Yelp PT Raised to $90.00 at Wunderlich (YELP)
Analysts at Wunderlich hoisted their price objective on shares of Yelp (NASDAQ:YELP) to $90.00 in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork reports. Wunderlich’s price objective suggests a potential upside of 18.67% from the stock’s previous close.
In other Yelp news, SVP Laurence Wilson unloaded 5,250 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $68.11, for a total transaction of $357,577.50. Following the completion of the transaction, the senior vice president now directly owns 20,000 shares in the company, valued at approximately $1,362,200. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at FBN Securities initiated coverage on shares of Yelp in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Yelp to $89.00 in a research note to investors on Wednesday, January 8th. Finally, analysts at Telsey Advisory Group raised their price target on shares of Yelp from $62.00 to $95.00 in a research note to investors on Monday, January 6th. They now have a “not rated” rating on the stock. Fourteen analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $70.94.
Yelp (NASDAQ:YELP) traded up 6.14% on Tuesday, hitting $80.499. The stock had a trading volume of 2,686,598 shares. Yelp has a 1-year low of $19.45 and a 1-year high of $82.43. The stock has a 50-day moving average of $66.73 and a 200-day moving average of $59.45. The company’s market cap is $5.321 billion.
Yelp (NASDAQ:YELP) last posted its quarterly 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 last year, the company posted ($0.03) earnings per share. Yelp’s revenue was up 68.1% compared to the same quarter last year. Analysts expect that Yelp will post $-0.15 EPS for the current fiscal year.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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