Yelp Inc. (NYSE:YELP) had its price objective upped by stock analysts at Robert W. Baird from $37.00 to $44.00 in a report released on Friday. The firm presently has a “neutral” rating on the local business review company’s stock. Robert W. Baird’s price objective points to a potential downside of 4.49% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Jefferies Group LLC increased their price objective on shares of Yelp from $37.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Needham & Company LLC restated a “buy” rating and set a $43.00 price objective (up previously from $30.00) on shares of Yelp in a research report on Friday, August 4th. MKM Partners raised shares of Yelp from a “neutral” rating to a “buy” rating and upped their target price for the company from $27.00 to $31.31 in a report on Friday, August 4th. Credit Suisse Group set a $40.00 target price on shares of Yelp and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $45.00 target price (up from $36.00) on shares of Yelp in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $43.37.

Shares of Yelp (NYSE:YELP) traded up $0.09 during trading on Friday, reaching $46.07. 1,660,000 shares of the company were exchanged, compared to its average volume of 1,597,790. The company has a market capitalization of $3,768.66, a P/E ratio of 209.41, a price-to-earnings-growth ratio of 25.05 and a beta of 1.29. Yelp has a 12 month low of $26.93 and a 12 month high of $48.17.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Wednesday, November 1st. The local business review company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.30. The company had revenue of $222.40 million for the quarter, compared to the consensus estimate of $220.75 million. Yelp had a net margin of 2.31% and a return on equity of 2.26%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 earnings per share. analysts predict that Yelp will post 0.14 EPS for the current year.

Yelp announced that its board has initiated a stock buyback program on Thursday, August 3rd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the local business review company to buy up to 7.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

ILLEGAL ACTIVITY WARNING: “Robert W. Baird Increases Yelp Inc. (YELP) Price Target to $44.00” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/11/04/robert-w-baird-increases-yelp-inc-yelp-price-target-to-44-00.html.

In related news, Director Geoffrey L. Donaker sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $47.00, for a total value of $282,000.00. Following the transaction, the director now owns 9,590 shares of the company’s stock, valued at approximately $450,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Charles Baker sold 3,921 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $41.45, for a total transaction of $162,525.45. Following the completion of the transaction, the chief financial officer now directly owns 112,941 shares in the company, valued at approximately $4,681,404.45. The disclosure for this sale can be found here. Insiders sold a total of 310,981 shares of company stock valued at $13,545,530 in the last 90 days. Company insiders own 10.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Amalgamated Bank increased its stake in Yelp by 0.9% in the 2nd quarter. Amalgamated Bank now owns 9,993 shares of the local business review company’s stock worth $300,000 after buying an additional 88 shares during the period. Pier 88 Investment Partners LLC increased its stake in Yelp by 1.7% in the 2nd quarter. Pier 88 Investment Partners LLC now owns 17,580 shares of the local business review company’s stock worth $528,000 after buying an additional 300 shares during the period. California State Teachers Retirement System increased its stake in Yelp by 1.0% in the 2nd quarter. California State Teachers Retirement System now owns 137,621 shares of the local business review company’s stock worth $4,131,000 after buying an additional 1,427 shares during the period. Parallel Advisors LLC increased its stake in Yelp by 3.5% in the 2nd quarter. Parallel Advisors LLC now owns 55,591 shares of the local business review company’s stock worth $1,808,000 after buying an additional 1,899 shares during the period. Finally, Menta Capital LLC increased its stake in Yelp by 10.6% in the 2nd quarter. Menta Capital LLC now owns 19,900 shares of the local business review company’s stock worth $597,000 after buying an additional 1,900 shares during the period. 89.28% of the stock is currently owned by institutional investors.

About Yelp

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.

Analyst Recommendations for Yelp (NYSE:YELP)

Receive News & Ratings for Yelp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.