Yelp Inc (NYSE:YELP) had its price objective reduced by Wedbush in a report issued on Wednesday, May 10th. They currently have a neutral rating on the local business review company’s stock.
YELP has been the topic of several other research reports. Pacific Crest assumed coverage on shares of Yelp in a research report on Friday, February 17th. They set a sector weight rating on the stock. Cantor Fitzgerald reissued an overweight rating on shares of Yelp in a research report on Monday, April 10th. Robert W. Baird reissued a neutral rating on shares of Yelp in a research report on Thursday, January 12th. TheStreet raised shares of Yelp from a d+ rating to a c rating in a report on Thursday, February 9th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $45.00 price objective (up from $43.00) on shares of Yelp in a report on Friday, February 10th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and sixteen have issued a buy rating to the company. Yelp has an average rating of Hold and an average target price of $35.36.
Yelp (YELP) opened at 28.79 on Wednesday. Yelp has a 1-year low of $25.93 and a 1-year high of $43.41. The firm has a market cap of $2.32 billion, a P/E ratio of 389.05 and a beta of 2.11. The firm’s 50-day moving average price is $31.40 and its 200-day moving average price is $35.43.
Yelp (NYSE:YELP) last released its earnings results on Tuesday, May 9th. The local business review company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. The company had revenue of $197.32 million for the quarter, compared to the consensus estimate of $198.51 million. Yelp had a negative net margin of 2.42% and a negative return on equity of 2.34%. Yelp’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 EPS. Equities research analysts anticipate that Yelp will post ($0.08) earnings per share for the current fiscal year.
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In related news, Director Geoffrey L. Donaker sold 4,000 shares of Yelp stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $32.34, for a total value of $129,360.00. Following the transaction, the director now directly owns 9,590 shares in the company, valued at approximately $310,140.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Laurence Wilson sold 3,128 shares of Yelp stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $28.23, for a total transaction of $88,303.44. Following the completion of the transaction, the senior vice president now owns 181,947 shares in the company, valued at $5,136,363.81. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,121 shares of company stock worth $2,105,186. 11.08% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the company. FNY Partners Fund LP raised its stake in shares of Yelp by 18,650.0% in the first quarter. FNY Partners Fund LP now owns 3,750 shares of the local business review company’s stock valued at $122,000 after buying an additional 3,730 shares during the last quarter. Neuburgh Advisers LLC bought a new stake in shares of Yelp during the first quarter valued at approximately $133,000. Independent Portfolio Consultants Inc. bought a new stake in shares of Yelp during the first quarter valued at approximately $159,000. FNY Managed Accounts LLC bought a new stake in shares of Yelp during the first quarter valued at approximately $163,000. Finally, US Bancorp DE raised its stake in shares of Yelp by 3,181.0% in the third quarter. US Bancorp DE now owns 3,970 shares of the local business review company’s stock valued at $165,000 after buying an additional 3,849 shares during the last quarter. Institutional investors own 74.24% 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 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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