Groupon Inc (NASDAQ:GRPN) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 42,810,771 shares, a decline of 10.2% from the February 15th total of 47,681,536 shares. Currently, 10.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,617,647 shares, the short-interest ratio is currently 4.5 days.
GRPN has been the topic of a number of research analyst reports. Vetr raised shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.79 price objective on the stock in a report on Tuesday, December 12th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $4.80 price target on shares of Groupon in a report on Thursday, February 15th. Morgan Stanley raised shares of Groupon from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $4.27 to $4.00 in a report on Monday, March 5th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $6.25 price target on shares of Groupon in a report on Monday, November 20th. Finally, BidaskClub downgraded shares of Groupon from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $5.06.
Groupon (NASDAQ:GRPN) opened at $4.63 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $2,690.00, a P/E ratio of 231.50, a PEG ratio of 20.19 and a beta of 1.61. Groupon has a 52-week low of $2.90 and a 52-week high of $5.99.
In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $4.60, for a total transaction of $6,900,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Brian Stevens sold 15,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $4.61, for a total transaction of $69,150.00. Following the sale, the chief accounting officer now directly owns 232,751 shares in the company, valued at approximately $1,072,982.11. The disclosure for this sale can be found here. 23.40% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of GRPN. Dimensional Fund Advisors LP acquired a new position in shares of Groupon in the second quarter valued at approximately $2,745,000. The Manufacturers Life Insurance Company raised its position in shares of Groupon by 1,570.4% in the second quarter. The Manufacturers Life Insurance Company now owns 271,342 shares of the coupon company’s stock valued at $1,042,000 after buying an additional 255,098 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Groupon by 14.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 58,487 shares of the coupon company’s stock valued at $225,000 after buying an additional 7,407 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of Groupon in the third quarter valued at approximately $122,000. Finally, Global X MANAGEMENT CO LLC increased its position in Groupon by 16.2% during the third quarter. Global X MANAGEMENT CO LLC now owns 559,862 shares of the coupon company’s stock worth $2,911,000 after purchasing an additional 78,027 shares during the last quarter. 63.58% of the stock is owned by institutional investors and hedge funds.
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).
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