Yelp Inc. (NYSE:YELP) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday. They currently have a $42.74 target price on the local business review company’s stock. Vetr‘s price objective indicates a potential upside of 2.47% from the stock’s current price.
YELP has been the subject of several other research reports. Macquarie boosted their price objective on shares of Yelp from $39.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 7th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Yelp in a report on Friday, August 19th. MKM Partners reaffirmed a “buy” rating and set a $48.00 target price (up previously from $40.00) on shares of Yelp in a report on Thursday, August 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 target price (up previously from $28.00) on shares of Yelp in a report on Thursday, June 23rd. Finally, Mizuho lifted their target price on shares of Yelp from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, September 14th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $35.61.
Yelp (NYSE:YELP) opened at 41.71 on Tuesday. Yelp has a 52 week low of $14.53 and a 52 week high of $41.77. The firm’s 50-day moving average price is $38.21 and its 200-day moving average price is $28.63. The company’s market capitalization is $3.23 billion.
Yelp (NYSE:YELP) last posted its quarterly earnings data on Tuesday, August 9th. The local business review company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.08. Yelp had a negative net margin of 7.20% and a negative return on equity of 6.14%. The firm earned $173.40 million during the quarter, compared to analysts’ expectations of $169.82 million. During the same quarter in the previous year, the company posted $0.12 EPS. Yelp’s revenue was up 29.5% on a year-over-year basis. On average, equities analysts expect that Yelp will post ($0.19) earnings per share for the current year.
In other news, CEO Jeremy Stoppelman sold 263,000 shares of the stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $40.00, for a total transaction of $10,520,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Geoffrey L. Donaker sold 6,000 shares of the stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $29.38, for a total transaction of $176,280.00. Following the sale, the chief operating officer now owns 6,000 shares of the company’s stock, valued at $176,280. The disclosure for this sale can be found here. Insiders own 11.08% of the company’s stock.
Large investors have recently bought and sold shares of the company. UBS Group AG boosted its stake in Yelp by 107.1% in the first quarter. UBS Group AG now owns 31,436 shares of the local business review company’s stock valued at $625,000 after buying an additional 474,072 shares during the period. Fisher Asset Management LLC boosted its stake in Yelp by 2.8% in the second quarter. Fisher Asset Management LLC now owns 391,351 shares of the local business review company’s stock valued at $11,670,000 after buying an additional 10,486 shares during the period. Geduld E E purchased a new stake in Yelp during the second quarter valued at $304,000. OMERS ADMINISTRATION Corp purchased a new stake in Yelp during the first quarter valued at $364,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Yelp during the first quarter valued at $475,000. Institutional investors own 74.90% 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 provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.
To view Vetr’s full report, visit Vetr’s official website.
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