Yelp Inc. (YELP) Earns Buy Rating from Jefferies Group LLC
Yelp Inc. (NYSE:YELP)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Group LLC in a research report issued to clients and investors on Friday. They currently have a $37.00 price target on the local business review company’s stock. Jefferies Group LLC’s target price suggests a potential upside of 23.50% from the stock’s current price.
A number of other equities research analysts also recently commented on the company. Cantor Fitzgerald restated an “overweight” rating on shares of Yelp in a research report on Monday, April 10th. Royal Bank Of Canada reduced their target price on Yelp from $46.00 to $29.00 and set a “market perform” rating on the stock in a research report on Thursday, May 11th. Citigroup Inc. upgraded Yelp from a “neutral” rating to a “buy” rating and reduced their target price for the company from $39.00 to $35.00 in a research report on Thursday, May 11th. Zacks Investment Research downgraded Yelp from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Finally, William Blair restated a “market perform” rating on shares of Yelp in a research report on Wednesday, May 10th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $35.26.
Yelp (NYSE:YELP) traded up 3.07% during mid-day trading on Friday, reaching $30.88. The company had a trading volume of 8,006,932 shares. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 417.30 and a beta of 1.66. The stock has a 50 day moving average of $30.15 and a 200 day moving average of $34.76. Yelp has a 52 week low of $26.35 and a 52 week high of $43.41.
Yelp (NYSE:YELP) last announced its quarterly earnings data on Tuesday, May 9th. The local business review company reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.02. Yelp had a return on equity of 0.77% and a net margin of 0.80%. The firm had revenue of $197.32 million for the quarter, compared to the consensus estimate of $198.51 million. During the same quarter last year, the business posted $0.08 earnings per share. The firm’s revenue was up 24.4% compared to the same quarter last year. Analysts anticipate that Yelp will post ($0.08) earnings per share for the current year.
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In related news, Director Geoffrey L. Donaker sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $27.65, for a total value of $110,600.00. Following the sale, the director now owns 9,590 shares in the company, valued at approximately $265,163.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Laurence Wilson sold 3,128 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $28.23, for a total value of $88,303.44. Following the completion of the sale, the senior vice president now owns 181,947 shares in the company, valued at approximately $5,136,363.81. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,121 shares of company stock valued at $2,207,506. Company insiders own 11.08% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. FMR LLC purchased a new stake in Yelp during the fourth quarter worth $12,756,000. Janus Capital Management LLC boosted its stake in Yelp by 215.9% in the fourth quarter. Janus Capital Management LLC now owns 27,800 shares of the local business review company’s stock worth $1,060,000 after buying an additional 19,000 shares in the last quarter. Swiss National Bank boosted its stake in Yelp by 14.2% in the first quarter. Swiss National Bank now owns 129,264 shares of the local business review company’s stock worth $4,233,000 after buying an additional 16,100 shares in the last quarter. Independent Portfolio Consultants Inc. purchased a new stake in Yelp during the first quarter worth $159,000. Finally, Russell Investments Group Ltd. purchased a new stake in Yelp during the fourth quarter worth $2,071,000. Institutional investors and hedge funds own 90.69% 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 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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