Aegis restated their buy rating on shares of Yelp Inc (NYSE:YELP) in a research report sent to investors on Wednesday.

A number of other brokerages have also issued reports on YELP. Vetr lowered shares of Yelp from a buy rating to a hold rating and set a $44.44 price target on the stock. in a research note on Wednesday, February 1st. Cantor Fitzgerald reiterated an overweight rating and set a $46.00 price target on shares of Yelp in a research note on Monday, February 6th. Roth Capital set a $30.00 price target on shares of Yelp and gave the stock a sell rating in a research note on Tuesday, February 7th. Royal Bank of Canada set a $55.00 price target on shares of Yelp and gave the stock a buy rating in a research note on Monday, February 6th. Finally, B. Riley reiterated a neutral rating and set a $36.00 price target on shares of Yelp in a research note on Friday, February 10th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $40.59.

Shares of Yelp (NYSE:YELP) opened at 34.65 on Wednesday. The company’s market capitalization is $2.76 billion. The firm has a 50-day moving average price of $36.52 and a 200-day moving average price of $37.63. Yelp has a one year low of $18.65 and a one year high of $43.41.

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Yelp (NYSE:YELP) last issued its quarterly earnings results on Thursday, February 9th. The local business review company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.24. Yelp had a negative net margin of 0.65% and a negative return on equity of 0.01%. The business had revenue of $194.50 million for the quarter, compared to analyst estimates of $194.51 million. During the same period in the previous year, the business posted $0.11 earnings per share. The business’s revenue was up 26.7% compared to the same quarter last year. Equities analysts forecast that Yelp will post $0.08 earnings per share for the current year.

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In other news, CEO Jeremy Stoppelman sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $42.58, for a total value of $553,540.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Michael Stoppelman sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 20th. The stock was sold at an average price of $40.90, for a total transaction of $204,500.00. Following the completion of the transaction, the senior vice president now owns 125,431 shares in the company, valued at $5,130,127.90. The disclosure for this sale can be found here. Insiders have sold a total of 165,284 shares of company stock worth $6,686,751 over the last quarter. 11.08% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aperio Group LLC increased its position in Yelp by 0.8% in the third quarter. Aperio Group LLC now owns 12,530 shares of the local business review company’s stock worth $523,000 after buying an additional 98 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Yelp by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 97,398 shares of the local business review company’s stock worth $3,714,000 after buying an additional 313 shares during the last quarter. Prudential Financial Inc. increased its position in Yelp by 4.3% in the third quarter. Prudential Financial Inc. now owns 14,500 shares of the local business review company’s stock worth $605,000 after buying an additional 600 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Yelp by 11.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 7,696 shares of the local business review company’s stock worth $293,000 after buying an additional 789 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in Yelp by 0.9% in the third quarter. California State Teachers Retirement System now owns 146,294 shares of the local business review company’s stock worth $6,100,000 after buying an additional 1,300 shares during the last quarter. Institutional investors own 74.24% of the company’s stock.

Yelp Company Profile

Yelp Inc (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.

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