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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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for GRPN
brian sweetheart
6 Jul 15 23:03:22
Voted top trading group. http://t.co/5eVXN8RJLp Related: $GNW $EGO $IBN $GRPN $ARCP $ZIOP
Stock Dawgzz
6 Jul 15 22:31:18
Our Platinum Subscribers Saw Their Penny Stock Alerts Gain Over 200% In 2 Weeks! Big Update: http://t.co/Lhta1yqlzk $FRCN $BRGO $GRPN
dailystockplays.com
6 Jul 15 22:30:26
Elder Blue http://t.co/heoUr44eW4 $AMD $HUM $FOXA $LUV $BBRY $AAL $GLW $ABEV $GRPN $FEYE $NRG $CPN $TGT $CELG $IAG $ZTS $HZNP $HRB
Stockaholics
6 Jul 15 22:26:48
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $FRCN $BRGO $GRPN
Stock Rocket
6 Jul 15 22:17:05
Our Penny Stock Newsletter Alerts Gained 200% In 2 Weeks! Get Our Next Pick Early: http://t.co/4eX1MHjK0l $FRCN $BRGO $GRPN
BillionairesPort
6 Jul 15 21:08:36
Here is why VCS don't give a shit about the common man, they just want to dump toxic waste on the public $GRPN $ANGI
Stock Dawgzz
6 Jul 15 20:11:07
Our Platinum Subscribers Saw Their Penny Stock Alerts Gain Over 200% In 2 Weeks! Big Update: http://t.co/Lhta1yqlzk $GRPN $LEAP $DLX
StockenheimerSchmidt
6 Jul 15 20:06:35
Our Stock Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/Ab9x726B1J $GRPN $LEAP $DL
Stock Rocket
6 Jul 15 20:05:04
Our Penny Stock Newsletter Alerts Gained 200% In 2 Weeks! Get Our Next Pick Early: http://t.co/4eX1MHjK0l $GRPN $LEAP $DLX
Stockaholics
6 Jul 15 20:03:00
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $GRPN $LEAP $DLX
Penny Stockington
6 Jul 15 19:43:20
$SUTI Has Gained 66.67%, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $FRCN $BRGO $GRPN
Stock Dawgzz
6 Jul 15 19:19:16
Our Platinum Subscribers Saw Their Penny Stock Alerts Gain Over 200% In 2 Weeks! Big Update: http://t.co/Lhta1yqlzk $FRCN $BRGO $GRPN
Stock Rocket
6 Jul 15 19:13:37
Our Penny Stock Newsletter Alerts Gained 200% In 2 Weeks! Get Our Next Pick Early: http://t.co/4eX1MHBloV $FRCN $BRGO $GRPN
Stockaholics
6 Jul 15 19:11:00
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $FRCN $BRGO $GRPN
FinBUZZ Just-IN
6 Jul 15 18:58:09
Monitor your watchlist of assets for tweets- Social Media Stocks http://t.co/0lDjsEei8y $FB $LNKD $TWTR $GRPN $ZNGA
Penny Stockington
6 Jul 15 17:23:00
$SUTI Has Gained 66.67%, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7uvGj $GRPN $LEAP $DLX
FinBUZZ Just-IN
6 Jul 15 17:08:11
Compare brokers to find the right one for you- Social Media Stocks http://t.co/xBiy45I3G2 $FB $LNKD $TWTR $GRPN $ZNGA #spreadbetting #cfd
Stock Dawgzz
6 Jul 15 17:05:45
Our Platinum Subscribers Saw Their Penny Stock Alerts Gain Over 200% In 2 Weeks! Big Update: http://t.co/Lhta1y8KaK $GRPN $LEAP $DLX
Stockaholics
6 Jul 15 16:56:50
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $GRPN $LEAP $DLX
StockenheimerSchmidt
6 Jul 15 16:54:03
Our Stock Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/Ab9x726B1J $GRPN $LEAP $DL
Stock Rocket
6 Jul 15 16:53:20
Our Penny Stock Newsletter Alerts Gained 200% In 2 Weeks! Get Our Next Pick Early: http://t.co/4eX1MHBloV $GRPN $LEAP $DLX
Penny Stockington
6 Jul 15 16:31:49
$SUTI Has Gained 66.67%, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $FRCN $BRGO $GRPN
Stock Dawgzz
6 Jul 15 16:14:29
Our Platinum Subscribers Saw Their Penny Stock Alerts Gain Over 200% In 2 Weeks! Big Update: http://t.co/Lhta1yqlzk $FRCN $BRGO $GRPN
Stockaholics
6 Jul 15 16:05:22
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $FRCN $BRGO $GRPN
Stock Rocket
6 Jul 15 16:02:54
Our Penny Stock Newsletter Alerts Gained 200% In 2 Weeks! Get Our Next Pick Early: http://t.co/4eX1MHBloV $FRCN $BRGO $GRPN
Chris Lau
6 Jul 15 14:13:53
RT @Kapitall: $YELP is off the market, and shares are down. What's up with online ordering? http://t.co/8md6WOqq0r $GRPN http://t.co/ujMPRp…
FinBUZZ Just-IN
6 Jul 15 13:08:12
You may be paying much higher spreads for Social Media Stocks http://t.co/xBiy45I3G2 $FB $LNKD $TWTR $GRPN $ZNGA #spreadbetting #cfd
Peter Bardens
6 Jul 15 12:40:02
$GRPN Insider Selling: Netflix, Inc. (NFLX), Oracle Corporation (ORCL), Groupon Inc ... http://t.co/YYOglm0CkJ
FinBUZZ Just-IN
6 Jul 15 12:08:05
Save 75% by finding the cheapest broker to trade Social Media Stocks http://t.co/xBiy45I3G2 $FB $LNKD $TWTR $GRPN $ZNGA #spreadbetting #cfd
Tech Stocks
6 Jul 15 12:00:05
The Vision Groupon Fails To Sell You http://t.co/Ah6S5CZpRL $FB $GRUB $YELP $GRPN
Breaking News
6 Jul 15 11:35:03
$GRPN $DB: News Review - Groupon (GRPN), Deutsche Bank (DB), American ...: http://t.co/5TfGUdvieK
Mike Kudrna
6 Jul 15 10:43:45
Commented on: Taking a trading increment (short-term) position in $GRPN at 4.90 looking for a sq... http://t.co/vf4o6h0jAa
myrollingstocks
6 Jul 15 09:55:26
We think this may gap $GRPN http://t.co/ryvGuLEiL1
Myrollingstocks
6 Jul 15 09:55:10
We think this may gap $GRPN http://t.co/TdZBewM9uO
Retsialg
6 Jul 15 09:55:10
We think this may gap $GRPN http://t.co/zDUvOI8vJL
Capital Market Labs
6 Jul 15 09:42:37
Interactive Chart -> http://t.co/77SK8XXaE1 $GRPN Revenue is Increasing. http://t.co/h123n6PfIm
#
6 Jul 15 09:31:03
RT @newswithvalue: $GRPN: Groupon Receives $8.26 Average Target Price from Analysts ...: http://t.co/MUjvRZwG6a
Breaking News Now
6 Jul 15 09:29:05
$GRPN: Groupon Receives $8.26 Average Target Price from Analysts ...: http://t.co/MUjvRZwG6a
Yoda
6 Jul 15 09:25:03
RT @theflynews: Analysts differ on Yelp after company said to halt sale process $YELP $BABA $AMZN $FB $GOOG $GRPN $MSFT $PCLN ... http://t.…
Dakota Financial
6 Jul 15 09:24:49
Groupon Receives $8.26 Average Target Price from Analysts $GRPN http://t.co/lRcmgTnoYd
Penny Stockington
6 Jul 15 09:22:53
$SUTI Has Gained 66.67%, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $GRPN $LEAP $DLX
AlphaStreet
6 Jul 15 09:20:43
$GRPN Form 4: On June 30, 2015, Rich Williams, COO, sold 11,426 shares for tax obligation at $5.0300 per share. Rich now owns 767,690 shares
AlphaStreet
6 Jul 15 09:19:54
$GRPN Form 4: On June 30, 2015, Rich Williams, COO, exercised 25,000 stock options and acquired the same no. of shares at $5.0300 per share.
Stock Dawgzz
6 Jul 15 09:04:30
Our Platinum Subscribers Saw Their Penny Stock Alerts Gain Over 200% In 2 Weeks! Big Update: http://t.co/Lhta1y8KaK $GRPN $LEAP $DLX
Stockaholics
6 Jul 15 08:42:21
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $GRPN $LEAP $DLX
Chris Lau
6 Jul 15 08:24:45
$YELP is no longer for sale, so now it has to work on its sales | Includes $GRPN --- http://t.co/FJrV5GIuQq
Mike Kudrna
6 Jul 15 08:07:29
SA Article: The Vision Groupon Fails to Sell You http://t.co/u59HvYuCPE $GRPN $$ $GRUB $YELP $LOCM $FB
Stock Dawgzz
6 Jul 15 08:04:13
Our Platinum Subscribers Saw Their Penny Stock Alerts Gain Over 200% In 2 Weeks! Big Update: http://t.co/Lhta1yqlzk $FRCN $BRGO $GRPN
Kapitall
6 Jul 15 07:58:12
$YELP is off the market, and shares are down. What's up with online ordering? http://t.co/8md6WOqq0r $GRPN http://t.co/ujMPRpYxt0
Stock Rocket
6 Jul 15 07:54:10
Our Penny Stock Newsletter Alerts Gained 200% In 2 Weeks! Get Our Next Pick Early: http://t.co/4eX1MHBloV $FRCN $BRGO $GRPN
				
				
By  +Follow September 19, 2013 10:53AM
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