BUZZ-Groupon shares surge 30% after qtrly report exceeds expectations

Reuters05-11

** Shares of Groupon surge >30% on Fri, on track for biggest daily pct gain since Mar 2021, after e-commerce marketplace late Thurs reported Q1 rev above LSEG consensus expectations

** Stock last up 31% at $13.76

** Rev in qtr of $123.1 mln, up 1% yr/yr, topped avg analysts' estimate of $117.5 mln

** Wall Street median 12-month PT is $14, and of the three analyst ratings on the stock, two are a "buy" and one is a "sell" - LSEG

** Analysts at Roth MKM, which has a "buy" rating on GRPN, write in note that Q1 results "saw revenue increase YoY for the first time in eight years, EBITDA and cash flow were considerably better than guidance..."

** They add that "the recently enacted management compensation plan implies a high degree of confidence on management's part that the stock is heading higher."

** Including session move, GRPN up about 7% YTD vs a roughly 8% gain in the Nasdaq

(Reporting by Caroline Valetkevitch)

((caroline.valetkevitch@thomsonreuters.com))

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