Groupon, Inc. (NASDAQ:GRPN) Director Jason Harinstein Acquires 15,000 Shares

Groupon, Inc. (NASDAQ:GRPN) Director Jason Harinstein bought 15,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $10.61 per share, with a total value of $159,150.00. Following the completion of the acquisition, the director now owns 55,658 shares in the company, valued at $590,531.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Groupon Stock Up 2.8 %

NASDAQ:GRPN opened at $10.63 on Monday. Groupon, Inc. has a 52 week low of $7.01 and a 52 week high of $19.56. The stock’s fifty day moving average is $14.96 and its two-hundred day moving average is $14.66. The stock has a market capitalization of $420.32 million, a price-to-earnings ratio of -8.24 and a beta of 1.83. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 5.62.

Groupon (NASDAQ:GRPN) last posted its earnings results on Thursday, May 9th. The coupon company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.19. The firm had revenue of $123.08 million for the quarter, compared to analyst estimates of $118.37 million. During the same period in the previous year, the company posted ($0.70) EPS. Research analysts anticipate that Groupon, Inc. will post 0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

GRPN has been the topic of several recent research reports. Roth Mkm lowered their price target on shares of Groupon from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Northland Capmk upgraded Groupon to a “strong-buy” rating in a report on Wednesday, July 10th. Finally, Northland Securities reduced their price objective on shares of Groupon from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Groupon has a consensus rating of “Moderate Buy” and an average price target of $17.83.

Institutional Trading of Groupon

A number of institutional investors and hedge funds have recently bought and sold shares of GRPN. Wolf Hill Capital Management LP purchased a new position in shares of Groupon in the first quarter valued at approximately $17,897,000. Hennessy Advisors Inc. purchased a new position in Groupon in the 2nd quarter valued at approximately $10,884,000. Pale Fire Capital SE grew its stake in shares of Groupon by 4.8% in the fourth quarter. Pale Fire Capital SE now owns 7,040,410 shares of the coupon company’s stock worth $90,399,000 after acquiring an additional 323,344 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Groupon by 259.3% during the second quarter. Assenagon Asset Management S.A. now owns 191,514 shares of the coupon company’s stock worth $2,930,000 after acquiring an additional 138,218 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Groupon during the second quarter worth $1,463,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Groupon Company Profile

Groupon, Inc, together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants. It serves customers through its mobile applications and websites.