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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.

Results for GRPN
Walden Gretzky
23 Apr 14 00:17:33
Are you Bullish on these #stocks $ALXN $NBR $NEM $GRPN #wealthmanagement http://t.co/bq5fWLujY1
Boaz Boulstridge
23 Apr 14 00:11:28
Should you hold or add to $PBI $MNST $RTN $GRPN Must see http://t.co/JatRYdzkDP
Small Cap Updates
23 Apr 14 00:10:09
$MSI #Stock Watchlist. Dont be left behind $JAZZ $BMRN $GRPN #financial http://t.co/vIrc5bFbtB
Stockaholics
22 Apr 14 23:19:05
Members saw 5,000% gains on Penny Stock Alert's in 4 months! Subscribe Today: http://t.co/HRvlsV5b8H $GRPN $LEAP $DLX
4-traders.com
22 Apr 14 23:00:02
Groupon : Not a Brad price http://t.co/nf1W1jj9Bg $GRPN
4-traders.com
22 Apr 14 22:55:05
Groupon : MEET BRAD FOR EUR 18.5K ..IF YOU'RE LUCKY ; Groupon offer depends on actor 'availability' http://t.co/02dY9NH43b $GRPN
Orson Jagger
22 Apr 14 22:53:29
Are you hanging on to $MSI $CBST $ISRG $GRPN #personalfinance http://t.co/m7Qt6hmacI
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22 Apr 14 22:46:46
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Quinten Lennon
22 Apr 14 22:42:31
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22 Apr 14 22:20:56
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Yahaira Landry
22 Apr 14 21:25:41
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22 Apr 14 20:25:30
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Robin Cage
22 Apr 14 20:15:09
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22 Apr 14 20:04:31
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22 Apr 14 19:50:08
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22 Apr 14 19:14:59
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Maxx Leatherby
22 Apr 14 18:55:01
$JW #Stock Market Reports on stocks like $HST $COO $GRPN View now http://t.co/74jXuq9VCe
Stock Watch
22 Apr 14 18:53:49
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Franco Clark
22 Apr 14 18:52:24
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Demarcus Griffin
22 Apr 14 18:40:54
Are you hanging on to $CAG $EBAY $CPRT $GRPN #wealthmanagement http://t.co/PkfavN06ig
Luther Garcia
22 Apr 14 18:32:45
Shoud you sell or hold stocks like $VAR $CTRX $SM $GRPN #moneymanagement http://t.co/ZychuTAGlO
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22 Apr 14 18:26:12
Regretting your investment in $VMC $PFE $RCL $GRPN #wealthmanagement http://t.co/INajvY7BtM
Vaughan Lowsley
22 Apr 14 18:23:49
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Josue Dollar
22 Apr 14 18:23:48
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Clinton Majors
22 Apr 14 18:04:29
$CAM Get research on $BSX $DLB $GRPN #NSE http://t.co/eHhtsP5V0Z
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22 Apr 14 17:45:37
Did you lose money on $A $VOYA $CFN $GRPN #overvalued http://t.co/ogaZQb1k7S
Luther Garcia
22 Apr 14 17:26:33
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Mari Keith
22 Apr 14 17:15:07
Is it breakout time on $CMI $RK $GRPN $AAPL #financial http://t.co/NNP3h5i1p8
Donte Dallas
22 Apr 14 16:38:09
Looking for research on $TRZA $RAX $AMP $GRPN #wallstreet http://t.co/f8HfgrmhhN
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22 Apr 14 16:37:55
Earnings news on $WMB $CNH $GRPN $TSLA Must see http://t.co/GyydSzAz4j
Stock Signaling
22 Apr 14 16:31:11
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22 Apr 14 16:19:58
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22 Apr 14 16:18:31
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22 Apr 14 16:13:18
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22 Apr 14 16:11:01
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Milford Schwarz
22 Apr 14 16:08:56
Small-cap stocks breaking 52-wk high prices $FAST $ODFL $LECO $GRPN #Research http://t.co/OjCd2AoDyP
Fausto Tilley
22 Apr 14 16:02:55
Buy or sell? $FDX $SSYS $WLK $GRPN #liquidity http://t.co/O7rSr8KvWJ
Stock_Tracker
22 Apr 14 15:57:07
Groupon Inc (GRPN) 7.63 $GRPN Final Glance: Internet companies AP - 54 mins ago NEW YORK (AP) — Shares of so http://t.co/7CfOXU0UOl
Mari Keith
22 Apr 14 15:55:12
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Mike Lansing
22 Apr 14 15:53:18
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LoveStockNews
22 Apr 14 15:42:25
$GRPN - [video] Options Action: Good deal for Groupon -> http://t.co/23VRIzAUOA #stock #stocks #stockaction
Fox Galvan
22 Apr 14 15:33:42
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Luther Garcia
22 Apr 14 15:24:25
Do you need #Stock #Research on $SJM $PRGO $CIE $GRPN #newsletter http://t.co/jcQ9uXH90L
Financial Alerts
22 Apr 14 15:12:47
Are you considering selling $LNG $RK $NUS $GRPN #wallstreet http://t.co/DCZ0Ft6A89
Kamal Khalfoun
22 Apr 14 15:06:57
"@InsiderMind: " $SCTY for an EZ gain tmr along with $GRPN $OREX $ANGI $VVUS $ANV $ACHN & $BBRY" & $TWTR Position all GREENS"
Vaughan Lowsley
22 Apr 14 15:00:32
Do you need #Stock #Research on $SWKS $AWI $UDR $GRPN #personalfinance http://t.co/7YS0ypwoj0
				
				
By  +Follow September 19, 2013 10:53AM
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