Yelp Price Target Increased to $110.00 by Analysts at FBN Securities (YELP)
Investment analysts at FBN Securities boosted their price objective on shares of Yelp (NASDAQ:YELP) from $100.00 to $110.00 in a note issued to investors on Friday, Analyst Ratings.Net reports. FBN Securities’ target price suggests a potential upside of 23.03% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Yelp from $81.00 to $86.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Yelp to $84.00 in a research note to investors on Thursday. Finally, analysts at UBS AG raised their price target on shares of Yelp from $70.00 to $84.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Thirteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $82.07.
Shares of Yelp (NASDAQ:YELP) traded down 0.06% on Friday, hitting $89.41. The stock had a trading volume of 4,665,645 shares. Yelp has a 1-year low of $20.94 and a 1-year high of $91.49. The stock has a 50-day moving average of $75.48 and a 200-day moving average of $64.52. The company’s market cap is $5.910 billion. Yelp also saw some unusual options trading on Wednesday. Stock investors bought 17,573 call options on the company. This is an increase of 236% compared to the typical volume of 5,224 call options.
Yelp (NASDAQ:YELP) last announced its earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $70.70 million for the quarter, compared to the consensus estimate of $67.22 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 71.4% on a year-over-year basis. Analysts expect that Yelp will post $0.01 EPS for the current fiscal year.
In other Yelp news, SVP Laurence Wilson sold 5,250 shares of the stock on the open market in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $77.58, for a total transaction of $407,295.00. The transaction was disclosed in a document filed 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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