Groupon Inc (NASDAQ:GRPN) Short Interest Down 5.6% in June

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Groupon Inc (NASDAQ:GRPN) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 20,742,600 shares, a drop of 5.6% from the May 30th total of 21,968,600 shares. Based on an average daily volume of 4,170,000 shares, the short-interest ratio is presently 5.0 days. Currently, 4.4% of the shares of the company are short sold.

Groupon stock traded up $0.01 during midday trading on Tuesday, hitting $3.45. 18,249 shares of the stock were exchanged, compared to its average volume of 4,177,247. Groupon has a fifty-two week low of $2.80 and a fifty-two week high of $5.52. The firm has a market cap of $1.96 billion, a PE ratio of 38.33 and a beta of 1.29. The stock’s 50-day moving average price is $3.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.02 and a quick ratio of 1.02.

Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Tuesday, April 30th. The coupon company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. Groupon had a negative net margin of 1.80% and a positive return on equity of 18.28%. The firm had revenue of $578.40 million during the quarter, compared to analysts’ expectations of $552.97 million. During the same period last year, the business earned $0.03 earnings per share. Groupon’s revenue was down 7.7% compared to the same quarter last year. As a group, equities analysts anticipate that Groupon will post 0.09 EPS for the current fiscal year.

In other Groupon news, Director Eric P. Lefkofsky sold 3,000,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $3.50, for a total value of $10,500,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. 15.50% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC acquired a new stake in shares of Groupon during the first quarter valued at about $38,000. Moors & Cabot Inc. acquired a new stake in shares of Groupon during the first quarter valued at about $40,000. Hellman Jordan Management Co. Inc. MA purchased a new position in shares of Groupon in the first quarter valued at approximately $48,000. Piedmont Investment Advisors Inc. purchased a new position in Groupon in the first quarter worth approximately $48,000. Finally, Marathon Trading Investment Management LLC purchased a new position in Groupon in the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 67.63% of the company’s stock.

Several equities analysts recently commented on the company. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research downgraded shares of Wix.Com from a “hold” rating to a “sell” rating in a research report on Monday, April 8th. Finally, BidaskClub cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.22.

About Groupon

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.

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