NEW YORK (TheStreet) -- Shares of Groupon Inc. (GRPN) are higher by 1.22% to $7.89 in mid-morning trading on Friday, as the stock continues to see gains following comments made by Leon Cooperman, the CEO of the hedge fund Omega Advisors, early this week.
Cooperman said he believes the e-commerce market place's stock could be worth 50% more than its current price, ValueWalk reported.
"We think the underlying asset value of [Groupon] is substantially is in excess of where the stock is trading...the stock seems mis-priced. We think it's worth 40-50 percent more than it's [currently] trading," Cooperman told CNBC in an interview, ValueWalk added.
A November regulatory filing shows that Omega Advisors owns 8.8 million shares of Groupon, ValueWalk said.
Separately, TheStreet Ratings team rates GROUPON INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate GROUPON INC (GRPN) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share."