YELP has been the subject of several other research reports. Vetr cut Yelp from a buy rating to a hold rating and set a $44.44 price objective for the company. in a research report on Wednesday, February 1st. Cantor Fitzgerald reissued an overweight rating and set a $46.00 price objective on shares of Yelp in a research report on Monday, February 6th. RBC Capital Markets set a $55.00 price objective on Yelp and gave the stock a buy rating in a research report on Monday, February 6th. Roth Capital set a $30.00 price objective on Yelp and gave the stock a sell rating in a research report on Tuesday, February 7th. Finally, Stifel Nicolaus cut their price objective on Yelp from $42.00 to $40.00 and set a hold rating for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Yelp presently has an average rating of Buy and an average target price of $40.20.
TheStreet upgraded shares of Yelp Inc. (NYSE:YELP) from a d+ rating to a c rating in a research note released on Thursday.
Yelp (NYSE:YELP) opened at 35.83 on Thursday. The company has a 50-day moving average price of $40.64 and a 200-day moving average price of $37.73. The firm’s market capitalization is $2.83 billion. Yelp has a one year low of $15.27 and a one year high of $43.41.
Yelp (NYSE:YELP) last announced its quarterly earnings results on Thursday, February 9th. The local business review company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.24. Yelp had a negative return on equity of 0.01% and a negative net margin of 0.65%. The company earned $194.50 million during the quarter, compared to analysts’ expectations of $194.51 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. On average, equities research analysts anticipate that Yelp will post $0.10 EPS for the current year.
In related news, Director Geoffrey L. Donaker sold 4,000 shares of Yelp stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $36.73, for a total transaction of $146,920.00. Following the completion of the transaction, the director now owns 4,000 shares in the company, valued at $146,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $40.00, for a total value of $520,000.00. The disclosure for this sale can be found here. Insiders sold a total of 187,236 shares of company stock valued at $7,517,028 in the last 90 days. 11.08% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of YELP. Aperio Group LLC boosted its position in Yelp by 0.8% in the third quarter. Aperio Group LLC now owns 12,530 shares of the local business review company’s stock worth $523,000 after buying an additional 98 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Yelp by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 97,398 shares of the local business review company’s stock valued at $3,714,000 after buying an additional 313 shares during the period. Prudential Financial Inc. increased its stake in shares of Yelp by 4.3% in the third quarter. Prudential Financial Inc. now owns 14,500 shares of the local business review company’s stock valued at $605,000 after buying an additional 600 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in shares of Yelp by 11.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 7,696 shares of the local business review company’s stock valued at $293,000 after buying an additional 789 shares during the period. Finally, California State Teachers Retirement System increased its stake in shares of Yelp by 0.9% in the third quarter. California State Teachers Retirement System now owns 146,294 shares of the local business review company’s stock valued at $6,100,000 after buying an additional 1,300 shares during the period. Institutional investors and hedge funds 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 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.