Tag Archives: yelp

Yelp Posts Slowdown In Local Ads In Q1, Stock Tumbles

Yelp (YELP) stock tumbled to a nearly two-year low Thursday after the crowdsourced online ratings review website missed Q1 estimates and posted Q2 guidance below analyst views. Calling Yelp’s Q1 report and Q2 outlook “very negative,” RBC Capital Markets downgraded the company to sector perform from outperform and slashed its price target on Yelp stock to 50 from 82. “Overall, we view these revenue results as disappointing, especially with the

Hot IPO GrubHub Clears Cup-With-Handle Buy Point

Hot IPO GrubHub (GRUB) cleared a cup-with-handle buy point on the stock market today, and it’s in buy range to 43.94. The online food ordering platform’s stock has risen about 65% since it went public last April. It’s featured on IBD’s Leaderboard. Meanwhile, shares of restaurant and business review platform Yelp (YELP) are in an extended downtrend. Earlier this month it agreed to buy GrubHub rival Eat24. Watch this video for an in-depth look at

Can GrubHub Get A Bigger Slice Of This Growing Pie?

GrubHub is well-seated to take a bigger slice of the growing market for online food delivery and pickup services. Yelp (YELP) is also gaming for a bigger slice, with its recent $134 million acquisition of GrubHub rival Eat24. The online food delivery and pickup market continues to grow rapidly, said Kevin Kopelman, an analyst at Cowen & Co., in a research report. Food sales purchased through U.S. online platforms for delivery and pickup is