Yelp Given New $95.00 Price Target at Telsey Advisory Group (YELP)
Equities research analysts at Telsey Advisory Group increased their price objective on shares of Yelp (NASDAQ:YELP) from $62.00 to $95.00 in a research note issued to investors on Monday, Analyst Ratings Net reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 40.41% from the company’s current price.
In other Yelp news, CEO Jeremy Stoppelman sold 14,705 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $64.83, for a total value of $953,325.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at MKM Partners raised their price target on shares of Yelp from $71.00 to $82.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Fourteen research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $69.75.
Shares of Yelp (NASDAQ:YELP) traded up 1.74% on Monday, hitting $68.84. 450,927 shares of the company’s stock traded hands. Yelp has a 1-year low of $19.45 and a 1-year high of $75.37. The stock has a 50-day moving average of $64.54 and a 200-day moving average of $57.14. The company’s market cap is $4.550 billion.
Yelp (NASDAQ:YELP) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ 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 previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 68.1% on a year-over-year basis. On average, analysts predict that Yelp will post $-0.15 earnings per share for the current fiscal year.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.