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Groupon Inc (GRPN) [hlAlert]

Rating:
Market Perform
GRPN
down 73.07 %

Groupon Inc (GRPN) downgraded to Market Perform by Wells Fargo

Posted on: Wednesday,  Nov 4, 2015  10:25 AM ET by Wells Fargo

Wells Fargo rated Market Perform Groupon Inc (NASDAQ: GRPN) on 11/04/2015. Previously Wells Fargo rated Outperform Groupon Inc (NASDAQ: GRPN) on
12/11/2013., when the stock price was $10.51. Since then, Groupon Inc has lost 73.07% as of 11/04/2015's recent price of $2.83.
If you would have followed the previous Wells Fargo's recommendation on GRPN, you would have lost 73.07% of your investment in 693 days.

Groupon, Inc. (Groupon) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount. Each day the Company e-mails its subscribers discounted offers for goods and services that are targeted by location and personal preferences. Consumers also access its deals directly through its Websites and mobile applications. The Company operates in two segments: North America, which represents the United States and Canada; and International, which represents the rest of its global operations. Customers purchase Groupons from the Company and redeem them with its merchants. As of September 30, 2011, the Company featured deals from over 190,000 merchants worldwide across over 190 categories of goods and services. Groupon primarily addresses the worldwide local commerce markets in the leisure, recreation, foodservice and retail sectors.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/4/2015 10:25 AM Hold
None
2.83
as of 8/27/2015
1 Week down  -3.38 %
1 Month down  -20.14 %
3 Months down  -35.24 %
1 YTD down  -63.63 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/11/2013 8:25 AM Buy
None
10.51
2/28/2013 8:25 AM Hold
None
4.40

(*) Stock Price at the time of the recommendation.
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