Groupon, Inc. (NASDAQ:GRPN) Short Interest Up 26.4% in May

Groupon, Inc. (NASDAQ:GRPNGet Rating) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 6,230,000 shares, an increase of 26.4% from the May 15th total of 4,930,000 shares. Approximately 32.7% of the company’s shares are short sold. Based on an average trading volume of 1,010,000 shares, the short-interest ratio is presently 6.2 days.

In other Groupon news, major shareholder Jan Barta bought 129,688 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were acquired at an average price of $11.93 per share, with a total value of $1,547,177.84. Following the purchase, the insider now owns 2,521,452 shares in the company, valued at approximately $30,080,922.36. The purchase was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders bought 1,925,044 shares of company stock worth $33,421,981. Insiders own 15.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley lifted its position in Groupon by 410.1% in the 2nd quarter. Morgan Stanley now owns 1,023,796 shares of the coupon company’s stock valued at $44,187,000 after purchasing an additional 823,102 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in Groupon in the 1st quarter valued at about $6,673,000. Federated Hermes Inc. lifted its position in Groupon by 170.8% in 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. Penserra Capital Management LLC lifted its position in Groupon by 51.5% in the 4th quarter. Penserra Capital Management LLC now owns 568,767 shares of the coupon company’s stock valued at $13,172,000 after purchasing an additional 193,315 shares during the last quarter. Finally, J. Goldman & Co LP bought a new stake in Groupon in the 1st quarter valued at about $3,525,000. 87.78% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on GRPN. Wedbush lowered their price target on shares of Groupon from $22.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, May 10th. Barclays lowered their price target on shares of Groupon from $20.00 to $12.00 and set an “underweight” rating for the company in a report on Tuesday, May 10th. TheStreet lowered shares of Groupon from a “c-” rating to a “d+” rating in a report on Tuesday. Ascendiant Capital Markets lowered their price target on shares of Groupon to $20.00 in a report on Friday, June 3rd. Finally, Credit Suisse Group lowered their price target on shares of Groupon from $29.00 to $23.00 in a report on Tuesday, May 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Groupon has a consensus rating of “Hold” and an average target price of $19.60.

Shares of GRPN stock opened at $14.06 on Friday. The firm has a market cap of $421.24 million, a P/E ratio of 7.14 and a beta of 2.13. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.88 and a quick ratio of 0.88. Groupon has a 1-year low of $11.16 and a 1-year high of $47.47. The firm has a fifty day moving average of $16.55 and a two-hundred day moving average of $20.22.

Groupon (NASDAQ:GRPNGet Rating) last announced its quarterly earnings data on Monday, May 9th. The coupon company reported ($1.00) earnings per share for the quarter, missing the consensus estimate of ($0.86) by ($0.14). The company had revenue of $153.30 million for the quarter, compared to analyst estimates of $165.29 million. Groupon had a negative return on equity of 13.88% and a net margin of 8.09%. Groupon’s revenue was down 41.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 earnings per share. On average, sell-side analysts expect that Groupon will post -0.43 EPS for the current year.

Groupon Company Profile (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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