Stock traders buy high volume call options on Groupon (NASDAQ:GRPN)

Groupon, Inc. (NASDAQ:GRPN – Get Rating) was the target of unusually large options trades on Monday. Equity investors bought 15,262 call options on the company. This is a 387% increase from the typical volume of 3,137 call options.

Groupon stock up 9.0%

GRPN shares traded up $1.15 midday on Monday, hitting $13.97. The company’s shares had a trading volume of 25,423 shares, compared to an average trading volume of 1,172,563 shares. The company has a fifty-day moving average of $12.77 and a 200-day moving average of $17.37. The company has a market capitalization of $418.54 million, a price-earnings ratio of 6.51 and a beta of 2.06. Groupon has a 1-year low of $8.78 and a 1-year high of $31.15. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt ratio of 1.21.

Groupon (NASDAQ:GRPN – Get Rating) last reported results on Monday, May 9. The coupon company reported ($1.00) earnings per share (EPS) for the quarter, missing analyst consensus estimates of ($0.86) by ($0.14). The company posted revenue of $153.30 million in the quarter, compared to $165.29 million expected by analysts. Groupon had a net margin of 8.09% and a negative return on equity of 13.88%. Groupon’s revenue for the quarter was down 41.9% year over year. In the same quarter of the previous year, the company achieved EPS of $0.06. As a group, analysts expect Groupon to post -1.25 earnings per share for the current fiscal year.

Changes to analyst ratings

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The GRPN has been the subject of several research reports. Credit Suisse Group lowered its price target on Groupon from $29.00 to $23.00 in a Tuesday, May 10 research note. Wedbush reduced its price target on Groupon from $22.00 to $15.00 and set a “neutral” rating for the company in a Tuesday, May 10 research note. Goldman Sachs Group cut its price target on Groupon from $12.10 to $11.00 and set a “sell” rating for the company in a Friday, July 15 research note. downgraded Groupon from a “hold” rating to a “sell” rating in a Friday, June 3 research rating. Finally, Ascendant Capital Markets lowered its price target on Groupon to $20.00 in a Friday, June 3 research note. Three research analysts rated the stock with a sell rating, three gave the stock a hold rating and one gave the stock a buy rating. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $18.17.

Insider buying and selling

In other Groupon news, major shareholder Jan Barta acquired 129,688 shares of the company in a transaction that took place on Monday, May 23. The shares were acquired at an average cost of $11.93 per share, with a total value of $1,547,177.84. Following the acquisition, the insider now directly owns 2,521,452 shares of the company, valued at approximately $30,080,922.36. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Insiders acquired 301,534 shares of the company valued at $3,876,290 over the past three months. 15.90% of the shares are currently held by company insiders.

Groupon Institutional Trading

A number of hedge funds have recently changed their holdings in the company. Point72 Hong Kong Ltd bought a new equity stake in Groupon during the first quarter worth $50,000. Advisor Group Holdings Inc. increased its stake in Groupon stock by 113.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,444 shares of the coupon company worth $55,000 after acquiring 1,300 additional shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Groupon during the first quarter at a value of $55,000. Amalgamated Bank bought a new equity stake in Groupon during the first quarter for $71,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new stake in Groupon stock during the first quarter at a value of $91,000. Hedge funds and other institutional investors own 87.78% of the company’s shares.

About Groupon

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Groupon, Inc., together with its subsidiaries, operates a marketplace that connects consumers with merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants; and inventory of first party goods. It serves its customers through its mobile apps and websites.

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