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YELP

Yelp

$34.60

0.19 (0.55%)

20:47
12/09/18
12/09
20:47
12/09/18
20:47

Yelp holder SQN to send letter pushing for business review, WSJ reports

SQN Investors, a 4% shareholder, plans to send a letter to Yelp pushing for changes to the company's board following a "consistent pattern of operational blunders, poor forecasting and sharp guidance revisions," Cara Lombardo of Wall Street Journal reports after reviewing the letter. SQN believes the existing board doesn't appear willing to hold management accountable and wants Yelp to consider all options to get the business back on track, including a sale, Lombardo says. Reference Link

  • 14

    Dec

YELP Yelp
$34.60

0.19 (0.55%)

11/29/18
MKMP
11/29/18
NO CHANGE
Target $40
MKMP
Buy
Yelp price target lowered to $40 from $56 at MKM Partners
MKM Partners analyst Rob Sanderson lowered his price target on Yelp to $40, saying the stock is "damaged" because of the company's flawed business model and execution challenges. The analyst keeps his Buy rating however, saying the service still "provides value to a sizeable audience, continues to expand its value-add and connects many businesses to high-value customers and jobs". Sanderson expects Yelp's value to be "eventually monetized". Sanderson bases his price target on his view that "low-growth Internet stocks with spotty execution should trade around 10-tmes EBITDA" multiple.
11/13/18
SBSH
11/13/18
NO CHANGE
SBSH
Buy
Citi says now not the time to throw in towel on Yelp
Citi analyst Mark May believes the 27% post-earnings pullback Friday in shares of Yelp is understandable as the company's growth slowed, "and this represents another sales-related execution issue." However, now is not the time to throw in the towel on the stock, May tells investors in a research note. The factors driving the latest missteps appear addressable and similar to past issues that the company has ultimately worked through, says the analyst. Further, May notes that management has been able to improve margins and maintain profit growth. In addition, the valuation "is at levels that have represented a floor historically," May writes. He keeps a Buy rating on Yelp.
11/12/18
11/12/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Yelp (YELP) downgraded to Hold om Buy at SunTrust with analyst Matthew Thornton citing a surprising and disappointing set of Q3 results following a "stellar" first half of 2018, highlighted by the return of sales execution issues, yielding an unexpected slowdown in gross account adds and continued churn. 2. Cheesecake Factory (CAKE) downgraded to Underweight from Equal Weight at Barclays with analyst Jeffrey Bernstein saying he sees headwinds persisting following the company's "disappointing" Q3 results and views the valuation as full at current share levels. 3. Infinity Pharmaceuticals (INFI) downgraded to Underweight from Neutral at JPMorgan and to Market Perform at Wells Fargo. 4. Skyworks (SWKS) downgraded to Neutral from Buy at Citi with analyst Atif Malik saying the company is being impacted by broad smartphone weakness, disappointing unit sales of Apple's (AAPL) iPhone XR, and a high Apple concentration, which represented 39% of sales in fiscal 2019. 5. AB InBev (BUD) downgraded to Hold from Buy at Argus with analyst David Coleman citing the company's dividend cut, which he believes reduces the attraction of the stock to income investors. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/12/18
DADA
11/12/18
NO CHANGE
Target $43
DADA
Buy
Yelp price target lowered to $43 from $53 at DA Davidson
DA Davidson analyst Tom Forte lowered his price target on Yelp to $43 after its "disappointing" performance in Q3. The analyst says the results were a surprise given how much "improvements the company has made in executing on the promise of its business model since Lanny Baker joined as CFO in 2016". Forte keeps his Buy rating on Yelp however, stating that the company is "actively working to address the reasons for the shortfall" in Q3 paying advertising additions and believes that the management "can make the necessary adjustments to get its business on track".

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SSYS

Stratasys

$18.35

-2.39 (-11.52%)

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GLD

SPDR Gold Shares

$137.98

0.56 (0.41%)

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CPA

Copa Holdings

$107.71

1.89 (1.79%)

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CCI

Crown Castle

$131.34

0.67 (0.51%)

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  • 12

    Dec

GOOG

Alphabet

$1,298.00

-0.77 (-0.06%)

, GOOGL

Alphabet Class A

$1,296.00

-1.18 (-0.09%)

17:48
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Periodicals
Google confirms several features not available on Stadia at launch, Kotaku says »

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GOOG

Alphabet

$1,298.00

-0.77 (-0.06%)

GOOGL

Alphabet Class A

$1,296.00

-1.18 (-0.09%)

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BAESY

BAE Systems

$0.00

(0.00%)

17:44
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BAE Systems awarded maximum $270.6M Navy contract modification »

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HBT

HBT Financial

$16.99

0.18 (1.07%)

17:38
11/13/19
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17:38
Hot Stocks
HBT Financial director Patrick Busch buys over 13K shares of company stock »

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TMO

Thermo Fisher

$299.90

3.82 (1.29%)

, QGEN

Qiagen

$35.52

3.26 (10.11%)

17:38
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17:38
Periodicals
Thermo Fisher considering purchase of Qiagen, Bloomberg reports »

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TMO

Thermo Fisher

$299.90

3.82 (1.29%)

QGEN

Qiagen

$35.52

3.26 (10.11%)

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  • 02

    Dec

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    Dec

AOBC

American Outdoor Brands

$7.90

0.22 (2.86%)

17:36
11/13/19
11/13
17:36
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17:36
Conference/Events
American Outdoor Brands to hold a conference call »

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CRK

Comstock Resources

$7.18

0.3 (4.36%)

17:33
11/13/19
11/13
17:33
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17:33
Syndicate
Breaking Syndicate news story on Comstock Resources »

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SU

Suncor

$31.90

0.02 (0.06%)

17:32
11/13/19
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17:32
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17:32
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Suncor increases share repurchase program by $500M »

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  • 18

    Nov

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    Nov

VRRM

Verra Mobility

$14.70

0.045 (0.31%)

17:24
11/13/19
11/13
17:24
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17:24
Syndicate
Verra Mobility files to sell 15M shares of Class A common stock for holders »

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  • 13

    Nov

  • 14

    Nov

EQ

Equillium

$3.20

-0.19 (-5.60%)

17:22
11/13/19
11/13
17:22
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17:22
Syndicate
Breaking Syndicate news story on Equillium »

Equillium files $250M…

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  • 07

    Dec

PAG

Penske Automotive

$51.36

0.015 (0.03%)

17:13
11/13/19
11/13
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17:13
Syndicate
Breaking Syndicate news story on Penske Automotive »

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  • 13

    Nov

LLY

Eli Lilly

$112.85

-0.31 (-0.27%)

17:12
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FDA committee says benefits of empagliflozin do not outweigh risks »

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  • 30

    Jan

PRTH

Priority Technology

$3.24

-0.03 (-0.92%)

17:08
11/13/19
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Earnings
Priority Technology reports Q3 EPS (9c), one estimate (12c) »

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DPZ

Domino's Pizza

$279.24

1.185 (0.43%)

17:07
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  • 13

    Nov

  • 11

    Dec

  • 12

    Dec

WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

17:04
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Periodicals
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WE

We Company

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

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GLYC

GlycoMimetics

$6.27

0.31 (5.20%)

17:02
11/13/19
11/13
17:02
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17:02
Initiation
GlycoMimetics initiated  »

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BLK

BlackRock

$485.67

-1.24 (-0.25%)

17:00
11/13/19
11/13
17:00
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17:00
Hot Stocks
BlackRock CFO sells nearly 4,000 common shares »

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  • 10

    Dec

ARVN

Arvinas

$28.35

1.85 (6.98%)

16:58
11/13/19
11/13
16:58
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16:58
Initiation
Arvinas initiated  »

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03/08/13
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FEYE

FireEye

$17.09

-0.04 (-0.23%)

16:57
11/13/19
11/13
16:57
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16:57
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  • 09

    Dec

  • 12

    Dec

CSCO

Cisco

$48.44

0.06 (0.12%)

16:54
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Cisco says cyber security is a top priority for customers »

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  • 13

    Nov

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    Dec

JPM

JPMorgan

$128.49

-0.65 (-0.50%)

16:54
11/13/19
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16:54
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16:54
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JPMorgan's new HQ plan clears path for another NYC tower, Bloomberg says »

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  • 21

    Nov

  • 14

    Jan

SIBN

SI-Bone

$17.88

0.14 (0.79%)

16:53
11/13/19
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16:53
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Syndicate
Breaking Syndicate news story on SI-Bone »

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