NEW YORK (TheStreet) -- Shares of Groupon Inc. (GRPN) are up 1.30% to $6.19 in early trading on Monday after Piper Jaffray (PJC) said the number of deals available on the site are steadily increasing, according to the firm's proprietary deal tracking data.
Piper said Groupon's turnaround continues and it remains a buyer of the stock with an "overweight" rating and $16.00 price target.
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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 a number of negative factors, 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, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."