Groupon (NASDAQ:GRPN) saw unusually large options trading on Thursday. Stock traders acquired 14,953 put options on the stock, Analyst Ratings Network reports. This is an increase of approximately 118% compared to the average daily volume of 6,859 put options.
In other Groupon news, CFO Jason Child sold 40,000 shares of Groupon stock on the open market in a transaction dated Monday, September 23rd. The stock was sold at an average price of $11.98, for a total value of $479,200.00. Following the completion of the sale, the chief financial officer now directly owns 300,778 shares in the company, valued at approximately $3,603,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on GRPN shares. Analysts at Stifel Nicolaus upgraded shares of Groupon (NASDAQ:GRPN) from a “hold” rating to a “buy” rating in a research note to investors on Thursday, September 19th. They now have a $16.00 price target on the stock, down previously from $84.00. Separately, analysts at Morgan Stanley upgraded shares of Groupon (NASDAQ:GRPN) from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, September 5th. They now have a $14.00 price target on the stock, up previously from $11.00. Finally, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Groupon (NASDAQ:GRPN) in a research note to investors on Friday, August 16th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $9.84.
Groupon (NASDAQ:GRPN) traded down 3.99% on Thursday, hitting $11.30. 33,238,404 shares of the company’s stock traded hands. Groupon has a 52 week low of $2.60 and a 52 week high of $12.76. The stock’s 50-day moving average is $10.89 and its 200-day moving average is $8.23. The company’s market cap is $7.521 billion.
Groupon (NASDAQ:GRPN) last released its earnings data on Wednesday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $608.70 million for the quarter, compared to the consensus estimate of $606.23 million. During the same quarter last year, the company posted $0.04 earnings per share. Groupon’s revenue was up 7.1% compared to the same quarter last year. Analysts expect that Groupon will post $0.13 EPS for the current fiscal year.
Groupon, Inc offers online retail services. The Company provides daily deal on the stuff to do, eat, see and buy in more than 500 markets in 44 countries.
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