Cantor Fitzgerald Analysts Give Yelp Inc (YELP) a $39.00 Price Target
Yelp Inc (NYSE:YELP) received a $39.00 price objective from analysts at Cantor Fitzgerald in a research report issued on Wednesday. The firm currently has a “buy” rating on the local business review company’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 40.39% from the stock’s current price.
YELP has been the topic of a number of other reports. Royal Bank of Canada set a $55.00 price objective on Yelp and gave the company a “buy” rating in a research report on Monday, February 6th. Roth Capital set a $30.00 price objective on Yelp and gave the company a “sell” rating in a research report on Tuesday, February 7th. Credit Suisse Group AG set a $49.00 price objective on Yelp and gave the company a “buy” rating in a research report on Monday, March 20th. Vetr cut Yelp from a “strong-buy” rating to a “buy” rating and set a $36.94 price objective on the stock. in a research report on Thursday, April 20th. Finally, Wells Fargo & Co raised Yelp from an “underperform” rating to a “market perform” rating and set a $27.00 price objective on the stock in a research report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.36.
Shares of Yelp (NYSE:YELP) traded up 1.76% during midday trading on Wednesday, hitting $28.27. The stock had a trading volume of 1,519,433 shares. Yelp has a 12 month low of $25.19 and a 12 month high of $43.41. The stock’s 50 day moving average price is $32.25 and its 200 day moving average price is $35.81. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 382.03 and a beta of 2.11.
Yelp (NYSE:YELP) last posted its quarterly earnings data on Tuesday, May 9th. The local business review company reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.02. Yelp had a negative return on equity of 0.01% and a negative net margin of 0.65%. The firm had revenue of $197.32 million for the quarter, compared to analysts’ expectations of $198.51 million. During the same period in the previous year, the firm earned $0.08 EPS. The business’s quarterly revenue was up 24.4% on a year-over-year basis. On average, equities analysts forecast that Yelp will post ($0.08) EPS for the current fiscal year.
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In other Yelp news, Director Geoffrey L. Donaker sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $34.68, for a total value of $138,720.00. Following the completion of the sale, the director now directly owns 9,590 shares in the company, valued at approximately $332,581.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Joseph R. Nachman sold 3,500 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $35.99, for a total value of $125,965.00. Following the completion of the sale, the chief operating officer now owns 141,404 shares of the company’s stock, valued at $5,089,129.96. The disclosure for this sale can be found here. Insiders sold a total of 39,500 shares of company stock valued at $1,327,765 over the last quarter. Company insiders own 11.08% of the company’s stock.
Large investors have recently modified their holdings of the company. Prudential Financial Inc. boosted its stake in shares of 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 period. BlackRock Fund Advisors boosted its stake in shares of Yelp by 3.0% in the third quarter. BlackRock Fund Advisors now owns 662,020 shares of the local business review company’s stock worth $27,606,000 after buying an additional 19,578 shares during the period. A.R. Schmeidler & Co. Inc. boosted its stake in shares of Yelp by 54.0% in the third quarter. A.R. Schmeidler & Co. Inc. now owns 165,931 shares of the local business review company’s stock worth $6,919,000 after buying an additional 58,178 shares during the period. NorthCoast Asset Management LLC bought a new stake in shares of Yelp during the third quarter worth $22,260,000. Finally, G2 Investment Partners Management LLC boosted its stake in shares of Yelp by 46.1% in the third quarter. G2 Investment Partners Management LLC now owns 90,021 shares of the local business review company’s stock worth $3,754,000 after buying an additional 28,405 shares during the period. Hedge funds and other institutional investors own 74.24% of the company’s stock.
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 offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.
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