Yelp Inc (NYSE:YELP)‘s stock had its “hold” rating restated by Loop Capital in a research report issued on Wednesday, April 19th.
A number of other equities analysts have also recently issued reports on YELP. Vetr cut Yelp from a “strong-buy” rating to a “buy” rating and set a $42.48 target price for the company. in a report on Wednesday, December 21st. Royal Bank of Canada restated an “outperform” rating and set a $55.00 price objective on shares of Yelp in a research note on Wednesday, December 21st. MKM Partners restated a “buy” rating and set a $48.00 price objective on shares of Yelp in a research note on Friday, December 23rd. Robert W. Baird restated a “neutral” rating on shares of Yelp in a research note on Thursday, January 12th. Finally, Zacks Investment Research upgraded shares of Yelp from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Saturday, January 14th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and sixteen have assigned a buy rating to the stock. Yelp currently has an average rating of “Hold” and a consensus price target of $35.60.
Yelp (NYSE:YELP) traded down 0.54% on Wednesday, reaching $27.84. The company’s stock had a trading volume of 2,731,369 shares. The stock’s 50 day moving average is $32.80 and its 200-day moving average is $35.99. Yelp has a 52 week low of $24.71 and a 52 week high of $43.41. The firm has a market capitalization of $2.24 billion, a PE ratio of 376.22 and a beta of 2.11.
Yelp (NYSE:YELP) last released its earnings results on Tuesday, May 9th. The local business review company reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.02. The firm had revenue of $197.32 million during the quarter, compared to analysts’ expectations of $198.51 million. Yelp had a negative return on equity of 0.01% and a negative net margin of 0.65%. The company’s revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. Analysts predict that Yelp will post ($0.08) EPS for the current year.
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In other news, SVP Michael Stoppelman sold 7,784 shares of Yelp stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $34.44, for a total transaction of $268,080.96. Following the transaction, the senior vice president now owns 125,431 shares in the company, valued at $4,319,843.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Geoffrey L. Donaker sold 4,000 shares of Yelp stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of $32.34, for a total transaction of $129,360.00. Following the transaction, the director now owns 9,590 shares in the company, valued at approximately $310,140.60. The disclosure for this sale can be found here. Insiders sold 47,284 shares of company stock worth $1,595,846 in the last 90 days. Company insiders own 11.08% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. FNY Partners Fund LP raised its position in Yelp by 18,650.0% in the first quarter. FNY Partners Fund LP now owns 3,750 shares of the local business review company’s stock valued at $122,000 after buying an additional 3,730 shares during the last quarter. US Bancorp DE raised its position in Yelp by 3,181.0% in the third quarter. US Bancorp DE now owns 3,970 shares of the local business review company’s stock valued at $165,000 after buying an additional 3,849 shares during the last quarter. Neuburgh Advisers LLC purchased a new position in Yelp during the first quarter valued at about $133,000. TLP Group LLC purchased a new position in Yelp during the third quarter valued at about $187,000. Finally, Independent Portfolio Consultants Inc. purchased a new position in Yelp during the first quarter valued at about $159,000. Institutional investors and hedge funds own 74.24% of the company’s stock.
Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.
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