Jan Barta Buys 106,823 Shares of Groupon, Inc. (NASDAQ:GRPN) Stock

Groupon, Inc. (NASDAQ:GRPNGet Rating) insider Jan Barta bought 106,823 shares of the business’s stock in a transaction that occurred on Tuesday, April 19th. The stock was purchased at an average cost of $20.48 per share, for a total transaction of $2,187,735.04. Following the completion of the transaction, the insider now directly owns 1,429,053 shares in the company, valued at approximately $29,267,005.44. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, April 21st, Jan Barta acquired 118,565 shares of Groupon stock. The stock was bought at an average cost of $19.88 per share, for a total transaction of $2,357,072.20.
  • On Monday, April 11th, Jan Barta purchased 119,454 shares of Groupon stock. The shares were purchased at an average cost of $19.85 per share, with a total value of $2,371,161.90.
  • On Friday, April 8th, Jan Barta purchased 128,490 shares of Groupon stock. The stock was bought at an average cost of $20.36 per share, for a total transaction of $2,616,056.40.
  • On Wednesday, April 6th, Jan Barta purchased 181,185 shares of Groupon stock. The stock was acquired at an average price of $19.96 per share, for a total transaction of $3,616,452.60.
  • On Monday, April 4th, Jan Barta bought 57,209 shares of Groupon stock. The stock was bought at an average price of $19.90 per share, for a total transaction of $1,138,459.10.
  • On Thursday, March 31st, Jan Barta purchased 82,126 shares of Groupon stock. The stock was purchased at an average price of $19.25 per share, for a total transaction of $1,580,925.50.

Shares of GRPN opened at $18.78 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s 50 day moving average is $20.23 and its 200-day moving average is $22.49. Groupon, Inc. has a 12-month low of $16.37 and a 12-month high of $55.37. The stock has a market capitalization of $560.73 million, a P/E ratio of 5.19 and a beta of 2.29.

Groupon (NASDAQ:GRPNGet Rating) last posted its quarterly earnings results on Monday, February 28th. The coupon company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $223.16 million for the quarter, compared to analysts’ expectations of $224.59 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. The firm’s revenue was down 34.9% on a year-over-year basis. As a group, equities research analysts forecast that Groupon, Inc. will post -0.38 EPS for the current fiscal year.

A number of brokerages recently issued reports on GRPN. StockNews.com assumed coverage on Groupon in a report on Thursday, March 31st. They issued a “hold” rating for the company. Ascendiant Capital Markets lowered their price target on Groupon from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 24th. Credit Suisse Group decreased their target price on shares of Groupon from $38.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, March 2nd. Wedbush dropped their price target on shares of Groupon from $30.00 to $22.00 in a research report on Wednesday, March 2nd. Finally, Barclays decreased their price objective on shares of Groupon from $23.00 to $20.00 in a report on Wednesday, March 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.80.

Several hedge funds and other institutional investors have recently made changes to their positions in GRPN. Par Capital Management Inc. raised its holdings in Groupon by 103.2% during the 3rd quarter. Par Capital Management Inc. now owns 2,783,500 shares of the coupon company’s stock worth $63,492,000 after buying an additional 1,414,000 shares during the period. Morgan Stanley raised its holdings in shares of Groupon by 410.1% during the second quarter. Morgan Stanley now owns 1,023,796 shares of the coupon company’s stock valued at $44,187,000 after acquiring an additional 823,102 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Groupon by 53.5% in the 3rd quarter. Goldman Sachs Group Inc. now owns 1,105,285 shares of the coupon company’s stock valued at $25,212,000 after acquiring an additional 385,360 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Groupon by 65.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 913,700 shares of the coupon company’s stock worth $20,841,000 after purchasing an additional 361,337 shares during the period. Finally, Contrarius Investment Management Ltd purchased a new position in Groupon during the 3rd quarter worth approximately $5,228,000. 90.52% of the stock is owned by institutional investors and hedge funds.

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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