Yelp announces resignation of Max Levchin from Board of Directors

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Go back to Yelp announces resignation of Max Levchin from Board of Directors

Yelp (YELP) PT Slashed to $36 at RBC Capital

July 29, 2015 8:14 AM EDT

RBC Capital analyst Mark Mahaney lowered his price target on Yelp (NYSE: YELP) to $36.00 (from $50.00) while reiterating a Sector Perform rating following in-line Q2 results but materially lowered its 2015 outlook due to salesforce growth/retention challenges (citing the negative impact of the... More

Yelp (YELP) PT Cut to $37 at SunTrust Robinson Humphrey; Keeps 'Buy'

July 29, 2015 7:24 AM EDT

SunTrust Robinson Humphrey analyst Robert Peck cut his price target on Yelp (NYSE: YELP) to $37.00 (from $52.00) following results but maintained a Buy on risk/reward and reset expectaions.

Peck commented, ". We have been wrong on YELP. Our thesis had been predicated on much better... More

Brean Capital Cuts Price Target on Yelp (YELP) to $40 Following 2Q15 Results

July 29, 2015 7:07 AM EDT

Brean Capital maintained a Buy rating on Yelp (NYSE: YELP), and cut the price target to $40.00 (from $58.00), following 2Q15 results. Sales of $133.9MM were slightly higher than the consensus forecast of $133.5MM. Management guided 3Q15 revenues to $139MM-$142MM vs. the consensus of $153MM.

Anlayst Tom Forte commented, "While 3Q15 And 2015 Guidance Come Up Short. Yelp... More

Cowen Downgrades Yelp (YELP) to Market Perform

July 29, 2015 6:30 AM EDT

Cowen downgraded Yelp (NYSE: YELP) from Outperform to Market Perform with a price target of $25.00 (from $55.00) following disappointing Q2 results and outlook.

Analyst Kevin Kopelman commented, "Yelp reduced FY15 guidance by 5% for rev. and 30% for EBITDA driven by the inability to retain veteran... More