Yelp’s (NYSE:YELP) Neutral Rating Reaffirmed at Robert W. Baird
Yelp Inc. (NYSE:YELP)‘s stock had its “neutral” rating reissued by Robert W. Baird in a note issued to investors on Monday.
Other analysts also recently issued research reports about the company. Vetr downgraded Yelp from a “buy” rating to a “hold” rating and set a $36.94 price target on the stock. in a research note on Thursday, April 27th. Wells Fargo & Company upgraded Yelp from an “underperform” rating to a “market perform” rating and set a $27.00 price target for the company in a report on Friday, May 5th. Cantor Fitzgerald reiterated a “buy” rating and set a $46.00 price target on shares of Yelp in a report on Friday, May 5th. B. Riley reiterated a “neutral” rating and set a $25.00 price target on shares of Yelp in a report on Wednesday, May 10th. Finally, Royal Bank Of Canada cut Yelp from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $49.00 to $27.00 in a 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 assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $35.26.
Shares of Yelp (YELP) opened at 30.02 on Monday. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 405.68 and a beta of 1.46. The stock’s 50 day moving average price is $29.25 and its 200-day moving average price is $34.46. Yelp has a 12 month low of $26.93 and a 12 month high of $43.41.
Yelp (NYSE:YELP) last issued its quarterly earnings data on Tuesday, May 9th. The local business review company reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. The business had revenue of $197.32 million for the quarter, compared to the consensus estimate of $198.51 million. Yelp had a return on equity of 0.77% and a net margin of 0.80%. The firm’s revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. On average, equities research analysts predict that Yelp will post ($0.08) EPS for the current fiscal year.
In other news, Director Geoffrey L. Donaker sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $27.65, for a total transaction of $110,600.00. Following the completion of the transaction, the director now directly owns 9,590 shares of the company’s stock, valued at $265,163.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Charles Baker sold 12,176 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $28.23, for a total transaction of $343,728.48. Following the transaction, the chief financial officer now directly owns 116,862 shares of the company’s stock, valued at $3,299,014.26. The disclosure for this sale can be found here. Insiders have sold 71,121 shares of company stock worth $2,197,466 in the last three months. 10.10% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Yelp during the first quarter worth approximately $15,255,000. Nuveen Asset Management LLC purchased a new position in Yelp during the first quarter worth $971,000. UBS Oconnor LLC raised its position in Yelp by 490.0% in the first quarter. UBS Oconnor LLC now owns 873,524 shares of the local business review company’s stock worth $28,608,000 after buying an additional 725,465 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in Yelp during the first quarter worth $6,921,000. Finally, Adalta Capital Management LLC purchased a new position in Yelp during the first quarter worth $615,000. 88.85% of the stock is owned by institutional investors and hedge funds.
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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