The Groupon Inc (GRPN) General Counsel Sells $171,433.27 in Stock

The Groupon Inc (GRPN) General Counsel Sells $171,433.27 in Stock

Groupon Inc (NASDAQ GRPN) opened at 3.03 on Monday. The stock’s market cap is $1.70 billion. Groupon Inc has a 1-year low of $2.92 and a 1-year high of $5.94. The firm’s 50 day moving average price is $3.52 and its 200-day moving average price is $3.75.

Groupon Inc (NASDAQ:GRPN) General Counsel Dane A. Drobny sold 47,753 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $3.59, for a total value of $171,433.27. Following the completion of the sale, the general counsel now directly owns 377,721 shares in the company, valued at $1,356,018.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Groupon (NASDAQ:GRPN) last released its earnings results on Wednesday, May 3rd. The coupon company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. The company had revenue of $673.63 million during the quarter, compared to the consensus estimate of $721.93 million. Groupon had a negative net margin of 3.10% and a negative return on equity of 42.09%. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) EPS. On average, equities analysts anticipate that Groupon Inc will post $0.10 earnings per share for the current year.

Groupon (NASDAQ:GRPN) last released its earnings results on Wednesday, May 3rd. The coupon company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. The company had revenue of $673.63 million during the quarter, compared to the consensus estimate of $721.93 million. Groupon had a negative net margin of 3.10% and a negative return on equity of 42.09%. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) EPS. On average, equities analysts anticipate that Groupon Inc will post $0.10 earnings per share for the current year. A number of equities analysts have recently weighed in on GRPN shares. Vetr raised Groupon from a “buy” rating to a “strong-buy” rating and set a $5.28 price objective for the company in a research note on Wednesday, March 1st. Morgan Stanley increased their price target on Groupon from $3.60 to $3.90 and gave the company an “equal weight” rating in a research note on Thursday, February 16th. Evercore ISI raised their price objective on Groupon to $5.30 in a research note on Thursday, February 16th. Cowen and Company lowered their price objective on Groupon from $4.00 to $3.00 and set an “underperform” rating for the company in a research note on Thursday, May 4th. Finally, Citigroup Inc started coverage on Groupon in a report on Monday, March 27th. They issued a “neutral” rating and a $5.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Groupon presently has an average rating of “Hold” and a consensus target price of $4.75.

Large investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management purchased a new position in Groupon during the third quarter worth about $8,365,000. Fuller & Thaler Asset Management Inc. purchased a new position in Groupon during the third quarter worth about $10,562,000. D. E. Shaw & Co. Inc. raised its position in Groupon by 81.1% in the third quarter. D. E. Shaw & Co. Inc. now owns 7,108,667 shares of the coupon company’s stock worth $36,609,000 after buying an additional 3,183,938 shares during the last quarter. Partner Investment Management L.P. purchased a new position in Groupon during the third quarter worth about $176,000. Finally, HBK Investments L P raised its position in Groupon by 72.0% in the third quarter. HBK Investments L P now owns 1,797,012 shares of the coupon company’s stock worth $9,255,000 after buying an additional 752,108 shares during the last quarter. 59.44% of the stock is owned by institutional investors. 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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:GRPN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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