Groupon, Inc. (NASDAQ:GRPN) CEO Dusan Senkypl Acquires 137,946 Shares of Stock

Groupon, Inc. (NASDAQ:GRPN) CEO Dusan Senkypl acquired 137,946 shares of the company’s stock in a transaction on Monday, November 20th. The stock was bought at an average price of $9.74 per share, for a total transaction of $1,343,594.04. Following the purchase, the chief executive officer now owns 7,040,310 shares in the company, valued at approximately $68,572,619.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Dusan Senkypl also recently made the following trade(s):

• On Friday, November 17th, Dusan Senkypl acquired 24,803 shares of Groupon stock. The stock was bought at an average price of $9.50 per share, for a total transaction of $235,628.50.

Groupon Trading Up 1.9 %

NASDAQ GRPN opened at $9.72 on Tuesday. The company has a fifty day simple moving average of $12.34 and a 200 day simple moving average of $8.96. The company has a market cap of $309.58 million, a P/E ratio of -2.16 and a beta of 1.60. Groupon, Inc. has a 1 year low of $2.89 and a 1 year high of $16.25.

Wall Street Analyst Weigh In

Several research firms have weighed in on GRPN. Barclays upped their price objective on shares of Groupon from $4.00 to $6.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. Credit Suisse Group boosted their target price on shares of Groupon from $3.40 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, August 11th. Roth Mkm initiated coverage on shares of Groupon in a research report on Thursday, October 12th. They issued a “buy” rating and a $30.00 target price for the company. The Goldman Sachs Group boosted their target price on shares of Groupon from $4.00 to $5.00 and gave the stock a “sell” rating in a research report on Tuesday, November 14th. Finally, StockNews.com raised shares of Groupon from a “sell” rating to a “hold” rating in a research report on Saturday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.25.

Institutional Trading of Groupon

Several large investors have recently modified their holdings of GRPN. Dimensional Fund Advisors LP acquired a new position in Groupon during the 1st quarter valued at $6,673,000. Federated Hermes Inc. raised its stake in Groupon by 170.8% during the 1st quarter. Federated Hermes Inc. now owns 542,552 shares of the coupon company’s stock valued at $10,433,000 after purchasing an additional 342,198 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Groupon during the 1st quarter valued at $1,332,000. Invesco Ltd. raised its stake in Groupon by 158.8% during the 3rd quarter. Invesco Ltd. now owns 513,075 shares of the coupon company’s stock valued at $7,860,000 after purchasing an additional 314,812 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in Groupon during the 1st quarter valued at $1,123,000. 90.05% of the stock is owned by institutional investors.

Groupon 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.