Groupon (GRPN) Shares Will Be in the Limelight Once Again... Soon
Tweet
Share
E-mail
Get Alerts GRPN Hot Sheet
Price: $12.20 -1.53%
Rating Summary:
14 Buy, 16 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
14 Buy, 16 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
Shares of Groupon (Nasdaq: GRPN) will be on watch over the next week or so ahead of its IPO quiet period expiration on December 14th.
The stock has been a disaster since coming public on November 4th. After pricing at $20 and opening at $28, shares went into absolute free fall. Shares hit rock bottom at $14.85 on November 28th, but have since bounced. The stock last traded at $18.75.
Once the quiet period ends, the underwriters will be able to launch research coverage with "Buy", "Holds" or "Sells," or equivalent. Par for the course, most of the underwriter ratings will likely fall more in the Buy camp.
The underwriters which will be free to launch coverage on the 14th include: Morgan Stanley, Goldman Sachs, Credit Suisse, BofA, Barclays, Citi, Deutsche Bank, JPMorgan, Wells Fargo, William Blair, RBC Capital, Williams Capital.
There are already four analysts that weren't part of the underwriting covering Groupon, according to data at Ratings Insider. The overall rating is Neutral with a $23.75 price target, according to the data.
Besides the quiet period expiration date, another important date in the Groupon IPO saga will be the share lock-up expiration. This will be the day insiders will be free to unloads millions of shares. That date is May 2nd, 2012.
Mark both these dates on your calendar.
The stock has been a disaster since coming public on November 4th. After pricing at $20 and opening at $28, shares went into absolute free fall. Shares hit rock bottom at $14.85 on November 28th, but have since bounced. The stock last traded at $18.75.
Once the quiet period ends, the underwriters will be able to launch research coverage with "Buy", "Holds" or "Sells," or equivalent. Par for the course, most of the underwriter ratings will likely fall more in the Buy camp.
The underwriters which will be free to launch coverage on the 14th include: Morgan Stanley, Goldman Sachs, Credit Suisse, BofA, Barclays, Citi, Deutsche Bank, JPMorgan, Wells Fargo, William Blair, RBC Capital, Williams Capital.
There are already four analysts that weren't part of the underwriting covering Groupon, according to data at Ratings Insider. The overall rating is Neutral with a $23.75 price target, according to the data.
Besides the quiet period expiration date, another important date in the Groupon IPO saga will be the share lock-up expiration. This will be the day insiders will be free to unloads millions of shares. That date is May 2nd, 2012.
Mark both these dates on your calendar.
Create E-mail Alert Related Categories
Analyst Comments, Insiders' Blog, Trader TalkRelated Entities
Credit Suisse, Deutsche Bank, William Blair, JPMorgan, Citi, Morgan Stanley, RBC Capital, Barclays, Wells FargoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
