Yelp Given New $85.00 Price Target at CRT Capital (YELP)
Investment analysts at CRT Capital upped their target price on shares of Yelp (NASDAQ:YELP) from $73.00 to $85.00 in a note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. CRT Capital’s price objective would suggest a potential upside of 12.43% from the stock’s previous close.
A number of other analysts have also recently weighed in on YELP. Analysts at Deutsche Bank raised their price target on shares of Yelp from $74.00 to $86.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Macquarie raised their price target on shares of Yelp from $82.00 to $93.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Yelp from $94.00 to $100.00 in a research note on Thursday. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have assigned a buy rating to the company. Yelp has a consensus rating of “Buy” and an average target price of $89.14.
In other Yelp news, CEO Jeremy Stoppelman sold 13,514 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $69.46, for a total transaction of $938,682.44. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Yelp (NASDAQ:YELP) opened at 75.60 on Thursday. Yelp has a 52 week low of $46.96 and a 52 week high of $101.75. The stock’s 50-day moving average is $72.62 and its 200-day moving average is $74.14. The company’s market cap is $5.418 billion. Yelp also was the recipient of unusually large options trading activity on Wednesday. Investors purchased 42,864 call options on the company. This represents an increase of approximately 631% compared to the average volume of 5,866 call options.
Yelp (NASDAQ:YELP) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.07. The company had revenue of $88.80 million for the quarter, compared to the consensus estimate of $86.32 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 61.5% on a year-over-year basis. Analysts expect that Yelp will post $-0.03 EPS for the current fiscal year.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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