Yelp Inc (YELP) Given Consensus Rating of “Hold” by Analysts

Shares of Yelp Inc (NYSE:YELP) have earned a consensus rating of “Hold” from the twenty-four research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $41.25.

YELP has been the subject of several research analyst reports. ValuEngine lowered shares of Yelp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. SunTrust Banks set a $50.00 target price on shares of Yelp and gave the company a “buy” rating in a research report on Wednesday, August 8th. Stifel Nicolaus lifted their target price on shares of Yelp from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Thursday, August 9th. Jefferies Financial Group lifted their target price on shares of Yelp from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. Finally, Robert W. Baird lifted their target price on shares of Yelp from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, August 9th.

In other news, Director Geoffrey L. Donaker sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $46.96, for a total value of $93,920.00. Following the completion of the sale, the director now directly owns 8,055 shares in the company, valued at approximately $378,262.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeremy Stoppelman sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $47.00, for a total transaction of $611,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 223,500 shares of company stock valued at $10,135,885. Company insiders own 9.00% of the company’s stock.

A number of large investors have recently bought and sold shares of YELP. Fisher Asset Management LLC raised its holdings in Yelp by 5.5% during the 2nd quarter. Fisher Asset Management LLC now owns 3,012,391 shares of the local business review company’s stock valued at $118,025,000 after buying an additional 156,123 shares during the last quarter. Amalgamated Bank raised its holdings in Yelp by 16.0% during the 2nd quarter. Amalgamated Bank now owns 12,383 shares of the local business review company’s stock valued at $485,000 after buying an additional 1,708 shares during the last quarter. Fred Alger Management Inc. raised its holdings in Yelp by 145.6% during the 2nd quarter. Fred Alger Management Inc. now owns 186,427 shares of the local business review company’s stock valued at $7,304,000 after buying an additional 110,513 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in Yelp during the 2nd quarter valued at $1,827,000. Finally, Douglas Lane & Associates LLC raised its holdings in Yelp by 35.1% during the 2nd quarter. Douglas Lane & Associates LLC now owns 639,749 shares of the local business review company’s stock valued at $25,065,000 after buying an additional 166,278 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

Yelp stock traded up $2.14 during mid-day trading on Monday, hitting $34.07. 10,404,243 shares of the company traded hands, compared to its average volume of 1,888,099. Yelp has a one year low of $29.33 and a one year high of $52.50. The firm has a market cap of $2.67 billion, a PE ratio of 486.71, a PEG ratio of 5.35 and a beta of 1.29.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, November 8th. The local business review company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.09. Yelp had a net margin of 18.04% and a return on equity of 1.35%. The business had revenue of $241.10 million during the quarter, compared to analyst estimates of $245.55 million. During the same period in the previous year, the business posted $0.29 earnings per share. Yelp’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts anticipate that Yelp will post 0.3 EPS for the current year.

About Yelp

Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

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Analyst Recommendations for Yelp (NYSE:YELP)

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