Groupon Inc (NASDAQ: GRPN) stock jumped 1.98% on Friday to $9.53 against a previous-day closing price of $9.35. With 0.88 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.54 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $9.75 whereas the lowest price it dropped to was $9.23. The 52-week range on GRPN shows that it touched its highest point at $16.25 and its lowest point at $2.89 during that stretch. It currently has a 1-year price target of $13.75. Beta for the stock currently stands at 1.46.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GRPN was up-trending over the past week, with a rise of 8.05%, but this was down by -24.14% over a month. Three-month performance dropped to -8.93% while six-month performance rose 136.60%. The stock gained 11.52% in the past year, while it has gained 11.13% so far this year. A look at the trailing 12-month EPS for GRPN yields -4.49 with Next year EPS estimates of 0.34. For the next quarter, that number is 0.01. This implies an EPS growth rate of 61.36% for this year and 139.71% for next year.
Float and Shares Shorts:
At present, 30.49 million GRPN shares are outstanding with a float of 16.49 million shares on hand for trading. On Oct 30, 2023, short shares totaled 5.14 million, which was 16.44% higher than short shares on Sep 28, 2023. In addition to Mr. Dusan Senkypl as the firm’s Interim CEO & Director, Mr. Eric P. Lefkofsky serves as its Co-Founder & Independent Director.
Institutional Ownership:
Through their ownership of 61.07% of GRPN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 55.95% of GRPN, in contrast to 37.06% held by mutual funds. Shares owned by individuals account for 10.40%. As the largest shareholder in GRPN with 6.48% of the stake, Maple Rock Capital Partners, Inc. holds 2,025,700 shares worth 2,025,700. A second-largest stockholder of GRPN, Citadel Advisors LLC, holds 1,344,504 shares, controlling over 4.30% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in GRPN, holding 1,114,102 shares or 3.57% stake. With a 2.24% stake in GRPN, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 698,916 shares are owned by the mutual fund manager. The IAM Prentice Long Short Equity UC, which owns about 1.29% of GRPN stock, is the second-largest Mutual Fund holder. It holds 403,222 shares valued at 5.16 million. Vanguard Extended Market Index Fu holds 0.95% of the stake in GRPN, owning 296,745 shares worth 3.8 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GRPN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GRPN analysts setting a high price target of $28.00 and a low target of $5.00, the average target price over the next 12 months is $13.75. Based on these targets, GRPN could surge 193.81% to reach the target high and fall by -47.53% to reach the target low. Reaching the average price target will result in a growth of 44.28% from current levels.
Summary of Insider Activity:
Insiders traded GRPN stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 437,500 shares were bought while 3,851 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 692,237 while 5,180,567 shares were sold.
