Yelp Given New $82.00 Price Target at MKM Partners (YELP)
Research analysts at MKM Partners hoisted their price objective on shares of Yelp (NASDAQ:YELP) from $71.00 to $82.00 in a report released on Thursday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. MKM Partners’ target price suggests a potential upside of 18.93% from the stock’s previous close.
In other Yelp news, CEO Jeremy Stoppelman unloaded 14,705 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $64.83, for a total transaction of $953,325.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Yelp (NASDAQ:YELP) traded down 1.07% on Thursday, hitting $68.215. The stock had a trading volume of 613,799 shares. Yelp has a 52 week low of $19.13 and a 52 week high of $75.37. The stock has a 50-day moving average of $64.51 and a 200-day moving average of $56.80. The company’s market cap is $4.509 billion.
Yelp (NASDAQ:YELP) last announced its earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.03. The company had revenue of $61.20 million for the quarter, compared to the consensus estimate of $59.40 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 68.1% on a year-over-year basis. Analysts expect that Yelp will post $-0.15 EPS for the current fiscal year.
A number of other firms have also recently commented on YELP. Analysts at Feltl & Co. initiated coverage on shares of Yelp in a research note to investors on Thursday, December 19th. They set a “buy” rating and a $77.00 price target on the stock. Separately, analysts at B. Riley initiated coverage on shares of Yelp in a research note to investors on Wednesday, December 11th. They set a “neutral” rating and a $62.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Yelp in a research note to investors on Friday, November 15th. They set a “neutral” rating on the stock. Fourteen investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $68.55.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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