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

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Groupon (NASDAQ:GRPN) Director Theodore Leonsis unloaded 19,750 shares of Groupon stock on the open market in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $7.03, for a total value of $138,842.50. Following the completion of the sale, the director now directly owns 810,296 shares in the company, valued at approximately $5,696,381. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Groupon (NASDAQ:GRPN) remained flat at $6.95 during during mid-day trading trading on Tuesday. The stock had a trading volume of 10,122,446 shares. Groupon has a one year low of $5.18 and a one year high of $12.76. The stock has a 50-day moving average of $6.51 and a 200-day moving average of $6.7. The company’s market cap is $4.652 billion.

Groupon (NASDAQ:GRPN) last released its earnings data on Tuesday, August 5th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.01. The company had revenue of $751.60 million for the quarter, compared to the consensus estimate of $762.07 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 23.5% on a year-over-year basis. On average, analysts predict that Groupon will post $0.08 earnings per share for the current fiscal year.

GRPN has been the subject of a number of recent research reports. Analysts at RBC Capital upgraded shares of Groupon from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, September 2nd. They now have a $6.00 price target on the stock, up previously from $5.00. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Groupon in a research note on Friday, August 8th. They now have a $6.25 price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Groupon in a research note on Wednesday, August 6th. They now have a $6.50 price target on the stock, down previously from $10.00. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $8.41.

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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