Yelp Inc. (NYSE:YELP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Yelp Inc. (NYSE:YELPGet Rating) have earned an average rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $38.00.

Several analysts have weighed in on the company. Wells Fargo & Company lowered their price target on Yelp from $40.00 to $35.00 in a report on Monday, May 9th. BMO Capital Markets reduced their price objective on Yelp from $42.00 to $37.00 in a research report on Tuesday, May 10th. Evercore ISI increased their price objective on Yelp from $35.00 to $41.00 and gave the company an “in-line” rating in a research report on Friday, August 5th. The Goldman Sachs Group increased their price objective on Yelp from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday, August 8th. Finally, Credit Suisse Group raised their price target on Yelp from $45.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, August 8th.

Yelp Price Performance

Shares of NYSE YELP opened at $38.23 on Friday. The business’s fifty day moving average price is $30.44 and its 200-day moving average price is $32.11. The stock has a market capitalization of $2.72 billion, a PE ratio of 60.68 and a beta of 1.59. Yelp has a one year low of $26.28 and a one year high of $41.28.

Yelp (NYSE:YELPGet Rating) last released its quarterly earnings results on Thursday, August 4th. The local business review company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.10. Yelp had a return on equity of 6.50% and a net margin of 4.32%. The firm had revenue of $298.90 million for the quarter, compared to analysts’ expectations of $284.30 million. During the same quarter last year, the firm posted $0.05 EPS. The company’s revenue was up 16.2% compared to the same quarter last year. As a group, equities analysts expect that Yelp will post 0.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Yelp news, CTO Sam Eaton sold 10,605 shares of the stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $30.00, for a total value of $318,150.00. Following the completion of the sale, the chief technology officer now owns 213,215 shares in the company, valued at approximately $6,396,450. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO David A. Schwarzbach sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $29.70, for a total value of $59,400.00. Following the completion of the transaction, the chief financial officer now owns 207,220 shares in the company, valued at approximately $6,154,434. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Sam Eaton sold 10,605 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $30.00, for a total value of $318,150.00. Following the completion of the transaction, the chief technology officer now owns 213,215 shares of the company’s stock, valued at approximately $6,396,450. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,605 shares of company stock worth $1,021,250. 7.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in Yelp by 211.7% during the second quarter. Renaissance Technologies LLC now owns 528,000 shares of the local business review company’s stock valued at $14,663,000 after buying an additional 358,600 shares during the last quarter. FMR LLC increased its holdings in shares of Yelp by 0.5% in the 2nd quarter. FMR LLC now owns 176,322 shares of the local business review company’s stock worth $4,896,000 after purchasing an additional 805 shares in the last quarter. Public Sector Pension Investment Board bought a new stake in shares of Yelp in the 2nd quarter worth $3,424,000. Kiwi Wealth Investments Limited Partnership bought a new stake in shares of Yelp in the 2nd quarter worth $822,000. Finally, Trexquant Investment LP increased its holdings in shares of Yelp by 124.8% in the 2nd quarter. Trexquant Investment LP now owns 73,502 shares of the local business review company’s stock worth $2,041,000 after purchasing an additional 40,802 shares in the last quarter. Hedge funds and other institutional investors own 88.33% of the company’s stock.

Yelp Company Profile

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Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.

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Analyst Recommendations for Yelp (NYSE:YELP)

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