Yelp Receives New Coverage from Analysts at FBN Securities (YELP)
Stock analysts at FBN Securities initiated coverage on shares of Yelp (NASDAQ:YELP) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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, January 2nd. They now have a “buy” rating on the stock. Fourteen analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $70.94.
Shares of Yelp (NASDAQ:YELP) traded up 7.33% during mid-day trading on Tuesday, hitting $81.40. The stock had a trading volume of 3,749,159 shares. Yelp has a 1-year low of $19.45 and a 1-year high of $82.43. The stock’s 50-day moving average is $67.43 and its 200-day moving average is $59.79. The company’s market cap is $5.381 billion.
Yelp (NASDAQ:YELP) last released its earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the 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.
In other Yelp news, COO Geoffrey L. Donaker sold 25,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $78.37, for a total transaction of $1,959,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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.