Groupon Target of Unusually High Options Trading (NASDAQ:GRPN)

Groupon, Inc. (NASDAQ:GRPNGet Free Report) was the target of unusually large options trading on Monday. Investors bought 11,468 call options on the company. This is an increase of 70% compared to the typical daily volume of 6,747 call options.

Groupon Stock Performance

GRPN stock traded down $2.93 on Monday, reaching $23.12. The company’s stock had a trading volume of 1,345,966 shares, compared to its average volume of 1,634,109. The firm has a market cap of $878.06 million, a PE ratio of -8.85 and a beta of 0.23. The business has a fifty day simple moving average of $19.34 and a two-hundred day simple moving average of $15.73. Groupon has a 12-month low of $9.17 and a 12-month high of $43.08.

Groupon (NASDAQ:GRPNGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The coupon company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). The business had revenue of $117.20 million for the quarter, compared to analyst estimates of $117.65 million. As a group, research analysts anticipate that Groupon will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of Groupon

Several large investors have recently bought and sold shares of GRPN. Versant Capital Management Inc grew its holdings in shares of Groupon by 92.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,299 shares of the coupon company’s stock worth $31,000 after acquiring an additional 625 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Groupon during the third quarter valued at approximately $32,000. Johnson Financial Group Inc. purchased a new stake in Groupon in the fourth quarter worth $35,000. Quarry LP grew its stake in Groupon by 48.1% in the third quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock worth $45,000 after purchasing an additional 629 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Groupon in the second quarter worth $69,000. 90.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. The Goldman Sachs Group reissued a “sell” rating and set a $13.00 price objective (up from $10.00) on shares of Groupon in a research note on Tuesday, May 12th. Citigroup reiterated an “outperform” rating on shares of Groupon in a report on Tuesday, June 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Groupon in a research report on Tuesday, June 9th. Wall Street Zen cut shares of Groupon from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Northland Securities set a $26.00 price objective on shares of Groupon in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.50.

Read Our Latest Report on Groupon

Groupon Company Profile

(Get Free Report)

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.

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