Yelp Given Consensus Recommendation of “Buy” by Brokerages (NASDAQ:YELP)
Yelp (NASDAQ:YELP) has received a consensus recommendation of “Buy” from the thirty-two brokerages that are currently covering the stock, AnalystRatings.Net reports. Five analysts have rated the stock with a hold recommendation and twenty-two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $87.88.
In other Yelp news, CEO Jeremy Stoppelman sold 13,514 shares of the stock on the open market in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $62.69, for a total value of $847,192.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Yelp (NASDAQ:YELP) traded up 0.95% during mid-day trading on Friday, hitting $65.62. The stock had a trading volume of 445,665 shares. Yelp has a 52-week low of $28.72 and a 52-week high of $101.75. The stock’s 50-day moving average is $60.17 and its 200-day moving average is $72.53. The company’s market cap is $4.702 billion.
Yelp (NASDAQ:YELP) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.02. The company had revenue of $76.40 million for the quarter, compared to the consensus estimate of $75.06 million. Analysts expect that Yelp will post $-0.03 EPS for the current fiscal year.
YELP has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus cut their price target on shares of Yelp from $95.00 to $67.00 in a research note on Monday, May 12th. Separately, analysts at MKM Partners cut their price target on shares of Yelp from $110.00 to $86.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley upgraded shares of Yelp from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 8th. They now have a $69.00 price target on the stock.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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