Yelp Given Average Recommendation of “Buy” by Analysts (NASDAQ:YELP)
Yelp (NASDAQ:YELP) has received an average rating of “Buy” from the thirty-three brokerages that are covering the company, American Banking News.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $90.10.
Yelp (NASDAQ:YELP) opened at 82.60 on Tuesday. Yelp has a one year low of $49.11 and a one year high of $101.75. The stock’s 50-day moving average is $71.75 and its 200-day moving average is $73.51. The company’s market cap is $5.954 billion.
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 last year, the company posted ($0.01) earnings per share. Yelp’s revenue was up 61.5% compared to the same quarter last year. On average, analysts predict that Yelp will post $0.09 earnings per share for the current fiscal year.
A number of research firms have recently commented on YELP. Analysts at Stifel Nicolaus initiated coverage on shares of Yelp in a research note on Wednesday, August 13th. They set a “buy” rating and a $85.00 price target on the stock. Separately, analysts at MKM Partners raised their EPS on shares of Yelp in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Finally, 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.
In other Yelp news, SVP Laurence Wilson sold 11,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $79.81, for a total transaction of $897,862.50. The transaction was disclosed in a filing with the SEC, 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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