Groupon Inc (NASDAQ:GRPN) shares fell 0% during trading on Friday . The company traded as low as $4.28 and last traded at $4.29. 10,502,724 shares were traded during mid-day trading, an increase of 7% from the average session volume of 9,848,936 shares. The stock had previously closed at $4.29.
A number of brokerages have recently commented on GRPN. DA Davidson reiterated a “buy” rating on shares of Groupon in a research note on Thursday, November 30th. Goldman Sachs restated a “neutral” rating and issued a $4.80 price objective on shares of Groupon in a report on Thursday, February 15th. Morgan Stanley restated a “sell” rating and issued a $4.30 price objective on shares of Groupon in a report on Thursday, February 15th. Vetr upgraded Groupon from a “hold” rating to a “strong-buy” rating and set a $6.79 price objective for the company in a report on Tuesday, December 12th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $6.25 price target on shares of Groupon in a report on Tuesday, December 12th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $5.06.
The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $2,571.82, a price-to-earnings ratio of 215.11, a price-to-earnings-growth ratio of 20.55 and a beta of 1.61.
In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $4.60, for a total transaction of $6,900,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brian Stevens sold 15,000 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $4.61, for a total value of $69,150.00. Following the sale, the chief accounting officer now owns 232,751 shares of the company’s stock, valued at $1,072,982.11. The disclosure for this sale can be found here. Company insiders own 23.40% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB acquired a new stake in Groupon during the 4th quarter worth about $192,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Groupon in the 4th quarter valued at about $1,680,000. MetLife Investment Advisors LLC acquired a new stake in shares of Groupon in the 4th quarter valued at about $724,000. Macquarie Group Ltd. grew its stake in shares of Groupon by 45.7% in the 4th quarter. Macquarie Group Ltd. now owns 162,300 shares of the coupon company’s stock valued at $828,000 after buying an additional 50,900 shares during the period. Finally, Greenhouse Funds LLLP grew its stake in shares of Groupon by 24.4% in the 4th quarter. Greenhouse Funds LLLP now owns 5,013,742 shares of the coupon company’s stock valued at $25,570,000 after buying an additional 983,481 shares during the period. Hedge funds and other institutional investors own 63.58% of the company’s stock.
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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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