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YELP

Yelp

$34.57

-0.4 (-1.14%)

09:38
01/03/19
01/03
09:38
01/03/19
09:38

Activist pressure may help Yelp 'unlock shareholder value', says MKM Partners

MKM Partners analyst Rob Sanderson kept his Buy rating and $40 price target on Yelp, saying there is potential for the company to "unlock value for shareholders under activist pressure". The analyst notes that he sees several potential pathways to value creation, including "continued capital returns and expense discipline", but believes that the company's strategy shift for Request a Quote "may offer the greatest upside potential." Sanderson warns that Yelp has suffered from spotty execution and meaningfully slowing growth, but notes that its sizeable audience and continued expansion in its value-add platform justifies his positive outlook on the shares.

YELP Yelp
$34.57

-0.4 (-1.14%)

12/20/18
KEYB
12/20/18
INITIATION
KEYB
Sector Weight
Yelp initiated with a Sector Weight at KeyBanc
KeyBanc analyst Andy Hargreaves started Yelp with a Sector Weight rating. Yelp suffers from a disconnect between its user acquisition funnel and its monetizing verticals that should prevent accelerated growth and material stock appreciation, Hargreaves tells investors in a research note. Further, the analyst believes driving a broad shift in brand perception is likely to be challenging given the diversity and scale of competition. He finds Yelp's risk/reward as neutral at current share levels. Hargreaves has a fair value estimate for the shares of $36.
12/10/18
RHCO
12/10/18
NO CHANGE
RHCO
Hold
Yelp could be worth closer to $50 in potential buyout, says SunTrust
SunTrust analyst Matthew Thornton believes that exploring a sale is an alternative for Yelp (YELP), whether to a strategic buyer or to private equity. To the former, the analyst recalls Yelp was reportedly approached in May 2015 and hired advisors, though nothing materialized in terms of a transaction. To the latter, SQN principals come from mid-market tech private equity backgrounds, he notes. Comparing Yelp to Pandora (P) and Web.com (WEB), the analyst points out that these assets have large inside salesforces and are in the process of being acquired or have been acquired recently by a strategic and by private equity, respectively. Further, Thornton notes that Yelp trades at about 2.3 times 2019 EV/gross profit versus Pandora and WEB at about 4 times, which could potentially value Yelp closer to $50. He maintains a Hold rating on Yelp's shares.
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.

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PAYS

Paysign

$11.27

-0.56 (-4.73%)

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LPTX

Leap Therapeutics

$0.57

-0.5922 (-50.83%)

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FTNT

Fortinet

$100.07

0.38 (0.38%)

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JD

JD.com

$33.57

0.21 (0.63%)

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Wave Life Sciences

$27.90

-0.07 (-0.25%)

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JD.com

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0.21 (0.63%)

WVE

Wave Life Sciences

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JCP

J.C. Penney

$1.10

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SBS

Sabesp

$12.21

-0.02 (-0.16%)

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LINX

Linx S.A.

$7.11

-0.8 (-10.11%)

19:16
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CNP

CenterPoint Energy

$26.68

-1.42 (-5.05%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$309.54

0.46 (0.15%)

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S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$309.54

0.46 (0.15%)

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BMRN

BioMarin

$75.55

-0.54 (-0.71%)

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OXY

Occidental Petroleum

$37.76

-0.36 (-0.94%)

18:38
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Periodicals
Judge rejects Icahn's suit seeking Occidental acquisition records, Reuters says »

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FTCH

Farfetch

$7.49

-0.54 (-6.72%)

, DGII

Digi International

$15.10

0.33 (2.23%)

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Farfetch

$7.49

-0.54 (-6.72%)

DGII

Digi International

$15.10

0.33 (2.23%)

AMAT

Applied Materials

$56.89

-0.24 (-0.42%)

KLIC

Kulicke & Soffa

$25.18

-0.22 (-0.87%)

HP

Helmerich & Payne

$39.30

0.04 (0.10%)

WPM

Wheaton Precious Metals

$26.47

-0.12 (-0.45%)

RDNT

RadNet

$15.92

0.09 (0.57%)

RH

RH

$175.19

1.98 (1.14%)

ACB

Aurora Cannabis

$3.29

-0.25 (-7.06%)

OSMT

Osmotica Pharmaceuticals

$4.00

-0.03 (-0.74%)

GLOB

Globant

$108.99

3.975 (3.79%)

DLB

Dolby

$65.56

-0.14 (-0.21%)

NVDA

Nvidia

$209.88

1.33 (0.64%)

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VIA

Viacom

$25.31

0.175 (0.70%)

, VIAB

Viacom

$22.48

0.44 (2.00%)

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$25.31

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CBS

CBS

$37.62

0.78 (2.12%)

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NVDA

Nvidia

$209.88

1.33 (0.64%)

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NVDA

Nvidia

$209.88

1.33 (0.64%)

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BABA

Alibaba

$182.69

0.21 (0.12%)

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HP

Helmerich & Payne

$39.30

0.04 (0.10%)

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PPG

PPG

$129.82

-0.5 (-0.38%)

, PG

Procter & Gamble

$120.49

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MDLZ

Mondelez

$52.90

0.2 (0.38%)

LM

Legg Mason

$38.60

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GE

General Electric

$11.30

-0.01 (-0.09%)

WEN

Wendy's

$20.90

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BK

BNY Mellon

$48.42

0.07 (0.14%)

SYY

Sysco

$81.51

0.27 (0.33%)

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HP

Helmerich & Payne

$39.30

0.04 (0.10%)

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MDCO

The Medicines Co.

$50.89

-1.905 (-3.61%)

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NVDA

Nvidia

$209.88

1.33 (0.64%)

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CPE

Callon Petroleum

$4.20

-0.265 (-5.94%)

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Presidio

$16.56

-0.02 (-0.12%)

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CPE

Callon Petroleum

$4.20

-0.265 (-5.94%)

PSDO

Presidio

$16.56

-0.02 (-0.12%)

OSG

Overseas Shipholding

$1.84

0.045 (2.51%)

STC

Stewart

$43.10

0.11 (0.26%)

AGN

Allergan

$182.47

0.91 (0.50%)

HZNP

Horizon Pharma

$29.82

-0.48 (-1.58%)

ONCE

Spark Therapeutics

$110.78

-0.65 (-0.58%)

MYL

Mylan

$17.26

-0.01 (-0.06%)

S

Sprint

$5.86

-0.21 (-3.46%)

LYFT

Lyft

$41.90

-1.39 (-3.21%)

TMUS

T-Mobile

$76.87

-1.15 (-1.47%)

PCG

PG&E

$6.70

-0.19 (-2.76%)

WCG

WellCare

$301.86

-2.56 (-0.84%)

TSU

Tim Participacoes

$15.53

0.44 (2.92%)

GLD

SPDR Gold Shares

$138.57

0.59 (0.43%)

BHC

Bausch Health

$27.77

0.38 (1.39%)

CELG

Celgene

$110.03

-0.42 (-0.38%)

DISCK

Discovery Inc.

$28.04

0.12 (0.43%)

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17:41
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Conference/Events
BTIG energy analysts to hold a luncheon »

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