Monitoring Groupon Inc. (GRPN) after recent insider movements


Groupon Inc.’s recent filing unveils that its 10% Owner Barta Jan acquired Company’s shares for reported $1.31 million on Sep 01. In the deal valued at $9.82 per share,132,993 shares were bought. As a result of this transaction, Barta Jan now holds 1,607,048 shares worth roughly $ 11.36 million.

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Then, Barta Jan bought 30,703 shares, generating $308,258 in total proceeds. Upon buying the shares at $10.04, the 10% Owner now owns 1,474,055 shares.

Before that, Maple Rock Capital Partners In sold 152,011 shares. Groupon Inc. shares valued at $1,742,852 were divested by the 10% Owner at a price of $11.47 per share. As a result of the transaction, Maple Rock Capital Partners In now holds 2,025,700 shares, worth roughly $14.32 million.

PT values the company’s stock at a premium of 35.73 to its Friday closing price. JP Morgan also remained covering GRPN and has increased its forecast on March 01, 2021 with a “Neutral” recommendation from previously “an Underweight” rating.

Price Performance Review of GRPN

On Friday, Groupon Inc. [NASDAQ:GRPN] saw its stock jump 3.36% to $7.07. On the same session, the stock had its day’s lowest price of $6.74, but rose to a high of $7.125. Over the last five days, the stock has lost -6.73%. Groupon Inc. shares have fallen nearly -69.47% since the year began. Nevertheless, the stocks have fallen -69.14% over the past one year. While a 52-week high of $31.15 was reached on 01/31/22, a 52-week low of $6.35 was recorded on 10/25/22. SMA at 50 days reached $8.89, while 200 days put it at $14.87. A total of 0.52 million shares were traded, compared to the trading of 0.72 million shares in the previous session.

Levels Of Support And Resistance For GRPN Stock

The 24-hour chart illustrates a support level at 6.83, which if violated will result in even more drops to 6.59. On the upside, there is a resistance level at 7.22. A further resistance level may holdings at 7.36. The Relative Strength Index (RSI) on the 14-day chart is 41.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.25%. Stochastics %K at 43.07% indicates the stock is a holding.

How much short interest is there in Groupon Inc.?

A steep rise in short interest was recorded in Groupon Inc. stocks on Jul 14, 2022, growing by 0.91 million shares to a total of 6.92 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 6.01 million shares. There was a rise of 13.15%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 32.73% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.55.

Groupon Inc. [GRPN] – Who Are The Largest Shareholders?

In filings from RPD Fund Management LLC, it is revealed that the company now owns 2,995,720 shares, or roughly 9.90% of the outstanding GRPN shares. In other words, the investor’s shares have risen by 703,579 from its previous 13-F filing of 2292141.0. Additionally, Maple Rock Capital Partners, Inc. decreased -22.88% of its stake after which the total value it holdings stand at $16,124,572, while The Vanguard Group, Inc. reduced -19.27% of its stake to hold $14.54 million in the firm. Over the last quarter, Prentice Capital Management LP sold -149,738 shares of Groupon Inc., while BlackRock Fund Advisors sold 31,154 shares. At present, Federated MDTA LLC is holding 951,996 shares valued at $7.58 million. Manulife Investment Management owned 882,265 shares of the company at the time of its most recent 13F filing, worth $7.02 million.

According to FactSet, Groupon Inc.’s share price will average $14.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 104.68 percent from its previous closing price of $6.84. Analysts expect Groupon Inc. stock to reach the higher price of $18.00, while the lowest price estimate is $10.00. However, 5 analysts have rated GRPN stock as a Hold in their predictions for 2022. The most recent change occurred on June 17, 2020 when DA Davidson resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $32.


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