Groupon Inc (NASDAQ:GRPN) Director Acquires $5,392,500.00 in Stock

Groupon Inc (NASDAQ:GRPN) Director Eric P. Lefkofsky bought 250,000 shares of Groupon stock in a transaction dated Thursday, June 18th. The shares were acquired at an average price of $21.57 per share, with a total value of $5,392,500.00. Following the completion of the purchase, the director now directly owns 1,617,952 shares in the company, valued at approximately $34,899,224.64. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of GRPN stock opened at $19.89 on Thursday. The firm has a market capitalization of $547.42 million, a P/E ratio of -2.87 and a beta of 1.76. Groupon Inc has a twelve month low of $9.60 and a twelve month high of $73.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.14. The stock’s fifty day simple moving average is $24.27 and its 200 day simple moving average is $34.28.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Tuesday, June 16th. The coupon company reported ($1.63) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.00) by $1.37. Groupon had a negative return on equity of 16.63% and a negative net margin of 9.60%. The business had revenue of $374.15 million for the quarter, compared to analyst estimates of $377.60 million. As a group, equities research analysts expect that Groupon Inc will post -7.2 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alpine Global Management LLC acquired a new position in shares of Groupon in the 1st quarter valued at about $26,000. HBW Advisory Services LLC acquired a new position in Groupon during the 1st quarter worth approximately $26,000. Toroso Investments LLC acquired a new position in Groupon during the 1st quarter worth approximately $26,000. CSat Investment Advisory L.P. raised its stake in Groupon by 83.9% during the 1st quarter. CSat Investment Advisory L.P. now owns 26,511 shares of the coupon company’s stock worth $26,000 after buying an additional 12,097 shares during the period. Finally, Two Sigma Investments LP acquired a new position in Groupon during the 1st quarter worth approximately $27,000. Hedge funds and other institutional investors own 63.68% of the company’s stock.

Several brokerages have recently commented on GRPN. BidaskClub downgraded Groupon from a “buy” rating to a “hold” rating in a research note on Thursday, May 7th. Morgan Stanley lifted their price target on Groupon from $18.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, June 19th. Credit Suisse Group dropped their price target on Groupon from $40.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. UBS Group dropped their price target on Groupon from $58.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Finally, DA Davidson lifted their price target on Groupon from $23.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $36.78.

Groupon Company Profile

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.

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