Yelp Inc (YELP) Stock Rating Reaffirmed by Loop Capital

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.

Analyst Recommendations for Yelp (NYSE:YELP)

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.

COPYRIGHT VIOLATION NOTICE: This news story was published by BBNS and is the property of of BBNS. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://baseballnewssource.com/markets/yelp-inc-yelp-given-hold-rating-at-loop-capital-updated-updated-updated/629840.html.

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.

About Yelp

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.

5 Day Chart for NYSE:YELP

Receive News & Ratings for Yelp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp Inc and related companies with our FREE daily email newsletter.

 


Latest News

Zack Greinke Having Much Better Results This Season
Zack Greinke Having Much Better Results This Season
David Price and Red Sox to Meet Following Rehab Start
David Price and Red Sox to Meet Following Rehab Start
Lack of Offense Leading to Mediocrity for Boston Red Sox
Lack of Offense Leading to Mediocrity for Boston Red Sox
MLB and Facebook Announce Live Streaming for Games
MLB and Facebook Announce Live Streaming for Games
Can Anyway Stop the Houston Astros?
Can Anyway Stop the Houston Astros?
Kevin Pillar Turns from Defense to Offense
Kevin Pillar Turns from Defense to Offense


Leave a Reply

 
© 2006-2017 BBNS.