Yelp Receives Average Rating of “Buy” from Analysts (NASDAQ:YELP)
Yelp (NASDAQ:YELP) has earned a consensus recommendation of “Buy” from the thirty-three ratings firms that are covering the company, AnalystRatings.Net reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and twenty-four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $87.62.
In other Yelp news, SVP Laurence Wilson sold 11,250 shares of the company’s stock on the open market in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $69.82, for a total transaction of $785,475.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Yelp (NASDAQ:YELP) opened at 68.35 on Wednesday. Yelp has a 52-week low of $39.24 and a 52-week high of $101.75. The stock has a 50-day moving average of $71.54 and a 200-day moving average of $74.35. The company’s market cap is $4.898 billion.
Yelp (NASDAQ:YELP) last released its earnings data 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.
A number of research firms have recently commented on YELP. Analysts at Evercore Partners initiated coverage on shares of Yelp in a research note on Monday, July 14th. They set an “underweight” rating and a $65.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Yelp from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 1st. They now have a $79.00 price target on the stock. Finally, analysts at Telsey Advisory Group reiterated a “” rating on shares of Yelp in a research note on Tuesday, June 24th. They now have a $105.00 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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