The Attractiveness of Investing In Groupon Inc. (GRPN) is Growing


Groupon Inc.’s filing revealed that its Director Barta Jan acquired Company’s shares for reported $48.9 million on Dec 20. In the deal valued at $7.28 per share,6,716,966 shares were bought. As a result of this transaction, Barta Jan now holds 6,716,966 shares worth roughly $ 47.96 million.

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Then, Barta Jan sold 5,110,558 shares, generating $37,204,862 in total proceeds. Upon selling the shares at $7.28, the Director now owns 0 shares.

Before that, Barta Jan sold 1,606,408 shares. Groupon Inc. shares valued at $11,694,650 were divested by the Director at a price of $7.28 per share. As a result of the transaction, Barta Jan now holds 100 shares, worth roughly $714.0.

PT values the company’s stock at a premium of 35.09 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 fall -2.19% to $7.14. On the same session, the stock had its day’s lowest price of $7.05, but rose to a high of $7.25. Over the last five days, the stock has lost -6.05%. Groupon Inc. shares have fallen nearly -16.78% since the year began. Nevertheless, the stocks have fallen -67.47% over the past one year. While a 52-week high of $23.43 was reached on 02/02/23, a 52-week low of $6.22 was recorded on 02/13/23. SMA at 50 days reached $7.87, while 200 days put it at $9.99. A total of 0.55 million shares were traded, compared to the trading of 0.4 million shares in the previous session.

Levels Of Support And Resistance For GRPN Stock

The 24-hour chart illustrates a support level at 7.04, which if violated will result in even more drops to 6.95. On the upside, there is a resistance level at 7.24. A further resistance level may holdings at 7.35. The Relative Strength Index (RSI) on the 14-day chart is 40.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.26%. Stochastics %K at 10.65% indicates the stock is a buying.

How much short interest is there in Groupon Inc.?

A steep rise in short interest was recorded in Groupon Inc. stocks on Jan 30, 2023, dropping by -0.29 million shares to a total of 4.61 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 4.9 million shares. There was a decline of -6.29%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 21.33% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.77.

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

In filings from Maple Rock Capital Partners, Inc., it is revealed that the company now owns 2,025,700 shares, or roughly 6.66% of the outstanding GRPN shares. Additionally, Morgan Stanley & Co. LLC increased 2,252.07% of its stake after which the total value it holdings stand at $13,202,933, while RPD Fund Management LLC reduced -48.40% of its stake to hold $12.77 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -7,348 shares of Groupon Inc., while The Vanguard Group, Inc. sold -391,323 shares. At present, Intrinsic Edge Capital Management is holding 995,224 shares valued at $8.22 million. Prentice Capital Management LP owned 545,167 shares of the company at the time of its most recent 13F filing, worth $4.5 million.

According to FactSet, Groupon Inc.’s share price will average $12.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 71.23 percent from its previous closing price of $7.30. Analysts expect Groupon Inc. stock to reach the higher price of $15.00, while the lowest price estimate is $10.00. However, 2 analysts have rated GRPN stock as an Overweight in their predictions for 2023. 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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