Groupon Inc (GRPN) Sees Significant Decrease in Short Interest

Groupon Inc (NASDAQ:GRPN) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 27,811,917 shares, a decrease of 19.3% from the January 15th total of 34,460,278 shares. Based on an average trading volume of 5,833,929 shares, the short-interest ratio is currently 4.8 days. Currently, 6.2% of the company’s shares are short sold.

GRPN opened at $3.52 on Thursday. Groupon has a 12-month low of $2.80 and a 12-month high of $5.52. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.98 billion, a P/E ratio of -117.33, a PEG ratio of 8.31 and a beta of 1.37.

Groupon (NASDAQ:GRPN) last posted its earnings results on Tuesday, February 12th. The coupon company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). Groupon had a positive return on equity of 11.15% and a negative net margin of 0.35%. The firm had revenue of $799.93 million for the quarter, compared to analyst estimates of $782.54 million. During the same period in the previous year, the company posted $0.07 EPS. Groupon’s revenue was down 8.4% on a year-over-year basis. Equities analysts forecast that Groupon will post 0.09 earnings per share for the current year.

Several equities analysts recently issued reports on the company. Goldman Sachs Group assumed coverage on Groupon in a research note on Monday, February 4th. They set a “neutral” rating and a $3.50 target price on the stock. ValuEngine raised Groupon from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. BidaskClub raised Groupon from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research raised Groupon from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a research note on Wednesday, January 2nd. Finally, B. Riley decreased their target price on Groupon from $6.30 to $5.60 and set a “buy” rating on the stock in a research note on Thursday, November 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Groupon has a consensus rating of “Hold” and a consensus target price of $4.61.

In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $3.04, for a total transaction of $4,560,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.90% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Montreal Can increased its holdings in Groupon by 130.6% during the 4th quarter. Bank of Montreal Can now owns 9,326 shares of the coupon company’s stock worth $30,000 after purchasing an additional 5,281 shares during the period. Quinn Opportunity Partners LLC purchased a new stake in Groupon during the 4th quarter worth about $41,000. Nadler Financial Group Inc. purchased a new stake in Groupon during the 4th quarter worth about $49,000. Alps Advisors Inc. increased its holdings in Groupon by 20.7% during the 4th quarter. Alps Advisors Inc. now owns 25,991 shares of the coupon company’s stock worth $83,000 after purchasing an additional 4,464 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in Groupon during the 3rd quarter worth about $118,000. Institutional investors own 66.96% of the company’s stock.

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Groupon Company Profile

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, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

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