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News Breaks
June 27, 2014
13:10 EDTYELPYelp metrics being misinterpreted by bears, says MKM Partners
Following a short report on Yelp from a boutique research firm, MKM Partners said it believes that the company's metrics are being misinterpreted and that claims of limited total addressable market and high attrition are "absurd." MKM notes that Yelp is often mentioned as a potential M&A target, but that the firm likes the stock more due to its TAM expansion opportunity. MKM keeps its Buy rating and $86 price target on the stock, which it said could "be a $265 stock in 2019."
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

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