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Groupon Stock Price Bounces on Upgrade

By  +Follow September 19, 2013 10:53AM
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Online deal website Groupon (GRPN) was up over 4 percent on premarket trading and kept that momentum, with gains approaching 9 percent by early afternoon. The spike can most likely be attributed to a recent upgrade from analysts at Stifel Financial Corp. ($SF) who upgraded the stock from Hold to Buy.

Analyst Upgrade Drives Gains

Stifel cited three primary reasons for their upgrade for their newfound optimism: accelerated growth at core “local” businesses in the United Kingdom with other European markets holding steady, the company’s status as a leader in mobile commerce and its “continued shift of usage toward app-based e-commerce,” and improved margins with more efficient operations under co-founder and CEO Eric Lefkosky’s management team.

Groupon buys SideTour

The upgrade comes on the heels of news on Sept. 18 that Groupon would be acquiring New York-based travel daily deals site SideTour. SideTour was built around enabling small groups of people to purchase tickets to local cultural events, helping them explore their city. Details of the deal were not disclosed, but co-founder and CEO of SideTour Vipin Goyal said that the deal would allow his company to “reach so many more people than we ever could on our own.” This was the second such acquisition for Groupon in the last two weeks as it announced the purchase of European travel website Blink on September 9.

Stock Market News Improving for Groupon since Mason Ouster

Anyone who’s held Groupon’s stock since the company’s IPO almost two years ago might want to title their wild ride “How Not Green Was My Valley.” After debuting in November of 2011 at a price of $26.11 a share, the stock cratered as questions about co-founder and CEO Andrew Mason’s leadership swirled for months. After a year of public trading, Groupon had lost over 85 percent of its value and was trading for under $5 a share.

However, since Mason was fired in February of this year, the stock’s rallied with vigor. Today’s pop is part of a run that’s seen the stock price jump almost 180 percent since the start of March.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for GRPN
4-traders.com
30 Sep 14 08:40:03
Groupon : to Webcast Third Quarter 2014 Financial Results Conference Call http://t.co/IGRy0fS2RF $GRPN
StockNews
30 Sep 14 08:39:18
$GRPN - Groupon to Webcast Third Quarter 2014 Financial Results Conference Call http://t.co/phQE7OOjmb
Pzaa...Guy
30 Sep 14 08:39:16
$GRPN - Groupon to Webcast Third Quarter 2014 Financial Results Conference Call http://t.co/0fDsPW8GIy
john smith
30 Sep 14 08:39:14
$GRPN - Groupon to Webcast Third Quarter 2014 Financial Results Conference Call http://t.co/vbsX8h2GF2
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30 Sep 14 08:39:13
$GRPN - Groupon to Webcast Third Quarter 2014 Financial Results Conference Call http://t.co/PKjTvLsaQw
NASDAQ
30 Sep 14 08:39:09
$GRPN - Groupon to Webcast Third Quarter 2014 Financial Results Conference Call http://t.co/7aThqsjSsC
BV Services
30 Sep 14 08:37:07
$GRPN Groupon to Webcast Third Quarter 2014 Financial Results Conference Call.. http://t.co/jbPiXESt6v
Stockaholics
30 Sep 14 07:51:57
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30 Sep 14 07:41:47
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Carolyn B Miciano
30 Sep 14 07:28:17
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Pollux Technical
30 Sep 14 07:22:43
#socialmedia stocks are dead in the water til further notice $FB $YELP $ZNGA $BABA . However, I like $GRPN.
TheSeeker
30 Sep 14 07:05:54
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MarketMood
30 Sep 14 06:33:25
$GRPN NEUTRAL @ 6.67
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30 Sep 14 05:23:48
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30 Sep 14 05:06:14
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30 Sep 14 03:01:21
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30 Sep 14 01:53:12
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29 Sep 14 23:51:56
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29 Sep 14 23:18:20
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4-traders.com
29 Sep 14 22:45:40
Groupon : Reports on Canadian National Deal for Yogen Fruz http://t.co/nZcZ4VBwLT $GRPN
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29 Sep 14 22:00:08
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29 Sep 14 19:55:57
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Rambouillet Sheep
29 Sep 14 18:15:17
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Traderbill
29 Sep 14 17:29:13
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Scott
29 Sep 14 16:39:16
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Camilo
29 Sep 14 16:16:25
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Dave Bergstrom
29 Sep 14 16:15:07
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Kenny Rogers
29 Sep 14 16:12:47
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29 Sep 14 16:01:14
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Cholt
29 Sep 14 15:52:37
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vaheelfan
29 Sep 14 15:52:25
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stt2318
29 Sep 14 15:50:17
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bluefeather
29 Sep 14 15:49:56
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Trading CAT
29 Sep 14 15:49:43
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29 Sep 14 15:48:07
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29 Sep 14 14:54:51
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29 Sep 14 14:48:27
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Sleek Money
29 Sep 14 14:38:07
Traders Buy High Volume of Groupon Put Options $GRPN http://t.co/9ah3eCoEMR
ShortStockVolume.com
29 Sep 14 14:31:44
Top Shorted Stocks 09/29/14... 14. $OIBR 76.86% 15. $EWJ 76.46% 16. $SYY 76.39% 17. $GRPN 74.18% 18. $DCT 72.10% 19. $RWM 71.64%...
ShortStockVolume.com
29 Sep 14 14:31:42
Top Shorted Stocks 09/29/14... 16. $SYY 76.39% 17. $GRPN 74.18% 18. $DCT 72.10%... http://t.co/sCN17lWDLX
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29 Sep 14 14:26:05
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US Banking News
29 Sep 14 14:13:19
Groupon Sees Unusually Large Options Volume $GRPN http://t.co/HwvLJXL8Ba
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29 Sep 14 13:14:24
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TV_Trading Ideas
29 Sep 14 12:26:38
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StockSpotter
29 Sep 14 12:24:33
$GRPN up 0.7% to 6.70 bullish at a cycle trough #stocks #markets #trading http://t.co/r74wnIpfTA
BlockTradeAlert
29 Sep 14 12:04:07
BLOCK TRADE: $GRPN 250,000 shares @ $6.68 [15:04:06]
idaytrade
29 Sep 14 11:26:54
$GRPN I want to see you at $ 7.50 + pre earnings
JE$US
29 Sep 14 11:21:45
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29 Sep 14 11:21:44
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By  +Follow September 19, 2013 10:53AM
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