Yelp Rating Reiterated by Needham & Company (YELP)
Yelp (NASDAQ:YELP)‘s stock had its “buy” rating reaffirmed by Needham & Company in a research note issued on Tuesday, Stock Ratings Network reports. They currently have a $78.00 price target on the stock. Needham & Company’s target price would suggest a potential upside of 17.86% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Yelp (NASDAQ:YELP) from $60.00 to $80.00 in a research note to investors on Tuesday. Separately, analysts at CRT Capital initiated coverage on shares of Yelp (NASDAQ:YELP) in a research note to investors on Thursday, September 19th. They set a “fair value” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Yelp (NASDAQ:YELP) from $42.00 to $70.00 in a research note to investors on Thursday, September 12th. They now have a “neutral” rating on the stock. Thirteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $51.31.
Yelp (NASDAQ:YELP) traded up 0.45% on Tuesday, hitting $66.48. 533,969 shares of the company’s stock traded hands. Yelp has a 52-week low of $16.32 and a 52-week high of $71.50. The stock has a 50-day moving average of $58.69 and a 200-day moving average of $38.79. The company’s market cap is $4.336 billion.
Yelp (NASDAQ:YELP) last released its earnings data on Wednesday, July 31st. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.03. The company had revenue of $55.02 million for the quarter, compared to the consensus estimate of $53.28 million. During the same quarter last year, the company posted ($0.03) earnings per share. Yelp’s revenue was up 68.3% compared to the same quarter last year. Analysts expect that Yelp will post $-0.11 EPS for the current fiscal year.
In other Yelp news, CEO Jeremy Stoppelman sold 14,706 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $66.68, for a total value of $980,596.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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