Shares of Groupon Inc. (NASDAQ: GRPN) soared on Thursday to clock a new 52 week high after Stifel Nicolaus upgraded the online marketplace stock to a “buy” from a “hold”. The firm has a price target of $16. Ever since Eric Lefkofsky took over the reins of the Company from Andrew Masson, the stock has rebounded after hitting a record low in late 2012. In the research report, Stifel’s research analyst, Jordan Rohan said that although the company hasn’t shown acceleration in growth, it could do it in the near-future and perhaps in this quarter itself.
Tag: GRPN
Groupon Acquires Online Booking App, Blink
Daily deals site, Groupon Inc. (NASDAQ: GRPN) announced on Monday that it has acquired Blink Booking. Blink Booking is a Madrid based start-up which made last minute hotel booking app called Blink. The terms of the deal were not revealed though. Blink, which was founded in 2011, raised $2.5 million last year in order to expand its traction. According to Blink Booking’s website, the app at present offers last minute bookings for hotels spread across 184 cities in eight countries. The deal will help Groupon to expand its presence in Europe. The Blink app has been downloaded more than 600,000 times so far.
Groupon Shares Rally After Morgan Stanley Upgrade
Shares of e-commerce marketplace, Groupon Inc. (NASDAQ: GRPN) gained sharply on Thursday after Morgan Stanley upgraded the stock to a “buy”, citing turnaround in North American region due to the introduction of the deal bank. Besides, in the research report, Morgan Stanley’s equity analyst, Scott Devitt also said that Groupon’s growing revenue from mobile business is raising confidence that the company will soon be able to stage a turnaround in other regions such as Europe, The Middle-East and Africa and benefit from sizable market opportunity. So far this year, the Stock has gained 126%.
Major Movers on June 14; RH, GRPN, CASY, SWHC, GME
Shares of Restoration Hardware Holdings Inc. (NYSE: RH) catapulted about 18% by afternoon trade. The home furnisher late on Thursday announced fiscal first quarter results. The Company said that first quarter loss narrowed due to lower expenses. The Company earned 6 cents a share on non-GAAP basis against a loss of 4 cents a share, in the same quarter of last year. Analysts’ consensus estimate was for earnings of 4 cents a share, according to a data compiled by Thomson Reuters. Revenue climbed 38% to $301.34 million from $217.92 million, in the year earlier quarter and topping Street’s estimate for $299.13 million. Same-store-sales jumped 41% compared to 26% in the same period of last fiscal year.
Continue reading Major Movers on June 14; RH, GRPN, CASY, SWHC, GME
Groupon Stock Upgraded by Deutsche Bank (GRPN)
Daily deal site, Groupon Inc. (NASDAQ: GRPN) shares were upgraded to “buy” from “hold” by Deutsche Bank on Friday. The Bank also raised its price target on GRPN to $10 from $6. Continue reading Groupon Stock Upgraded by Deutsche Bank (GRPN)
Jana Partners Discloses Stake in Groupon and Zynga (GRPN, ZNGA)
Jana Partners, one of the leading activist hedge funds, managed by Barry Rosenstein, revealed on Wednesday that it holds stake in Groupon Inc. (NASDAQ: GRPN) and Zynga Inc. (NASDAQ: ZNGA).
Continue reading Jana Partners Discloses Stake in Groupon and Zynga (GRPN, ZNGA)
Major Movers on May 9; GMCR, ATVI, GRPN, RAX, TSLA, RAX, BKS
Shares of Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) soared about 25% by afternoon trade after the coffee maker, late last evening, announced that it has extended its partnership with the world’s biggest coffee-store chain, Starbucks Corp (NASDAQ: SBUX). Under the latest agreement, Green Mountain would triple its supplies of KEURIG Brewers line of products to Starbucks.
Continue reading Major Movers on May 9; GMCR, ATVI, GRPN, RAX, TSLA, RAX, BKS
Groupon Trims Q1 Losses, Provides Upbeat Guidance (GRPN)
Daily-deals site Groupon Inc. (NASDAQ: GRPN) handed better-than-expected fiscal first quarter revenue late last evening and provided upbeat guidance on the current quarter, fanning hopes that the beleaguered company has seen its worst, sending shares soaring 11% in extended-trading hours.
Continue reading Groupon Trims Q1 Losses, Provides Upbeat Guidance (GRPN)
Major Movers on April 2; UNH, HUM, CI, AET, WLP, GRPN, SCVL, URBN, HTZ
Shares of healthcare service providers rallied on Tuesday after the government announced new rates which showed that companies running Medicare Advantage plans will get considerable more money than originally expected. Shares of Dow Component, United Health Group (NYSE: UNH) climbed about 5% by afternoon trade while Humana Inc. (NYSE: HUM), Cigna Corporation (NYSE: CI), Aetna Inc. (NYSE: AET), WellPoint Inc (NYSE: WLP) also jumped.
Continue reading Major Movers on April 2; UNH, HUM, CI, AET, WLP, GRPN, SCVL, URBN, HTZ
UBS Initiates Coverage on Groupon with a “Sell” Rating (GRPN)
Shares of embattled daily deal site, Groupon Inc. (NASDAQ: GRPN) nosedived on Tuesday after UBS analyst Eric Sheridan initiated the coverage on the stock with “sell” rating, setting a price target of $4.40 a share.
Continue reading UBS Initiates Coverage on Groupon with a “Sell” Rating (GRPN)