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YELP

Yelp

$38.52

-0.4 (-1.03%)

16:07
02/13/19
02/13
16:07
02/13/19
16:07

Yelp authorizes additional $250M stock buyback

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YELP Yelp
$38.52

-0.4 (-1.03%)

01/10/19
MSCO
01/10/19
DOWNGRADE
Target $29
MSCO
Underweight
Morgan Stanley sees revenue headwinds for Yelp, downgrades to Underweight
As previously reported, Morgan Stanley analyst Brian Nowak downgraded Yelp (YELP) to Underweight from Equal Weight as he identified three building revenue headwinds that he believes will lead to negative revisions and underperformance of the stock. First, Nowak sees the increased flexibility of Yelp's new non-term agreements leading to lower spend per customer. Second, he sees pricing compression risk given that his ad pricing analysis shows Yelp's average cost per click is still over four times higher than Google (GOOGL) and Facebook (FB). Third, he expects Yelp's declining user base to further hold back spend per customer. Nowak cut his price target on Yelp shares to $29 from $31, noting that his revised FY19 and FY20 EBITDA estimates are now 2% and 6%, respectively, below consensus.
01/10/19
01/10/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Lockheed Martin (LMT) downgraded to Equal Weight from Overweight at Morgan Stanley. 2. JetBlue (JBLU) downgraded to Neutral from Overweight at JPMorgan with analyst Jamie Baker lowering his price target for the shares to $18 from $20. 3. Weatherford (WFT) downgraded to Market Perform from Outperform at BMO Capital with analyst Daniel Boyd saying the stock represents a "call-option on the oil cycle," but sees that option "suffering from time decay" and an adverse macro environment. 4. Yelp (YELP) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Nowak saying he identified three building revenue headwinds that he believes will lead to negative revisions and underperformance of the stock. 5. Dollar Tree (DLTR) downgraded to Perform from Outperform at Oppenheimer with analyst Rupesh Parikh saying he now views shares as fully valued and sees the case for upside as less attractive. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/04/19
GSCO
02/04/19
INITIATION
Target $42
GSCO
Buy
Yelp initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Michael Ng started Yelp with Buy rating and $42 price target. Yelp's transition to non-term advertising contracts should increase trial activity and drive growth in paid advertising accounts, Ng tells investors in a research note. He also believes the company should more effectively gain market share from other forms of direct advertising, particularly as U.S. advertising spending on directories is "nearly depleted." Further, new product features, such as a Request a Quote in home services and Nowait & Reservations in restaurants, should help Yelp accelerate revenue growth in those verticals, says the analyst.
02/04/19
02/04/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Yelp (YELP) initiated with a Buy at Goldman Sachs while Groupon (GRPN) was initiated with a Neutral, and Match Group (MTCH) and Shutterfly (SFLY) were initiated with a Sell. 2. eHealth (EHTH) initiated with an Outperform at Evercore ISI. 3. Okta (OKTA) initiated with an Equal Weight at Morgan Stanley. 4. Lonestar Resources (LONE) initiated with an Outperform at Cowen. 5. Kopin (KOPN) initiated with a Buy at Ladenburg. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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General news
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GM

General Motors

$39.67

0.04 (0.10%)

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GM says over 1,500 employees volunteered to transfer to other U.S. locations »

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GM

General Motors

$39.66

0.03 (0.08%)

12:21
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GM extends production at Detroit/Hamtramck into January 2020 »

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  • 27

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NWSA

News Corp.

$13.04

0.25 (1.95%)

12:20
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Notable print in News Corp puts »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
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12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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FOX

21st Century Fox

$50.60

0.14 (0.28%)

, FOXA

21st Century Fox

$50.89

0.15 (0.30%)

12:14
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12:14
Periodicals
Fox removes Jussie Smollett from last two episodes of 'Empire' season, WSJ says »

Producer's of Fox…

FOX

21st Century Fox

$50.60

0.14 (0.28%)

FOXA

21st Century Fox

$50.89

0.15 (0.30%)

03/08/13
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12:13
02/22/19
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12:13
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12:13
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks opened with modest…

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DBVT

DBV Technologies

$7.70

-0.26 (-3.27%)

12:05
02/22/19
02/22
12:05
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12:05
Periodicals
JAMA editorial says DBV trial results 'not easy to interpret' »

In an editorial published…

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GME

GameStop

$11.15

0.12 (1.09%)

12:05
02/22/19
02/22
12:05
02/22/19
12:05
Options
GameStop call volume above normal and directionally bullish »

Bullish option flow…

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LTN

Union Acquisition Corp

$5.89

-1.44 (-19.65%)

12:00
02/22/19
02/22
12:00
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12:00
Hot Stocks
Union Acquisition Corp falls -17.3% »

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  • 27

    Feb

TDS

Telephone and Data

$32.14

-4.55 (-12.40%)

12:00
02/22/19
02/22
12:00
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12:00
Hot Stocks
Telephone and Data falls -12.5% »

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  • 22

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DPLO

Diplomat Pharmacy

$7.65

-5.81 (-43.16%)

12:00
02/22/19
02/22
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12:00
Hot Stocks
Diplomat Pharmacy falls -42.9% »

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PBI

Pitney Bowes

$8.25

1.225 (17.45%)

12:00
02/22/19
02/22
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12:00
Hot Stocks
Pitney Bowes rises 17.4% »

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SWM

Schweitzer-Mauduit

$41.20

6.51 (18.77%)

12:00
02/22/19
02/22
12:00
02/22/19
12:00
Hot Stocks
Schweitzer-Mauduit rises 19.0% »

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W

Wayfair

$153.23

36.09 (30.81%)

12:00
02/22/19
02/22
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Hot Stocks
Wayfair rises 30.9% »

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CAG

Conagra Brands

$23.13

-0.95 (-3.95%)

11:55
02/22/19
02/22
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11:55
Options
ConAgra put volume heavy and directionally bearish »

Bearish flow noted in…

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11:55
02/22/19
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11:55
General news
FX Action: USD-CAD »

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Conference/Events
William Blair medical tech analyst to hold a luncheon »

Medical Technology &…

TKR

Timken

$43.82

0.41 (0.94%)

11:51
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11:51
Conference/Events
Timken management to meet with KeyBanc »

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  • 01

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KPTI

Karyopharm

$8.97

0.01 (0.11%)

11:50
02/22/19
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11:50
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11:50
Recommendations
Karyopharm analyst commentary  »

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JEC

Jacobs Engineering

$74.22

0.45 (0.61%)

11:48
02/22/19
02/22
11:48
02/22/19
11:48
Conference/Events
Jacobs Engineering management to meet with KeyBanc »

Meeting to be held in San…

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TCDA

Tricida

$23.11

0.84 (3.77%)

11:46
02/22/19
02/22
11:46
02/22/19
11:46
Initiation
Tricida initiated  »

Tricida initiated with a…

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UPS

UPS

$109.87

-1.89 (-1.69%)

11:45
02/22/19
02/22
11:45
02/22/19
11:45
Options
UPS call volume above normal and directionally bullish »

Bullish option flow…

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  • 03

    Mar

11:45
02/22/19
02/22
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11:45
General news
More from Williams: the Phillips Curve needs to be taken seriously »

More from Williams: the…

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