Yelp Given “” Rating at Telsey Advisory Group (YELP)
Yelp (NASDAQ:YELP)‘s stock had its “” rating reiterated by stock analysts at Telsey Advisory Group in a report issued on Tuesday. They currently have a $105.00 price target on the stock. Telsey Advisory Group’s price objective points to a potential upside of 51.45% from the stock’s previous close.
A number of other analysts have also recently weighed in on YELP. Analysts at Tigress Financial initiated coverage on shares of Yelp in a research note on Tuesday, July 22nd. They set a “neutral” rating on the stock. They noted that the move was a valuation call. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $87.62.
Yelp (NASDAQ:YELP) traded down 0.25% on Tuesday, hitting $69.16. The stock had a trading volume of 911,845 shares. Yelp has a 1-year low of $40.38 and a 1-year high of $101.75. The stock’s 50-day moving average is $72.20 and its 200-day moving average is $74.22. The company’s market cap is $4.956 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.
In other Yelp news, CEO Jeremy Stoppelman unloaded 13,514 shares of the company’s stock on the open market in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $69.46, for a total value of $938,682.44. The transaction was disclosed in a filing 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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