Insider Buying: Groupon, Inc. (NASDAQ:GRPN) CEO Purchases 24,803 Shares of Stock

Groupon, Inc. (NASDAQ:GRPN) CEO Dusan Senkypl purchased 24,803 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average cost of $9.50 per share, for a total transaction of $235,628.50. Following the acquisition, the chief executive officer now owns 6,902,364 shares of the company’s stock, valued at approximately $65,572,458. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, November 20th, Dusan Senkypl bought 137,946 shares of Groupon stock. The stock was purchased at an average cost of $9.74 per share, for a total transaction of $1,343,594.04.

Groupon Stock Up 1.9 %

Shares of Groupon stock traded up $0.19 during trading on Monday, reaching $9.72. 1,079,061 shares of the stock were exchanged, compared to its average volume of 1,299,503. The stock’s fifty day moving average is $12.34 and its 200 day moving average is $8.96. The firm has a market cap of $309.58 million, a price-to-earnings 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.

Institutional Trading of Groupon

A number of institutional investors have recently modified their holdings of GRPN. Dimensional Fund Advisors LP purchased a new stake in shares of Groupon during the first quarter worth about $6,673,000. Federated Hermes Inc. lifted its holdings in Groupon by 170.8% in the first quarter. Federated Hermes Inc. now owns 542,552 shares of the coupon company’s stock worth $10,433,000 after buying an additional 342,198 shares during the period. Renaissance Technologies LLC purchased a new stake in Groupon in the first quarter worth about $1,332,000. Invesco Ltd. lifted its holdings in Groupon by 158.8% in the third quarter. Invesco Ltd. now owns 513,075 shares of the coupon company’s stock worth $7,860,000 after buying an additional 314,812 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in Groupon in the first quarter worth about $1,123,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Credit Suisse Group increased their target price on Groupon from $3.40 to $8.00 and gave the company a “neutral” rating in a research note on Friday, August 11th. StockNews.com raised Groupon from a “sell” rating to a “hold” rating in a research note on Saturday. Barclays raised their price objective on Groupon from $4.00 to $6.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. The Goldman Sachs Group raised their price objective on Groupon from $4.00 to $5.00 and gave the company a “sell” rating in a research note on Tuesday, November 14th. Finally, Roth Mkm began coverage on Groupon in a research note on Thursday, October 12th. They set a “buy” rating and a $30.00 price objective on the stock. Two investment 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. According to data from MarketBeat.com, Groupon has an average rating of “Hold” and an average target price of $12.25.

About Groupon

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.