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April 16, 2014
11:54 EDTYELPYelp advances after Citi upgrades stock
Shares of Yelp (YELP) are climbing after Citigroup upgraded the stock to Buy from Hold in a note to investors earlier today. Yelp's website provides user reviews of local businesses. WHAT'S NEW: The recent decline in Yelp's stock creates a buying opportunity, wrote Citi analyst Mark May. Additionally, the company can significantly expand its market share, enabling its revenue to increase at a compound annual growth rate of 32% over the next five years, May believes. Meanwhile, Yelp's earnings per share, excluding certain items, should grow at a compound annual growth rate of 56%, added the analyst. He has a $76 price target on the shares. WHAT'S NOTABLE: In a note to investors on April 14, research firm Pacific Crest reported that more consumers were utilizing Yelps reviews of businesses other than restaurants. Non-restaurant businesses are the primary source of growth for Yelp, added the firm, which kept a $115 price target and Outperform rating on the stock. PRICE ACTION: In late morning trading, Yelp rose $1.07, or 2%, to $64.
News For YELP From The Last 14 Days
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October 9, 2015
12:50 EDTYELPYelp January calls active
Yelp October 25 and January 26 calls are active on total call volume of 14,500 contracts (700 puts). October call option implied volatility is at 48, November is at 68, January is at 59; compared to its 52-week range of 38 to 81. Active call volume suggesting traders taking positions for price movement.
October 8, 2015
10:15 EDTYELPGroupon retreats after analyst starts coverage with sell rating
The shares of Groupon (GRPN) after falling after research firm Cowen initiated coverage of the stock with an Underperform rating, the firm's equivalent to a sell, warning that the company's operating margins are "low and trending down." WHAT'S NEW: Groupon's margins are "steadily deteriorating" as the company has lowered the amount it charges retailers who participate in its Services deals, Cowen analyst Kevin Kopelman reported. Moreover, Groupon has begun subsidizing the discounts that Services merchants offer, the analyst said. Meanwhile, the coupon company's Shopping business carries much lower margins than its Services unit and its efforts to raise Shopping's margins have yielded "choppy" progress, according to Kopelman. The year-over-year growth of Groupon's active North America customer base dropped to 10% in Q2, from 18% in the second quarter of 2014, indicating that its core market has peaked, the analyst stated. Noting that Groupon has identified food delivery as its next growth catalyst, Kopelman warned that the space is "hyper-competitive." Yelp (YELP), Amazon (AMZN) and Uber have all announced plans to enter the sector, noted the analyst, who believes that it will be difficult for Groupon to generate return on investment in the space. Kopelman set a $2.75 price target on Groupon. WHAT'S NOTABLE: Grubhub (GRUB) is a key player in the Internet food delivery space. PRICE ACTION: In early trading, Groupon fell 3.7% to $3.68, while GrubHub lost 1% to $28.18.
October 4, 2015
13:54 EDTYELPGoogle, Facebook set to continue dominating web ads, Barron's says
Google (GOOG) and Facebook (FB) are likely to continue dominating online advertising, with Twitter (TWTR), Yahoo (YHOO), and LinkedIn (LNKD) increasingly becoming "distant rivals" as advertisers flock to the two biggest names in the space, Barron's contends in its 'Technology Trader' column. Shares of Google and Facebook "probably have decent upside from here," while the future of Angie's List (ANGI) and Yelp (YELP) looks "less certain," Barron's adds. Reference Link
September 29, 2015
07:22 EDTYELPIrvine experience at Blue Nile may benefit Yelp, says Brean Capital
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September 28, 2015
09:01 EDTYELPYelp appoints Diane Irvine as Chairperson of the Board effective immediately
Yelp announced the election of current board member, Diane Irvine, to the position of non-executive board chairperson, effective immediately. Irvine takes over from Max Levchin, who recently stepped down from Yelp's and other boards to dedicate more time to the company he founded and leads. Diane is also a board member of XO Group and Rightside Group.
07:20 EDTYELPYelp said to name Diane Irvine as chairwoman, USA Today reports
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07:10 EDTYELPBlue Calypso, Yelp agree to initial order of KIOSentrix Beacons
Blue Calypso (BCYP) announced that Yelp (YELP) has agreed to explore the use of KIOSentrix AC powered beacons in potential distribution to Yelp's retail customer base. Yelp has committed to an initial order of 4,000 KIOSentrix beacons. Additionally, Blue Calypso and Yelp have agreed to dismiss their pending lawsuit.

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