Yelp (YELP) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Yelp (NYSE:YELP) from a hold rating to a sell rating in a research report released on Friday morning.

According to Zacks, “Yelp, Inc. is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services. The company serves customers in the United States, Canada, the United Kingdom, Ireland, France, Germany, Austria, the Netherlands, Spain, Italy, Switzerland and Belgium. Yelp, Inc. is headquartered in San Francisco, California. “

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A number of other brokerages have also recently commented on YELP. ValuEngine cut Yelp from a hold rating to a sell rating in a research report on Friday, February 2nd. Stifel Nicolaus dropped their price target on Yelp from $40.00 to $38.00 and set a hold rating on the stock in a research report on Thursday, February 8th. B. Riley reissued a neutral rating on shares of Yelp in a research report on Tuesday, February 6th. Bank of America boosted their price target on Yelp from $52.00 to $55.00 and gave the stock a buy rating in a research report on Wednesday, January 24th. Finally, Evercore ISI assumed coverage on Yelp in a research report on Tuesday, December 5th. They issued an in-line rating and a $46.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $43.56.

Shares of YELP opened at $41.75 on Friday. Yelp has a 52 week low of $26.93 and a 52 week high of $48.40. The company has a market capitalization of $3,485.04, a PE ratio of 596.43, a P/E/G ratio of 6.43 and a beta of 1.11.

Yelp (NYSE:YELP) last issued its quarterly earnings results on Wednesday, February 7th. The local business review company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.16. Yelp had a return on equity of 0.23% and a net margin of 18.05%. The firm had revenue of $218.25 million for the quarter, compared to analysts’ expectations of $215.12 million. research analysts predict that Yelp will post 0.25 earnings per share for the current year.

In other Yelp news, CEO Jeremy Stoppelman sold 13,000 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $43.23, for a total transaction of $561,990.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Geoffrey L. Donaker sold 6,000 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $43.75, for a total transaction of $262,500.00. Following the sale, the director now owns 9,590 shares of the company’s stock, valued at $419,562.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 205,000 shares of company stock valued at $8,860,265. 10.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Crestline Management LP purchased a new stake in Yelp during the 3rd quarter valued at $1,209,000. Convergence Investment Partners LLC purchased a new stake in Yelp during the 4th quarter valued at $1,624,000. UBS Asset Management Americas Inc. raised its stake in Yelp by 7.1% during the 4th quarter. UBS Asset Management Americas Inc. now owns 55,469 shares of the local business review company’s stock valued at $2,327,000 after buying an additional 3,654 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Yelp by 321.6% during the 4th quarter. Teacher Retirement System of Texas now owns 26,592 shares of the local business review company’s stock valued at $1,116,000 after buying an additional 20,284 shares during the last quarter. Finally, Smith Asset Management Group LP raised its stake in Yelp by 131.2% during the 4th quarter. Smith Asset Management Group LP now owns 73,790 shares of the local business review company’s stock valued at $3,096,000 after buying an additional 41,880 shares during the last quarter. Institutional investors and hedge funds own 87.82% of the company’s stock.

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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.

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