Groupon quarter 'not as bad as it looks,' says Piper Jaffray Piper Jaffray attributes the post-earnings pullback in shares of Groupon to the company's North America local billings decelerating to 2% year-over-year growth and itís weaker than expected earnings guidance. Piper says the quarter is "not as bad as it looks" and keeps an Overweight rating on the stock with a $15 price target. The firm believes Groupon remains well positioned to build a deal marketplace.
Groupon jumps 5% after positive mention by Leon Cooperman Shares of Groupon are trading higher after Leon Cooperman of Omega Advisors said on CNBC that his firm believes shares are worth 40%-50% more than current trading levels. Cooperman added that the provider of coupons is not a large holding for Omega. Groupon shares are up 5%, or 32c, to $7.15 in afternoon trading.