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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%)

11/12/18
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".
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.
11/13/18
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.
11/29/18
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.

TODAY'S FREE FLY STORIES

JNPR

Juniper

$27.99

0.16 (0.57%)

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PTC

PTC

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-1.14 (-1.33%)

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UNP

Union Pacific

$154.20

-0.8 (-0.52%)

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$49.92

0.21 (0.42%)

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MKC

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FCX

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ADTN

Adtran

$12.25

0.49 (4.17%)

20:14
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  • 24

    Jan

MSFT

Microsoft

$106.77

0.91 (0.86%)

, GOOGL

Alphabet Class A

$1,085.27

6.59 (0.61%)

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$1,085.27

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BIDU

Baidu

$163.22

2.81 (1.75%)

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EBAY

eBay

$32.62

-0.3 (-0.91%)

20:03
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  • 03

    Mar

CLR

Continental Resources

$45.30

-0.27 (-0.59%)

20:00
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Continental Resources to host conference call »

Conference call to…

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  • 23

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APY

Apergy

$33.20

-0.35 (-1.04%)

19:55
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  • 10

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AMZN

Amazon.com

$1,641.50

7.35 (0.45%)

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SMBK

SmartFinancial

$18.35

0.21 (1.16%)

19:08
01/23/19
01/23
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Earnings
SmartFinancial reports Q4 operating EPS 43c, consensus 37c »

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  • 24

    Jan

MLRYY

Mail.Ru Group

$0.00

(0.00%)

19:05
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Downgrade
Mail.Ru Group rating change at Goldman Sachs »

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BABA

Alibaba

$152.03

-0.1 (-0.07%)

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JPM

JPMorgan

$102.72

-0.23 (-0.22%)

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  • 26

    Feb

SLM

Sallie Mae

$9.49

0.1 (1.07%)

, XLNX

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AZPN

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LRCX

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URI

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TER

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VAR

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CP

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TXN

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F

Ford

$8.34

-0.17 (-2.00%)

BGG

Briggs & Stratton

$13.73

-0.46 (-3.24%)

PTC

PTC

$84.73

-1.14 (-1.33%)

CTXS

Citrix

$108.64

0.4 (0.37%)

LVS

Las Vegas Sands

$57.25

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FFIV

F5 Networks

$159.65

2.5 (1.59%)

CCI

Crown Castle

$110.28

1.13 (1.04%)

NCNA

NuCana

$14.37

-0.38 (-2.58%)

ADXS

Advaxis

$0.32

-0.0283 (-8.16%)

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FB

Facebook

$144.35

-3.45 (-2.33%)

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GOOG

Alphabet

$1,076.04

5.32 (0.50%)

, GOOGL

Alphabet Class A

$1,085.27

6.59 (0.61%)

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GOOG

Alphabet

$1,076.04

5.32 (0.50%)

GOOGL

Alphabet Class A

$1,085.27

6.59 (0.61%)

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FCPT

Four Corners Property Trust

$26.58

-0.09 (-0.34%)

, BLMN

Bloomin' Brands

$19.15

0.08 (0.42%)

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Four Corners Property Trust, Bloomin' Brands analyst commentary  »

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FCPT

Four Corners Property Trust

$26.58

-0.09 (-0.34%)

BLMN

Bloomin' Brands

$19.15

0.08 (0.42%)

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  • 14

    Feb

BAC

Bank of America

$28.91

-0.18 (-0.62%)

18:11
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Bank of America appoints Mike Joo as investment operating chief, Reuters says »

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  • 12

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F

Ford

$8.34

-0.17 (-2.00%)

18:08
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Ford says Russian alliance 'under review' »

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F

Ford

$8.34

-0.17 (-2.00%)

18:04
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18:04
Hot Stocks
Breaking Hot Stocks news story on Ford »

Ford says 'not…

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CHMG

Chemung Financial

$41.99

-0.11 (-0.26%)

18:04
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Earnings
Chemung Financial reports Q4 EPS $1.18, consensus $1.04 »

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03/08/13
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F

Ford

$8.34

-0.17 (-2.00%)

18:03
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Breaking Hot Stocks news story on Ford »

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F

Ford

$8.34

-0.17 (-2.00%)

18:01
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HSIC

Henry Schein

$76.92

-0.45 (-0.58%)

17:56
01/23/19
01/23
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17:56
Hot Stocks
Henry Schein falls after saying it will not be key supplier to VCA,Pet Partners »

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HSIC

Henry Schein

$76.92

-0.45 (-0.58%)

17:51
01/23/19
01/23
17:51
01/23/19
17:51
Hot Stocks
Henry Schein will no longer be key supplier to VCA and Pet Partners »

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