Notable Downgrades: U.S. Silica (SLCA), Cavium, Inc. (CAVM), Stratasys (SSYS), Iconix Brand Group (ICON), Yelp Inc. (YELP)

Analysts at Scotia Howard Weil downgraded U.S. Silica Holdings, Inc. (SLCA) from ‘Sector Outperform‘ to ‘Sector Perform‘ in a research report issued to clients on Thursday.

The target price for SLCA is set at $37.

On valuation measures, U.S. Silica Holdings Inc. stock it’s trading at a forward P/E multiple of 21.90x, and at a multiple of 16.88x this year’s estimated earnings. The t-12-month revenue at U.S. Silica Holdings is $876.74 million. SLCA ‘s ROE for the same period is 34.09%.

Shares of the $2.01 billion market cap company are down 12.45% year-over-year ; up 39.91% year-to-date.

SLCA, currently with a median Wall Street price target of $37.00 and a high target of $42.00, rose $1.85 to $37.64 in recent trading.

The chart below shows where the equity has traded over the past 52-weeks.

Cavium, Inc. (CAVM) was reiterated a ‘Buy’ by Canaccord Genuity analysts on Thursday. The broker also cut its price target on the stock to $77 from $81.

CAVM shares recently lost $1.45 to $65.14. In the past 52 weeks, shares of San Jose, California-based developer of semiconductor processors have traded between a low of $38.73 and a high of $74.26. Shares are up 55.88% year-over-year and 7.72% year-to-date.

Stratasys Ltd. (SSYS) was downgraded from ‘Outperform‘ to ‘Sector Perform‘ and the price target was cut to $44 from $82 at RBC Capital Markets. The new PT represents expected downside of 46% from the stock’s current price-per-share.

Shares have traded today between $36.98 and $40.73 with the price of the stock fluctuating between $36.98 to $130.83 over the last 52 weeks.

Stratasys Ltd. shares have a t-12 price/sales ratio of 2.71. EPS for the same period registers at ($2.39).

Shares of SSYS have lost $2.76 to $37.17 in mid-day trading on Thursday, giving it a market cap of $1.89 billion. The stock traded as high as $130.83 in Septemeber 18, 2014.

Iconix Brand Group, Inc. (ICON) was reiterated as ‘Buy’ with a $36 from $44 price target on Thursday by Wunderlich.

ICON shares recently lost 79c to $26.55. The stock is down more than 31% year-over-year and has lost roughly 19% year-to-date. In the past 52 weeks, shares of New York-based brand management company have traded between a low of $24.12 and a high of $44.81.

Iconix Brand Group closed Wednesday at $27.34. The name has a current market cap of $1.27 billion.

Yelp Inc. (YELP) had its rating lowered from ‘Buy‘ to ‘Neutral‘ by analysts at BofA/Merrill (BAC) on Thursday after the review website posted disappointing Q1/15 earnings results. For the period, Yelp reported non-GAAP earnings of $0.10 per share, lower compared to the consensus earnings estimate of a profit of $0.16/sh. The stock has gotten at least three price reductions this morning, from Axiom Capital to $42 from $48, from Deutsche Bank (DB) to $51 from $71, and from UBS to $48 from $51.

YELP was down $12.00 at $39.28 in mid-day trade, moving within a 52-week range of $39.20 to $86.88. The name, valued at $2.93 billion, opened at $41.23. Currently there are 23 analysts that rate YELP a ‘Buy‘, 1 analyst rates it a ‘Sell‘, and 10 rate it a ‘Hold‘.

On valuation measures, Yelp Inc. shares are currently priced at 82.69x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 10.12. EPS for the same period registers at $0.48.

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