Jan Barta Buys 128,490 Shares of Groupon, Inc. (NASDAQ:GRPN) Stock

Groupon, Inc. (NASDAQ:GRPN – Get Rating) insider Jan Barta acquired 128,490 shares of the firm’s stock in a transaction that occurred on Friday, April 8th. The stock was acquired at an average price of $20.36 per share, for a total transaction of $2,616,056.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jan Barta also recently made the following trade(s):

• On Monday, April 11th, Jan Barta acquired 119,454 shares of Groupon stock. The shares were bought at an average cost of $19.85 per share, with a total value of $2,371,161.90.
• On Wednesday, April 6th, Jan Barta acquired 181,185 shares of Groupon stock. The shares were bought at an average cost of $19.96 per share, with a total value of $3,616,452.60.
• On Monday, April 4th, Jan Barta acquired 57,209 shares of Groupon stock. The shares were bought at an average cost of $19.90 per share, with a total value of $1,138,459.10.
• On Thursday, March 31st, Jan Barta bought 82,126 shares of Groupon stock. The shares were acquired at an average cost of $19.25 per share, with a total value of $1,580,925.50.

Shares of NASDAQ GRPN traded down $0.62 during mid-day trading on Monday, reaching $19.44. The company had a trading volume of 756,283 shares, compared to its average volume of 1,386,517. The business has a 50-day moving average price of $20.90. The stock has a market capitalization of $580.44 million, a PE ratio of 5.37 and a beta of 2.29. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.93. Groupon, Inc. has a 1-year low of $16.37 and a 1-year high of $55.37.

Groupon (NASDAQ:GRPN – Get Rating) last issued its quarterly earnings results on Monday, February 28th. The coupon company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.07. Groupon had a return on equity of 9.04% and a net margin of 12.27%. The firm had revenue of $223.16 million for the quarter, compared to analysts’ expectations of $224.59 million. During the same quarter last year, the business posted $0.29 EPS. Groupon’s revenue was down 34.9% on a year-over-year basis. Sell-side analysts predict that Groupon, Inc. will post -0.38 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of GRPN. Wells Fargo & Company MN grew its stake in Groupon by 96.1% during the 4th quarter. Wells Fargo & Company MN now owns 64,875 shares of the coupon company’s stock valued at $1,502,000 after acquiring an additional 31,796 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Groupon by 227.4% during the 4th quarter. Allianz Asset Management GmbH now owns 36,760 shares of the coupon company’s stock valued at $851,000 after acquiring an additional 25,532 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Groupon by 9.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 997,763 shares of the coupon company’s stock valued at $23,109,000 after acquiring an additional 84,063 shares in the last quarter. California State Teachers Retirement System grew its stake in Groupon by 3.4% during the 4th quarter. California State Teachers Retirement System now owns 34,091 shares of the coupon company’s stock valued at $790,000 after acquiring an additional 1,125 shares in the last quarter. Finally, SG3 Management LLC purchased a new position in Groupon during the 4th quarter valued at about $463,000. Hedge funds and other institutional investors own 90.52% of the company’s stock.

A number of analysts recently issued reports on the stock. StockNews.com began coverage on shares of Groupon in a research report on Thursday, March 31st. They set a “hold” rating for the company. JPMorgan Chase & Co. reduced their target price on Groupon from $38.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, December 15th. Barclays reduced their target price on Groupon from $23.00 to $20.00 in a research note on Wednesday, March 2nd. Ascendiant Capital Markets reduced their target price on Groupon from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 24th. Finally, Wedbush reduced their target price on Groupon from $30.00 to $22.00 in a research note on Wednesday, March 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $25.80.

About Groupon (Get Rating)

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.

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