Groupon (GRPN) Tops Q3 EPS by 3c, Q4 Guidance Misses; Groupon Board Names Rich Williams CEO

Wells Fargo Downgrades Groupon, Inc. (GRPN) to Market Perform

Wells Fargo downgraded Groupon, Inc. (NASDAQ: GRPN) from Outperform to Market Perform.

For an analyst ratings summary and ratings history on Groupon, Inc. click here. For more ratings news on Groupon, Inc. click here.

Shares of Groupon, Inc. closed at $4.03 yesterday.

RBC Becoming 'More Cautious' on Groupon (GRPN)

A year after upgrading the stock and 8 months after raising his price target as high as $8, RBC analyst, Mark Mahaney, is now becoming more cautious on shares of Groupon (NASDAQ: GPRN) but still maintaining his Sector Perform rating. GRPN dramatically cut growth expectations as the company is prioritizing away from certain product categories (e.g. Consumer Electronics), while announcing a significant marketing... More

Groupon (GRPN) Losing Money for the Forseeable Future - Cowen

Groupon (NASDAQ: GRPN) revenue is expected to be down in FY16, to $2.75-3.05B, vs. $3.0-$3.1 in FY15, driven primarily by a potential decline of $250M y/y in Shopping. As Groupon faces increasing pressure, the founder and CEO is stepping down to make room for a former executive from Amazon, Rich Williams. Cowen analyst, Kevin Kopelman,... More

Groupon (GRPN) PT, Estimates Sliced at Evercore ISI on Weak Guidance

Evercore ISI analyst Ken Sena reiterated a Hold rating and cut estimates and his price target on Groupon, Inc. (NASDAQ: GRPN) to $3.00 (from $4.50) following substantially lower guidance.

Sena commented, "We are cutting our target to $3 (from $4.50) on substantially lower estimates to reflect the companys guide-down for its 4th quarter and 2016, which roughly halved our... More

Piper Jaffray Downgrades Groupon, Inc. (GRPN) to Neutral

Piper Jaffray downgraded Groupon, Inc. (NASDAQ: GRPN) from Overweight to Neutral with a price target of $2.50 (from $7.50), citing the transitioning business.

Analyst Gene Munster commented, "Groupon reported Sep-15 revenue 3% below the Street and EBITDA inline with the Street. GRPN guided down Dec-15 revenue by... More

BofA/Merrill Lynch Downgrades Groupon, Inc. (GRPN) to Underperform

BofA/Merrill Lynch downgraded Groupon, Inc. (NASDAQ: GRPN) from Buy to Underperform with a price target of $2.75 (from $5.50).

For an analyst ratings summary and ratings history on Groupon, Inc. click here. For more ratings news on Groupon, Inc. click here.

Shares of Groupon, Inc. closed at $4.03 yesterday.

Groupon (GRPN) Appoints Rich Williams as CEO

Groupon (NASDAQ: GRPN) hat its Board of Directors has appointed Rich Williams as Chief Executive Officer and member of the Board of Directors, effective immediately. Williams succeeds Eric Lefkofsky, Groupons co-founder, who has been Groupons CEO since August 2013. Lefkofsky will return to the role of Chairman of the Board, also effective immediately.

Rich is the right and natural choice for Groupons future, and he has the unanimous support of the Board of Directors. We are fully confident we have identified the best leader for our employees, customers, partners and shareholders, said Ted... More