|Bid||0.0000 x 40000|
|Ask||0.0000 x 40700|
|Day's Range||2.9000 - 2.9700|
|52 Week Range||2.3100 - 4.0000|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||243.33|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Today, the DJIA rose 122 points and the S&P; 500 Index gained 0.6%. However, tech stocks Oracle (ORCL), DXC Technology, and Groupon lagged the market.
YELP stock was up on Thursday following talk about a possible merger with Groupon (NASDAQ:GRPN).Source: BigTunaOnline / Shutterstock.com According to these recent reports, Groupon is considering merging with Yelp (NYSE:YELP) to unlock more value. The combination makes sense as Groupon offers daily deals to customers and Yelp hosts reviews for businesses.It's still unknown exactly what, if any, plans the two companies have for a merger. This includes no leaked details about possible offer prices or how the deal would go down. Groupon and Yelp are also both refusing to comment on the matter.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat we do know is that there is mixed support for such a merger from Groupon investors. Robert Chapman, founder of Chapman Capital, sold part of his stake in the company earlier this week. He believes that such a large deal isn't right for Groupon right now. However, reports claim that there are other investors in favor of such a deal.While the current rumors moving YELP stock and GRPN stock have to do with a deal between the two, that may not be all there is going on. Some analysts believe that GRPN itself may become the target of an acquisition or merger, reports The Wall Street Journal. * 10 Battered Tech Stocks to Buy Now Groupon may not be the only company eyeing Yelp. There were rumors going around last week that Facebook (NASDAQ:FB) was interested in picking up the company. These reports were claiming that FB was willing to pay as much as $5.8 billion for YELP.YELP stock was up 4% and GRPN stock was down 4% as of Thursday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy As of this writing, William White did not hold a position in any of the aforementioned securities.The post M&A News: YELP Stock Jumps on Groupon Deal Talk appeared first on InvestorPlace.
Investing.com – Yelp climbed on Thursday on a report that the online review site may be an acquisition target for daily deals company Groupon, according to The Wall Street Journal.
With its shareholders uneasy about its financials and valuation, Groupon Inc. (NASDAQ: GRPN ) is pursuing an acquisition, The Wall Street Journal reported Wednesday. What Happened Groupon could be interested ...
Groupon, under pressure from activist investors to boost its value, is pursuing an acquisition and the target could be Yelp, a report says.
U.S. stock futures rise after Donald Trump says the United States agreed to a two-week delay in a planned increase in tariffs on some Chinese imports; investors await a key policy statement from the European Central Bank; Oracle co-CEO Mark Hurd will take a medical leave of absence; Groupon reportedly is pursuing an acquisition and the target could be Yelp.
Shares in Yelp Inc. gained in after-hours trading Wednesday following a report that Groupon Inc. could attempt to acquire the company. The Wall Street Journal reported Wednesday afternoon that Groupon is seeking a large acquisition amid unrest from some prominent investors. Two anonymous sources told the Journal that Yelp could be the target, even though Yelp is worth substantially more than Groupon. At Wednesday's close, Yelp had a market capitalization of $2.46 billion, while Groupon was worth $1.71 billion, according to FactSet. One investor, Robert Chapman of Chapman Capital LLC, told the Journal that he sold his 1.5% stake in Groupon on Tuesday because he considered the path of a large acquisition too risky, and had been trying to convince management to instead buy back more stock or sell itself. Yelp shares gained about 3.5% after the report hit Wednesday afternoon, while Groupon shares were not immediately affected.
Today we'll evaluate Groupon, Inc. (NASDAQ:GRPN) to determine whether it could have potential as an investment idea...
In 2011, now-beleaguered daily-deals company Groupon held the largest initial public offering since Alphabet (Google) went public back in 2004. It was recently fetching $2.49, down from its IPO price of $20 in November 2011. As a result, some investors have been increasing their holdings in Groupon in the hope they can get the management to buy back its stock, the Journal reported.
Earlier this year, I shared my thoughts on the shares of online discounts marketplace Groupon (NASDAQ:GRPN). My thesis was pretty simple. Specifically, I believed that, over the long-term, Groupon has staying power in the commerce world as a go-to discounts marketplace for a loyal base of consumers, and that GRPN stock would rise meaningfully. But the company's recent sluggish growth trends do not support the idea that Groupon has staying power, and until those sluggish growth trends turn around and do support that idea, GRPN stock won't rebound.Source: Shutterstock Given this situation, GRPN stock will keep falling for the foreseeable future. But it will eventually bottom and turn around.When I wrote my previous column about GRPN, Groupon was a $3.50 stock. Today, GRPN stock trades hands around $2.45, a 30% plunge in about six months. That's a big drop. But, is it big enough to make Groupon stock worth buying today?InvestorPlace - Stock Market News, Stock Advice & Trading TipsNo. From a fundamental, long-term perspective, GRPN stock does look undervalued today. But GRPN is only undervalued if it can stabilize its user base, revenues, and margins over the next several years through improving the experience of its users and doubling down on local, experience-focused discounts.Right now, the numbers and trends do not indicate that the company can accomplish those goals. Until that changes, investors will continue to assume the worst about Groupon stock, as they should.So Groupon stock will probably remain weak until its numbers turn around. I'm not sure when that will happen. Consequently, there's simply too much uncertainty and risk to warrant buying GRPN stock at this point. * 7 Retail Stocks to Buy on the Dip Groupon Can Make a Huge ComebackGroupon has a decent shot to make a huge comeback over the next several years.Two things which consumers are consistently attracted to - regardless of consumption habits or the state of the economy - are low prices and high convenience. Discounts result in low prices.GRPN is an online discounts marketplace. Sure, there's lots of competition in the online discounts sector. Large companies offer discounts through their own stores and websites. Thus, although everyone likes discounts, not everyone will use Groupon. Many people will go straight to retailers for discounts, and a lot will obtain their discounts from other third parties besides GRPN.But Groupon has a large enough user base (nearly 50 million active customers) and high enough brand awareness to remain a relevant player in the non-cyclical-growth online discounts world. Indeed, through growth initiatives like improving users' experience and focusing on local discounts, Groupon has an opportunity to actually increase its relevance in the online discounts world over the next few years.As a result, there is a realistic opportunity for GRPN to grow its sales, margins, and profits at a steady, albeit slow, rate over the next several years. My modeling suggests that - assuming 0%-1% customer growth, 1-2% revenue growth, and slight margin expansion - Groupon's earnings per share could reach 30 cents by fiscal 2025. Based on a forward price-earnings multiple of 16, which is average for the markets, the 2024 price target for GRPN stock would be nearly $5, about double today's price tag. Current Trends Don't Support a ReboundThe glaring problem with the long-term bull thesis on GRPN stock is that current trends don't support the thesis, and haven't for a long time.At the end of 2017, Groupon's gross billings growth rate was -3.7%, excluding currency changes. In each of the six quarters since then, its gross billings have dropped by at least 6% year-over-year, including a gross billings drop of 9.5% last quarter.On the revenue front, Groupon just reported an 11.7% constant-currency drop last quarter. Meanwhile, on the customer front, Groupon's customer base started shrinking in the second quarter of 2018, and its declines have accelerated every quarter since.In other words, Groupon's top-line growth trends are accelerating in the wrong direction.Its margin trends have been on a similar trajectory. Throughout 2018, Groupon's adjusted EBITDA margins were consistently, meaningfully expanding. That trend has reversed course in 2019. In Q1, the company's adjusted EBITDA margins dropped nearly 0.3 percentage points YoY. In Q2, its adjusted EBITDA margin decline accelerated to nearly 0.4 percentage points.Groupon's top- and-bottom-line trends are accelerating in the wrong direction. That doesn't give much credence to the long-term bull thesis.Until these trends reverse course, investors will continue to assume the worst, and GRPN stock will remain weak. The Bottom Line on GRPN StockIn the long-term, I think GRPN stock can reach the $5 range. But that long-term bull thesis is based on the idea that Groupon can remain a popular discounts marketplace.The company's current growth trends do not support that idea. Until they do, investors won't believe it, and until investors believe it, GRPN stock won't rebound.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post Groupon Stock Is Cheap, But It's Not Worth Buying Yet appeared first on InvestorPlace.
Groupon Inc (NASDAQ:GRPN), the group discount e-commerce company, has not had a good summer. And anyone holding Groupon stock has had an even worse time of it. After reporting disappointing Q2 results at the end of July, GRPN stock tanked.Source: Shutterstock By last week, shares were trading at $2.32 -- an all-time low. However, on Monday investors saw a hint of blue sky when GRPN popped 4.24%, sitting at $2.46 to end the day. That's two straight days of positive movement for GRPN.The big question is whether this is the start of a recovery, or a brief respite from a slide that could see Groupon sink even lower.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Disappointing Q2 Earnings Hammered Groupon Stock As July wound down, GRPN stock was trading in the $3.50 range. That's a far cry from the frothy post-IPO days in 2011, when it topped $26, but it was up 8% or so since the start of 2019. * Major Headlines Mean Opportunities for Smart Investors But on July 30, the company reported Q2 earnings and the market reaction was swift. Revenue of $532.6 million was down 14% year-over year and the company recorded a loss of 7-cents per share, significantly off what analysts had been expecting.Adding to the growing challenge for Groupon was a continued erosion of its business and customer base in virtually all areas of its operations. Revenue was down double digits in both the North American and international markets. While the local daily deals the company built its name on saw a 4% drop in revenue compared to last year, the segments investors had been looking to for sustained growth -- travel and and e-commerce -- suffered even steeper declines, with revenue down 18% and 21% respectively. The total number of active customers dropped to 46.2 million, down from the 47.2 million the company claimed in Q1.Groupon's CEO Rich Williams tried to put a positive spin on the situation, telling investors:"With more than 45 million active customers worldwide and more than 200 million mobile downloads, we have built a scalable marketplace to capture the massive local commerce opportunity. As we sharpen our focus on engaging higher-value customers, we are seeing encouraging progress. Entering the second half of 2019, we remain committed to advancing our key strategic priorities to build the daily habit in local commerce and delivering value to customers, merchants and stockholders alike."The market wasn't buying it and Groupon stock tanked, losing nearly a third of its value in the two weeks after -- until gains on Friday and Monday. Can Groupon Turn Things Around?Groupon is in a really tough situation. As InvestorPlace's Vince Martin pointed out a few months ago, nearly eight years after its IPO it's still not clear that Groupon's business model actually works. In fact based on quarter after quarter of declining revenue (10 straight year-over-year quarterly declines and only one gain in the past 15 quarters), there's a pretty strong argument that the company has hit the wall in terms of what it can do. Making the situation even worse, there are some strong competitors looking to scoop Groupon's customers. One of these daily deal websites, Woot, is owned by e-commerce giant Amazon (NASDAQ:AMZN), who snapped it up in 2010. * 10 Mid-Cap Dividend Stocks to Buy Now Despite yet another disappointing quarter, Groupon is sticking by its full-year guidance of delivering an adjusted EBITDA of approximately $270 million. If manages to pull that off, it could be that in hindsight, the $2.32 Groupon stock hit last week will prove to be the bottom of the trough. But there are a lot of things that have to go right for GRPN to turn things around.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities.The post Does Monday's Pop Signal a Turnaround for Groupon Stock? appeared first on InvestorPlace.
All 10 companies on this list of the biggest pre-IPO cash guzzlers are either trading below their first day offering price or are out of business.
Stocks got absolutely crushed at the start of August. From Wednesday's less dovish than hoped for rate cut onward, the stock market went into steep decline. President Donald Trump's latest provocations in the trade war only added to the nervous mood on Wall Street. Instead of looking for stocks to invest in, traders headed for the exits.The S&P 500 dropped far under the psychological 3,000 level. Meanwhile the Dow Jones Industrial Average shed 1,000 points from its recent highs. Tech stocks got particularly hammered.With all that selling, however, comes opportunity. In particular, a lot of folks are looking for lower-priced stocks that could move back up quickly once the market finds its footing. While stock price alone doesn't indicate a company's value or riskiness -- it is market cap that counts more -- low-priced shares are often more volatile. As a result, these stocks could bounce back in a hurry as the market recovers.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Dividend Aristocrat Stocks to Buy Now No Matter What Here are seven stocks to invest in now following the recent market declines. Stocks to Invest in: Fitbit (FIT)Source: Shutterstock Fitbit (NYSE:FIT) just announced another lousy quarter. Traders, not surprisingly, have pummeled the stock down to fresh 52-week lows. And, since its IPO, FIT stock is now down a crushing 90%. Since February alone, FIT stock has lost nearly half its remaining value.But it's not game over for Fitbit just yet. That's because the company has a substantial net cash position. It should exit 2019 with something like $550 million to $600 million in cash against a market cap of just $850 million. This means that a competitor can buy Fitbit for something like $1.2 billion -- a nearly 50% premium to the current depressed stock price -- and still only pay $600 million to get the actual company net of cash.Why would a competitor buy Fitbit? To compete with Apple (NASDAQ:AAPL). Apple's watches are doing well, and it is hard for Fitbit to compete as a standalone company. They are having to cut expenses, including research, which makes it hard to keep up. By contrast, a competitor with far more resources could benefit from having the Fitbit brand and reinvigorating it with more tech and marketing dollars. FIT stock will likely continue to erode in value if nothing happens, however, so be careful of that. The exit strategy here is clearly a takeover. Lloyds Banking Group (LYG)Source: Shutterstock Britain's will-they-or-won't-they Brexit drama has taken another turn. The controversial right-wing figure Boris Johnson became Britain's newest prime minister just over a week ago. Already, his new government was dealt a blow. A special election dropped Johnson's conservative party majority to just one seat. This heightens speculation that Johnson will need to call new elections before Oct. 31, which is the current deadline for the United Kingdom to leave the European Union.All this uncertainty has led British assets to fall even farther. The British pound is back to its 2016 lows against the dollar and is threatening to hit new all-time lows against the euro. People are dumping everything British. Lloyds Banking Group (NYSE:LYG), the $45 billion financial giant, has seen its stock slump from $2.80 to $2.45 just in the past few weeks. But is it really so bad?For one thing, the Brexit drama has been running for more than three years now. The British economy has already slowed down due to uncertainty. At this point, any businesses and consumers who were going to act out of worry about Brexit have done so already. On the plus side, Johnson is promising pro-business measures. He's often described as a British Trump, which certainly raises people's concerns. But if you bought stocks when Trump was elected, you've done very well. Johnson could usher in a similar surprise for beaten-down British stocks. * 5 Cheap Stocks to Buy Now That the Fed Cut Rates LYG stock in particular is now offering a more than 7% trailing-12-month dividend yield. It's trading at just 9x trailing and 8x forward earnings. It is also at less than 80% of book value. Even mediocre large banks tend to trade for at least book value if not a slight premium, which would suggest LYG stock is worth closer to $3.50 instead of the current $2.50 price. Groupon (GRPN)Source: Shutterstock Groupon (NASDAQ:GRPN) certainly isn't a hot stock anymore. At one time, people thought Groupon could be the internet's next big advertising platform. In fact, Groupon was so popular that rivals like Living Social attracted multi-billion dollar valuations as well. Well, the hype has definitely worn off. But Groupon is far from dead, and its share price discount makes it one of our stocks to invest in.The company has consolidated its rivals and faces little meaningful competition in its niche anymore. And business is still strong; there are plenty of people who like coupons, after all.It's not all great news for Groupon. The company's revenues have been declining at a single digit rate in recent years. It is trying to offset that with bigger average deal and international expansion. However, with the company's strong cash position, it has plenty of time to turn things around. Additionally, trading at less than 10x cash flow and 5x EBITDA, GRPN stock is cheap for an internet property. That could make it a takeover target for a larger firm or private equity. Cemex (CX)Source: Wikimedia CommonsIf you're like many people, the last time you heard about Cemex (NYSE:CX) was a few years ago when CNBC was hyping a few trades to take advantage of the Trump election. In theory, Cemex was supposed to be a great pick because they'd supply cement to build the wall. For a variety of reasons, this never played out, and CX stock has dropped 50% since then, including a 20% decline just over the past month.But with Cemex totally off everyone's radars, it has now become one of our stocks to invest in. Although Cemex is a Mexican company, it is one of the largest cement producers in America as well. Not surprisingly, investors have dumped the stock given concerns about the American economy and the uncertainty in Mexico since the new government took over there last winter.However, this consensus is mistaken. For one thing, Mexico's economic outlook is still strong, particularly with the North American Free Trade Agreement replacement deal now heading for approval. And the panic over a potential U.S. recession seems overblown. The jobs numbers and consumer confidence are both still near 20-year highs. Additionally, the Federal Reserve rate cuts will lower interest rates, allowing businesses to borrow more money. This, in turn, leads to more construction. * 10 Stocks to Buy on the Trade War Dip Why buy Cemex stock specifically? The company is selling off non-core European assets at favorable valuation ratios to reduce its debt. With that taken care of, the company should return more capital to shareholders in coming years. On a current EV/EBITDA basis, CX stock should be worth closer to $5 instead of the current $3.25 price. Additionally, when CX stock traded down to $3 in both 2012 and 2016, it subsequently rebounded to $10. A similar repeat now would cause shares to triple from here. B2Gold (BTG)Source: Shutterstock I last discussed B2Gold (NYSEAMERICAN:BTG) in my "3 Stocks Under $3 To Consider" article earlier this summer. BTG stock is no longer eligible for that category, as shares have surged 20% in recent weeks to top the $3 mark. In fact, BTG stock just hit fresh 52-week highs on Wednesday despite the broad market selling.I'd refer you back to my previous article for a more detailed overview of B2Gold's operations. The summary, however, remains that it is one of the most diversified smaller gold mining operations out there with impressive growth and an above-average caliber management team.More broadly, gold is continuing to power higher this summer, and silver has started tagging along for the ride. This indicates that investor sentiment for precious metals is rapidly heating up. Throw in the recent Fed rate cut and market unease elsewhere and things are coming together nicely for the precious metals here. BTG stock will continue to ride that wave higher. Sandstorm Gold (SAND)Source: Shutterstock With gold stocks on an absolute tear, it's worth featuring another one among our stocks to invest in as well. Sandstorm Gold (NYSEAMERICAN:SAND) is different from most gold firms because it is a streamer, not a miner. That means that it gets royalties from the production of other company's mines. In effect, Sandstorm is a specialty mining finance operation. This greatly reduces operating risk, because the mining firm, not the royalty owner, takes the hit if the mine fails to live up to expectations or other issues such as strikes or geopolitical problems occur.Over the past decade, while gold mining stocks, as a sector, have lost close to half their value in composite, the streamers have gained value. And Sandstorm, as one of the smallest and fastest-growing, has incredible leverage to the upside in the price of gold. Sandstorm just announced record gold-equivalent ounces of production last quarter. And it has big new asset streams coming online over the next couple of years. * 10 Cyclical Stocks to Buy (or Sell) Now SAND stock is already close to a double from last year's lows. But it could have a lot farther to go, especially if gold tops $1,500/oz this fall. Republic First Bancorp (FRBK)Source: Shutterstock Republic First Bancorp (NASDAQ:FRBK) is the last of our stocks to invest in. It's also in the doghouse at the moment. The northeastern regional bank has dropped from $7.50 in December to near $4 per share this summer. But it may not stay there long.Republic First has a few positive features that most small banks lack. For one, it has a superstar backer in the form of Vernon Hill. Hill led Commerce Bank to such great success that Canadian giant Toronto-Dominion Bank (NYSE:TD) eventually acquired it. Hill used that success to launch Metro Bank in the U.K. and bolster Republic First over here. He owns a large chunk of FRBK stock, and First Republic has brought in many of Hill's executives from Commerce to work for it.Republic First is now growing aggressively. It's posting double-digit deposit and loan growth rates. On top of that, the bank is set to open a premium Manhattan branch location at the corner of 14th St. and 5th Ave., which is a massive pedestrian traffic spot. Combine the bank's aggressive growth with its book value -- currently $4.22 -- and there's a lot to like. Downside on the stock is most limited as it already merely trades for book. But with 15%-20% growth in deposits and loans annually, this thing could take off in a hurry, as it is one of the fastest-growing Northeastern banks.At the time of this writing, Ian Bezek owned SAND stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Aristocrat Stocks to Buy Now No Matter What * 7 Stocks to Buy to Ride the Vegan Wave * 4 Safe Stocks to Buy Amid Trade War Turbulence The post 7 Stocks Under $7 to Invest in Now appeared first on InvestorPlace.
Groupon has acquired San Francisco-based text and voice communication startup Presence AI as it aims to improve the booking experience for customers that use its service.