Yelp Given Average Rating of “Buy” by Brokerages (NASDAQ:YELP)
Shares of Yelp (NASDAQ:YELP) have earned an average rating of “Buy” from the thirty-three analysts that are currently covering the company, Stock Ratings Network reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $90.10.
YELP has been the subject of a number of recent research reports. 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 1,250 shares of the company’s stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $82.22, for a total value of $102,775.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Yelp (NASDAQ:YELP) opened at 82.42 on Tuesday. Yelp has a 52-week low of $49.11 and a 52-week high of $101.75. The stock’s 50-day moving average is $72.90 and its 200-day moving average is $73.53. The company’s market cap is $5.941 billion.
Yelp (NASDAQ:YELP) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was up 61.5% on a year-over-year basis. On average, analysts predict that Yelp will post $0.09 earnings per share 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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