Yelp announces resignation of Max Levchin from Board of Directors
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Yelp (YELP) PT Slashed to $36 at RBC Capital
July 29, 2015 8:14 AM EDTRBC 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 EDTSunTrust 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 EDTBrean 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 EDTCowen 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
