.

Groupon (NASDAQ:GRPN) last announced its earnings results on Tuesday, May 6th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.02. The company had revenue of $757.60 million for the quarter, compared to the consensus estimate of $738.40 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 26.0% on a year-over-year basis. On average, analysts predict that Groupon will post $0.10 earnings per share for the current fiscal year.

GRPN has been the subject of a number of recent research reports. Analysts at ISI Group initiated coverage on shares of Groupon in a research note on Tuesday, July 8th. They set a “buy” rating and a $9.50 price target on the stock. Separately, analysts at B. Riley upgraded shares of Groupon from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 8th. They now have a $9.50 price target on the stock. Finally, analysts at Zacks upgraded shares of Groupon from an “underperform” rating to a “neutral” rating in a research note on Friday, June 27th. They now have a $7.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.93.

Groupon, Inc (NASDAQ:GRPN) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount.

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