On Monday, Shares of Yelp Inc. (NYSE:YELP), lost -2.62% to $48.62, after analysts at Baird issued a cautious note Monday’s morning.
The firm told investors that shares of the company are at risk of a pullback if a takeover is not consummated “within the relatively near future.”
Analysts at the firm warned that a sales process does not guarantee a transaction.
Baird analysts added that with a deal not consummating in the near term, they see “increasing risks” in owning Yelp shares above the $50 level.
The firm maintained its “neutral” rating with a $46 price target on shares.
Yelp Inc. operates a platform that connects people with local businesses in the United States. Its platform covers various local business categories, counting restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others categories.
Shares of Pandora Media, Inc. (NYSE:P), declined -0.22% to $18.17, during its last trading session.
Pandora Media, has partnered with Josh Groban to present an exclusive live performance on June 1, 2015 in New York City. In addition to this intimate performance, Pandora worked with the singer to curate a custom mixtape featuring notable classic and modern theater favorites. In a video interview accessible only to Pandora listeners, Josh sat down with noted writer Alan Light to talk about Stages.
An internationally renowned singer, songwriter and actor whose baritone voice is instantly recognizable and unparalleled among his peers, Groban has entertained fans across the globe with his multi-platinum albums and DVDs (selling more than 30 million worldwide), electrifying live performances and comedic film and television appearances. Groban is the only artist with two albums on Billboard’s list of 20 best-sellers in the last 10 years.
Pandora Media, Inc. provides Internet radio services in the United States. The company allows listeners to create up to 100 personalized stations to access free music and comedy catalogs, in addition to offers Pandora One, a paid subscription service to listeners.
At the end of Monday’s trade, Shares of New York Community Bancorp Inc. (NYSE:NYCB), gained 0.94% to $17.18.
On April 29, New York Community Bancorp, stated GAAP earnings of $119.3 million, or $0.27 per diluted share, for the three months ended March 31, 2015, as contrast to $131.2 million, or $0.30 per diluted share, in the trailing quarter and $115.3 million, or $0.26 per diluted share, in the year-earlier three months.
The Company also stated cash earnings of $129.0 million, or $0.29 per diluted share, for the current first quarter, which contributed an additional $9.7 million to tangible stockholders’ equity at March 31st.
New York Community Bancorp, Inc. operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in New York, New Jersey, Florida, Ohio, and Arizona.
Finally, CMS Energy Corp. (NYSE:CMS), ended its last trade with -0.59% loss, and closed at $33.46.
CMS Energy, declared that its executive vice president and chief financial officer, Tom Webb, will provide a business and financial outlook at the AGA Financial Forum Conference on Monday, May 18.
The 35-minute presentation is planned to start at 1:30 p.m. EDT.
CMS Energy Corporation operates as an energy company primarily in Michigan, the United States. The company’s Electric Utility segment engages in the generation, purchase, distribution, and sale of electricity to residential, commercial, and various industrial customers in Michigan’s Lower Peninsula.
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