Yelp Earnings Estimates Raised at MKM Partners (YELP)
Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust reiterated a “buy” rating on shares of Yelp in a research note on Thursday, July 31st. They now have a $90.00 price target on the stock, up previously from $85.00. Separately, analysts at Barclays reiterated a “buy” rating on shares of Yelp in a research note on Thursday, July 31st. They now have a $85.00 price target on the stock, up previously from $73.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Yelp in a research note on Thursday, July 31st. They now have a $87.00 price target on the stock, up previously from $74.00. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $89.13.
Shares of Yelp (NASDAQ:YELP) traded down 0.50% during mid-day trading on Tuesday, hitting $68.23. 4,154,609 shares of the company’s stock traded hands. 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 $72.49 and its 200-day moving average is $73.82. The company’s market cap is $4.918 billion.
Yelp (NASDAQ:YELP) last released its earnings data on Wednesday, July 30th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.01) earnings per share. Yelp’s revenue was up 61.5% compared to the same quarter last year. Analysts expect that Yelp will post $0.08 EPS for the current fiscal year.
In other Yelp news, SVP Laurence Wilson sold 11,250 shares of the stock on the open market in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $74.54, for a total value of $838,575.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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