Groupon Director Sells $165,308 in Stock (GRPN)

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Groupon (NASDAQ:GRPN) Director Theodore Leonsis sold 19,750 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $8.37, for a total value of $165,307.50. Following the completion of the sale, the director now directly owns 793,546 shares in the company, valued at approximately $6,641,980. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Groupon (NASDAQ:GRPN) traded up 0.48% during mid-day trading on Tuesday, hitting $8.38. The stock had a trading volume of 10,236,294 shares. Groupon has a 52 week low of $5.23 and a 52 week high of $12.76. The stock’s 50-day moving average is $9.45 and its 200-day moving average is $10.37. The company’s market cap is $5.726 billion.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $768.40 million for the quarter, compared to the consensus estimate of $718.04 million. Analysts expect that Groupon will post $0.11 EPS for the current fiscal year.

A number of research firms have recently commented on GRPN. Analysts at Deutsche Bank reiterated a “positive” rating on shares of Groupon in a research note on Thursday, February 27th. Separately, analysts at Zacks downgraded shares of Groupon from a “neutral” rating to an “underperform” rating in a research note on Monday, February 24th. They now have a $6.70 price target on the stock. Finally, analysts at UBS AG cut their EPS estimates on shares of Groupon in a research note on Monday. They now have a “neutral” rating and a $8.75 price target on the stock. They previously had a $11.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.41.

Groupon, Inc (NASDAQ:GRPN) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount.

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