Yelp (NYSE:YELP) Receives “In-Line” Rating from Evercore ISI


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Evercore ISI reaffirmed their in-line rating on shares of Yelp (NYSE:YELP) in a research note issued to investors on Tuesday morning, Analyst Ratings Network reports. Evercore ISI currently has a $41.00 price target on the local business review company’s stock.

Several other brokerages have also recently commented on YELP. TheStreet upgraded shares of Yelp from a d+ rating to a c- rating in a research note on Thursday, February 11th. Barclays raised their price objective on shares of Yelp from $22.00 to $28.00 and gave the company an underweight rating in a research note on Wednesday, February 10th. UBS Group lifted their target price on shares of Yelp from $30.00 to $40.00 and gave the stock a neutral rating in a research report on Wednesday, February 10th. Jefferies Financial Group cut shares of Yelp from a buy rating to a hold rating and set a $32.00 target price for the company. in a research report on Monday, January 11th. They noted that the move was a valuation call. Finally, Wedbush lifted their target price on shares of Yelp from $30.00 to $38.00 in a research report on Wednesday, February 10th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Yelp has a consensus rating of Hold and an average price target of $33.79.

YELP stock opened at $40.36 on Tuesday. Yelp has a one year low of $17.83 and a one year high of $43.86. The stock has a market capitalization of $3.02 billion, a PE ratio of -237.40 and a beta of 1.44. The company has a fifty day moving average of $39.97 and a 200-day moving average of $31.80.

Yelp (NYSE:YELP) last released its earnings results on Tuesday, February 9th. The local business review company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.28. Yelp had a negative net margin of 1.29% and a negative return on equity of 1.64%. The company had revenue of $233.20 million during the quarter, compared to analysts’ expectations of $227.68 million. Equities research analysts forecast that Yelp will post -0.95 earnings per share for the current year.

In related news, CTO Sam Eaton sold 3,340 shares of the stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $41.50, for a total value of $138,610.00. Following the completion of the transaction, the chief technology officer now owns 145,519 shares in the company, valued at approximately $6,039,038.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vivek Patel sold 54,236 shares of the stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $40.00, for a total transaction of $2,169,440.00. Following the completion of the transaction, the insider now owns 149,879 shares of the company’s stock, valued at approximately $5,995,160. The disclosure for this sale can be found here. 9.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State of Michigan Retirement System lifted its stake in Yelp by 1.2% during the fourth quarter. State of Michigan Retirement System now owns 25,297 shares of the local business review company’s stock valued at $826,000 after buying an additional 300 shares in the last quarter. QS Investors LLC increased its holdings in shares of Yelp by 0.5% in the 4th quarter. QS Investors LLC now owns 68,091 shares of the local business review company’s stock valued at $2,225,000 after purchasing an additional 350 shares during the period. First Trust Advisors LP increased its holdings in shares of Yelp by 3.8% in the 4th quarter. First Trust Advisors LP now owns 14,711 shares of the local business review company’s stock valued at $481,000 after purchasing an additional 539 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Yelp by 2.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,736 shares of the local business review company’s stock valued at $743,000 after purchasing an additional 595 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Yelp by 6.6% in the fourth quarter. Victory Capital Management Inc. now owns 11,157 shares of the local business review company’s stock worth $364,000 after buying an additional 693 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, home and local services, beauty and fitness, health, and other categories.

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Analyst Recommendations for Yelp (NYSE:YELP)

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