The stock of Groupon Inc. (NASDAQ:GRPN) last traded at $12.18, up 3.44% from the previous session.
Data from the available sources indicates that Groupon Inc. (NASDAQ:GRPN) is covered by 5 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $8.50 and a low of $4.00, we find $7.00. Given the previous closing price of $11.77, this indicates a potential downside of -40.53 percent. GRPN stock price is now 66.95% away from the 50-day moving average and 86.39% away from the 200-day moving average. The market capitalization of the company currently stands at $395.85M.
In total, 1 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $6.63 as their price target over the next twelve months.
In other news, Barta Jan, Director bought 6,716,966 shares of the company’s stock on Dec 20. The stock was bought for $48,899,512 at an average price of $7.28. Upon completion of the transaction, the Director now directly owns 6,716,966 shares in the company, valued at $81.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 20, Director Barta Jan sold 5,110,558 shares of the business’s stock. A total of $37,204,862 was realized by selling the stock at an average price of $7.28. Insiders disposed of 5,205,334 shares of company stock worth roughly $63.4 million over the past 1 year. A total of 10.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GRPN stock. A new stake in Groupon Inc. shares was purchased by GARNET EQUITY CAPITAL HOLDINGS, INC. during the first quarter worth $8,073,000. GROUP ONE TRADING, L.P. invested $5,331,000 in shares of GRPN during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in Groupon Inc. valued at approximately $3,681,000. SCOGGIN MANAGEMENT LP acquired a new stake in GRPN for approximately $3,654,000. BALYASNY ASSET MANAGEMENT L.P. purchased a new stake in GRPN valued at around $2,204,000 in the second quarter. In total, there are 139 active investors with 61.40% ownership of the company’s stock.
With an opening price of $13.39 on Thursday morning, Groupon Inc. (NASDAQ: GRPN) set off the trading day. During the past 12 months, Groupon Inc. has had a low of $2.89 and a high of $12.66. The fifty day moving average price for GRPN is $7.44 and a two-hundred day moving average price translates $6.56 for the stock.
The latest earnings results from Groupon Inc. (NASDAQ: GRPN) was released for Jun, 2023. According to the Internet Content & Information Company, earnings per share came in at -$0.1, beating analysts’ expectations of -$0.18 by 0.08. This compares to -$3.00 EPS in the same period last year. The net profit margin was -40.90% and return on equity was -458.10% for GRPN. The company reported revenue of $129.11 million for the quarter, compared to $153.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.73 percent. For the current quarter, analysts expect GRPN to generate $126.89M in revenue.
Groupon Inc.(GRPN) 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; and first-party goods inventory. It serves customers through its mobile applications and websites. The company was formerly known as ThePoint.com, Inc. and changed its name to Groupon, Inc. in October 2008. Groupon, Inc. was incorporated in 2008 and is headquartered in Chicago, Illinois.
