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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
Mark Skilton
28 Dec 14 00:45:48
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Stockaholics
27 Dec 14 23:37:33
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27 Dec 14 22:10:42
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27 Dec 14 19:51:07
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HotKeyTrading
27 Dec 14 18:30:04
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StockWizard
27 Dec 14 16:52:07
RT @WrigleyTom: $BBRY $GRPN $IMGN $KEG $NQ $ALQA $WATT $HALO $NDRM etc 13 Analyst Stocks at $10 and Under With Huge Implied Upside http:/…
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27 Dec 14 16:11:05
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27 Dec 14 14:47:07
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Assumption
27 Dec 14 14:43:47
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27 Dec 14 13:28:32
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kenr0966
27 Dec 14 12:28:24
RT @hedgefundclone: The Two Beaten Down Tech Stocks Poised To Breakout in 2015 $GRPN and $FEYE http://t.co/KfT4WQ4yY5 http://t.co/ezE5Rr1tLF
Shake N' Make
27 Dec 14 12:01:20
RT @strongjuju: 50 Cheap (Maybe Free) Dates You'll Thoroughly Enjoy http://t.co/9fsmOajZv6 via @daily_finance $GRPN $LULU $CAB
Mike's Deals
27 Dec 14 12:01:19
RT @strongjuju: 50 Cheap (Maybe Free) Dates You'll Thoroughly Enjoy http://t.co/9fsmOajZv6 via @daily_finance $GRPN $LULU $CAB
NelsNYC
27 Dec 14 11:08:33
RT @fm23: $GRPN http://t.co/FVjJ2OgN3Z
Phil Martin
27 Dec 14 10:25:19
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ProVesting
27 Dec 14 10:03:02
$GRPN $GS: Groupon (GRPN) Rises On Reports That Goldman Sachs (GS) Is ... http://t.co/Uy4jHkYz4u http://t.co/CYFi8p7Afn
Casey
27 Dec 14 09:49:30
RT @StockSignaling: Top Stocks (By Trading Liquidity): $XONE $TSL $P $ADHD $VOLC $KNDI $AXAS $NE $GLNG $GRPN $MNK $TPLM $PVA $SEAS $ECYT ht…
ProTradersNews
27 Dec 14 09:33:03
$GRPN: Is Groupon Worth Considering Going Into 2015? (GRPN) http://t.co/A5zdKlPhfj http://t.co/odzkUcNyaI
Seeking Alpha
27 Dec 14 09:25:59
Is Groupon Worth Considering Going Into 2015? http://t.co/VaJqeSdw76 $GRPN
BillionairesPort
27 Dec 14 08:47:46
The Two Beaten Down Tech Stocks Poised To Breakout in 2015 $GRPN and $FEYE http://t.co/KfT4WQ4yY5 http://t.co/ezE5Rr1tLF
Stockaholics
27 Dec 14 08:04:15
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Nazir (Tan) Amir
27 Dec 14 08:01:42
RT @strongjuju: 50 Cheap (Maybe Free) Dates You'll Thoroughly Enjoy http://t.co/9fsmOajZv6 via @daily_finance $GRPN $LULU $CAB
Stock Signaling
27 Dec 14 07:01:24
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Dianna Webb
27 Dec 14 07:01:22
RT @theflynews: On The Fly: Closing Wrap $AMZN $GILD $ESRX $ABBV $JUNO $GRPN $GS $KEG $SN $SD: Full Story http://t.co/PCBAIZ0SOK
Christian
27 Dec 14 06:47:13
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Barry
27 Dec 14 06:46:41
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27 Dec 14 06:30:03
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27 Dec 14 02:30:22
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chartguy89
27 Dec 14 02:08:10
GRPN +3.17% Stock Charts $GRPN Groupon Inc. (NASDAQ) Last Updated: 12/27/2014 04:08:21 GRPN Stock Chart - 1 Mo http://t.co/DpGfVxIkjY
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26 Dec 14 23:34:35
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Eric
26 Dec 14 23:25:07
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Sparti
26 Dec 14 22:55:27
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26 Dec 14 22:28:13
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J.
26 Dec 14 22:00:50
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Stock Signaling
26 Dec 14 20:31:20
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26 Dec 14 19:51:42
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Carolyn B Miciano
26 Dec 14 19:43:44
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26 Dec 14 19:36:47
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Timothy Hero
26 Dec 14 19:09:51
Even if I had billions to spend, I wouldn't even invest $1k into $GRPN after that fraud stunt they tried pulling with the old CEO.
Warren Short Term
26 Dec 14 19:04:49
RT @markflowchatter: This transaction for $GRPN could mean around + $2.50 - $2.60 per share. Clearly $GRPN is trading a massive discount he…
Gale Stelzer II
26 Dec 14 18:25:22
RT @MaisaCorp: 10 Most Shorted Stocks in #December2014= 10) $SPLS 9) $AMAT 8) $MNKD 7) $GRPN 6) $MU 5) $CMCSA 4) $BBRY 3) $INTC 2) …
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26 Dec 14 17:55:13
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Gerardo Garcia
26 Dec 14 17:44:12
RT @MaisaCorp: 10 Most Shorted Stocks in #December2014= 10) $SPLS 9) $AMAT 8) $MNKD 7) $GRPN 6) $MU 5) $CMCSA 4) $BBRY 3) $INTC 2) …
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26 Dec 14 17:39:17
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26 Dec 14 17:24:08
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ur-trading
26 Dec 14 16:05:44
$GRPN http://t.co/wVC0mKG8EA
				
				
By  +Follow September 19, 2013 10:53AM
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