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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
BUZZ Just-In
23 Sep 14 19:14:18
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23 Sep 14 17:44:13
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Sleek Money
23 Sep 14 17:40:40
Insider Selling: Brian Stevens Unloads 9,406 Shares of Groupon Stock $GRPN http://t.co/24eAF5rjUQ
Andy Knapp
23 Sep 14 17:06:29
$LNKD sold all my stocks at $218. I feel soo good everything this stock goes down... :) $FB $TWTR $BABA $GPRO $TSLA $YHOO $GRPN
Carolyn B Miciano
23 Sep 14 17:04:27
Detailed webinar on Weekly options http://t.co/MMkkKwho9T $INTC $EBAY $GRPN
US Banking News
23 Sep 14 16:26:54
Groupon CAO Brian Stevens Sells 9,406 Shares $GRPN http://t.co/wJrLMD1KtM
Stockaholics
23 Sep 14 16:20:23
$NEWL Up 166.7% So Far Today, After Our Penny Stock Blog Alert! Huge News: http://t.co/GCqzlVLYIK $FRCN $BRGO $GRPN
Carolyn B Miciano
23 Sep 14 16:13:21
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Aaron Anderson
23 Sep 14 15:33:15
RT @Lonejmartinez: $BABA *should buy $GRPN and $RSH immediate foot print in the mobile commerce and a physical service center over night *s…
MarketMood
23 Sep 14 14:42:35
$GRPN BULLISH @ 6.70
ShortStockVolume.com
23 Sep 14 14:32:10
Top Shorted Stocks 09/23/14... 8. $ABB 80.25% 9. $GRPN 78.71% 10. $EWJ 78.27% 11. $PHM 78.20% 12. $TLT 75.99% 13. $JNS 75.34%...
ShortStockVolume.com
23 Sep 14 14:32:07
Top Shorted Stocks 09/23/14... 7. $FNF 80.30% 8. $ABB 80.25% 9. $GRPN 78.71%... http://t.co/nXib9Aye26
Pzaa...Guy
23 Sep 14 13:17:30
$GRPN - Statement of Changes in Beneficial Ownership (4) http://t.co/bwUrOF82nw
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23 Sep 14 13:17:28
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23 Sep 14 13:17:25
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NASDAQ
23 Sep 14 13:17:22
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23 Sep 14 13:17:18
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23 Sep 14 13:13:49
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NASDAQ
23 Sep 14 13:13:44
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23 Sep 14 13:13:39
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23 Sep 14 13:13:36
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john smith
23 Sep 14 13:13:05
$GRPN - Statement of Changes in Beneficial Ownership (4) http://t.co/Nm7YjkOolP
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23 Sep 14 13:00:24
$NEWL Up 166.7% So Far Today, After Our Penny Stock Blog Alert! Huge News: http://t.co/GCqzlVLYIK $GRPN $LEAP $DLX
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23 Sep 14 12:43:18
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23 Sep 14 12:36:18
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$NEWL Up 166.7% So Far Today, After Our Penny Stock Blog Alert! Huge News: http://t.co/GCqzlVLYIK $FRCN $BRGO $GRPN
Peter Bardens
23 Sep 14 12:01:50
$GRPN Groupon Inc To Play A Role In Apple Pay Launch http://t.co/ym23xG1zyi
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23 Sep 14 11:53:25
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23 Sep 14 10:28:58
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23 Sep 14 09:29:01
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23 Sep 14 07:48:34
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23 Sep 14 06:56:42
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Stock Moo
23 Sep 14 06:44:26
$grpn: Groupon Expands Build-Your-Own-Deal Tool for Merchants, Announces 25,000 Deals Built Milestone http://t.co/8mysQ1ywyG
BV Services
23 Sep 14 06:18:22
$GRPN Groupon Expands Build-Your-Own-Deal Tool for Merchants, Announces 25,000 Deals Built Milestone.. http://t.co/tK8R86wKUS
4-traders.com
23 Sep 14 06:15:04
Groupon : Expands Build-Your-Own-Deal Tool for Merchants, Announces 25,000 Deals Built Milestone http://t.co/fY07pPX1JV $GRPN
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23 Sep 14 06:12:24
$GRPN - Groupon Expands Build-Your-Own-Deal Tool for Merchants, Announces 25,000 Deals Built Milestone http://t.co/6uBdPAsEt6
StockNews
23 Sep 14 06:12:24
$GRPN - Groupon Expands Build-Your-Own-Deal Tool for Merchants, Announces 25,000 Deals Built Milestone http://t.co/Pc1v7nBJ9K
john smith
23 Sep 14 06:12:21
$GRPN - Groupon Expands Build-Your-Own-Deal Tool for Merchants, Announces 25,000 Deals Built Milestone http://t.co/nhnofhPpki
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23 Sep 14 06:12:19
$GRPN - Groupon Expands Build-Your-Own-Deal Tool for Merchants, Announces 25,000 Deals Built Milestone http://t.co/WjloKvZAji
NASDAQ
23 Sep 14 06:12:16
$GRPN - Groupon Expands Build-Your-Own-Deal Tool for Merchants, Announces 25,000 Deals Built Milestone http://t.co/f1nVjY2m8q
BeatTheStreet
23 Sep 14 06:10:38
$GRPN Groupon Doubles Down On Its DIY Deal Builder, Racks Up 25k Offers http://t.co/aWAEadg17z
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By  +Follow September 19, 2013 10:53AM
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