Yelp Investor Says Shares Could Almost Double, Urges Changes

SQN Investors LP, a technology-focused investment firm that says it owns more than 4 percent of Yelp, said in a presentation that the company could create significant value for investors either by fixing its problems or by selling itself. Yelp’s shares could soar to $65 apiece and it could return $500 million to investors if it stayed independent and implemented SQN’s suggestions, the firm said. San Francisco-based Yelp should partner with companies like ANGI Homeservices Inc. or GrubHub Inc. to drive growth and improve the revenue it receives per visitor, SQN said.