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Yelp Shares Up ~4% Tuesday Following Unconfirmed Sale Chatter

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Yelp shares gain in the first half of trading Tuesday as chatter made rounds of a possible sale, no company was mentioned. In a Dec 21 note Global Equities analyst Trip Chowdhry advised to avoid YELP, saying the "market is moving away from review sites" and "monetization is moving away from YELP".

Earlier Tuesday morning Suntrust's Bob Peck said YELP would be a part of a 2016 discussion regarding which large firm would consider buying the company and what an appropriate premium would be to pay.

 

Latest Ratings for YELP

DateFirmActionFromTo
Dec 2017PiperJaffrayDowngradesNeutralUnderweight
Dec 2017Evercore ISI GroupInitiates Coverage OnIn-Line
Nov 2017BairdMaintainsNeutral

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