Groupon Inc (GRPN) Short Interest Down 12.6% in March

Groupon Inc (NASDAQ:GRPN) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 21,572,427 shares, a decrease of 12.6% from the February 28th total of 24,675,138 shares. Based on an average daily volume of 5,294,265 shares, the days-to-cover ratio is presently 4.1 days. Currently, 4.6% of the shares of the company are short sold.

GRPN traded up $0.04 during trading on Friday, reaching $3.49. The company had a trading volume of 1,719,316 shares, compared to its average volume of 3,272,873. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. Groupon has a 52 week low of $2.80 and a 52 week high of $5.52. The company has a market cap of $1.99 billion, a PE ratio of 38.78, a P/E/G ratio of 16.62 and a beta of 1.47.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Tuesday, February 12th. The coupon company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Groupon had a negative net margin of 0.42% and a positive return on equity of 17.33%. The firm had revenue of $799.93 million for the quarter, compared to analysts’ expectations of $782.54 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, research analysts anticipate that Groupon will post 0.07 earnings per share for the current fiscal year.

In other news, Director Eric P. Lefkofsky sold 3,000,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $3.33, for a total transaction of $9,990,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 16.90% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Nadler Financial Group Inc. bought a new stake in Groupon during the fourth quarter valued at about $49,000. Gamco Investors INC. ET AL boosted its holdings in Groupon by 50.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 315,423 shares of the coupon company’s stock worth $1,009,000 after acquiring an additional 105,158 shares in the last quarter. Marathon Trading Investment Management LLC acquired a new stake in Groupon in the fourth quarter worth about $47,000. Man Group plc boosted its holdings in Groupon by 26.0% in the third quarter. Man Group plc now owns 4,358,195 shares of the coupon company’s stock worth $16,431,000 after acquiring an additional 899,255 shares in the last quarter. Finally, Commonwealth Bank of Australia acquired a new stake in Groupon in the third quarter worth about $190,000. 69.48% of the stock is currently owned by institutional investors.

GRPN has been the subject of several analyst reports. Zacks Investment Research raised shares of Groupon from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a report on Wednesday, January 2nd. BidaskClub raised shares of Groupon from a “sell” rating to a “hold” rating in a report on Saturday, March 30th. ValuEngine upgraded Groupon from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Finally, Goldman Sachs Group assumed coverage on Groupon in a research note on Monday, February 4th. They issued a “neutral” rating and a $3.50 price target for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $4.56.

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

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