Yelp (NYSE: YELP) recently received a number of ratings updates from brokerages and research firms:

  • 11/3/2017 – Yelp had its price target raised by analysts at Robert W. Baird from $37.00 to $44.00. They now have a “neutral” rating on the stock.
  • 11/3/2017 – Yelp had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $38.00 price target on the stock.
  • 11/2/2017 – Yelp had its “hold” rating reaffirmed by analysts at B. Riley. They now have a $39.00 price target on the stock. They wrote, “We change 2017/2018 AEBITDA estimates from $150.5MM/$194.8MM to $155.6MM/$177.1MM (+3%/-9%) and introduce 2019 AEBITDA of $214.0MM. Our PT increases from $36.00 to $39.00 and is based on 13.0x 2019 AEBITDA (13.0x 2018 previously) in line with comps. Maintain Neutral. Key Points Solid 3Q Beat: Revenue/AEBITDA came in at $222.4MM/$42.8MM versus our estimate of $219.2MM/$31.6MM versus consensus of $220.8MM/$34.7MM. While revenue was only slightly ahead, Sales & Marketing efficiency drove the AEBITDA beat coming in at 51% of Sales versus our estimate of 56%, potentially as growth in self-serve channel obviated need to pay sales commissions. Local/Transactions/Other came in at $199.6MM/ $18.5MM/ $4.3MM versus our estimates of $197.4MM/$18.4MM/$3.4MM and consensus at $198.3MM/$18.8MM/$3.6MM.””
  • 11/2/2017 – Yelp was upgraded by analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating. They now have a $55.00 price target on the stock, up previously from $36.00.
  • 11/2/2017 – Yelp had its “buy” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $52.00 price target on the stock.
  • 11/2/2017 – Yelp had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $49.00 price target on the stock.
  • 11/2/2017 – Yelp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “Yelp, Inc. is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services. The company serves customers in the United States, Canada, the United Kingdom, Ireland, France, Germany, Austria, the Netherlands, Spain, Italy, Switzerland and Belgium. Yelp, Inc. is headquartered in San Francisco, California. “
  • 11/2/2017 – Yelp had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $45.00 price target on the stock, up previously from $36.00. They wrote, “We See Limited Upside, 3/2/17, we believe a full transition to a dynamic lead generation monetization model (the ideal format, in our view) will require substantial changes to Yelp’s current RAQ model. Further, we question what we view as bullish investor assumptions that development of a lead generation model will necessarily be additive to Yelp’s ad revenue growth profile.””
  • 11/2/2017 – Yelp had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $54.00 price target on the stock.
  • 11/2/2017 – Yelp had its price target raised by analysts at Barclays PLC from $36.00 to $43.00. They now have an “equal weight” rating on the stock.
  • 11/2/2017 – Yelp had its price target raised by analysts at Credit Suisse Group from $48.00 to $51.00. They now have an “outperform” rating on the stock.
  • 11/1/2017 – Yelp had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $44.00 price target on the stock. They wrote, “Expecting in-line results. Our 3Q17 revenue and EBITDA estimates of $221.8M (+19.1% Y/Y) and $34.8M (15.7% margin) are virtually in line with consensus estimates (FactSet) of $220.8M and $34.7M and guidance of $217-222M and $32-35M, respectively. By segment, we expect ad revenue to increase 17.5% Y/Y to $198.5M (vs. +19.1% Y/Y in 2Q17), transaction revenue to increase +21.0% Y/Y to $19.2M (vs.””
  • 11/1/2017 – Yelp was given a new $51.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “buy” rating on the stock.
  • 10/31/2017 – Yelp had its price target raised by analysts at Roth Capital from $35.00 to $41.00. They now have a “neutral” rating on the stock.
  • 10/27/2017 – Yelp was given a new $51.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “buy” rating on the stock.
  • 10/26/2017 – Yelp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Yelp, Inc. is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services. The company serves customers in the United States, Canada, the United Kingdom, Ireland, France, Germany, Austria, the Netherlands, Spain, Italy, Switzerland and Belgium. Yelp, Inc. is headquartered in San Francisco, California. “
  • 10/18/2017 – Yelp had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $48.00 price target on the stock, up previously from $40.00.
  • 10/17/2017 – Yelp had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $54.00 price target on the stock.
  • 10/13/2017 – Yelp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/11/2017 – Yelp had its “hold” rating reaffirmed by analysts at B. Riley. They now have a $36.00 price target on the stock.
  • 10/11/2017 – Yelp had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $42.00 price target on the stock.
  • 10/10/2017 – Yelp had its price target raised by analysts at Bank of America Corporation from $43.00 to $52.00. They now have a “buy” rating on the stock.
  • 10/9/2017 – Yelp was downgraded by analysts at Cantor Fitzgerald from an “overweight” rating to a “neutral” rating. They now have a $44.00 price target on the stock, down previously from $46.73.
  • 10/6/2017 – Yelp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/4/2017 – Yelp had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $54.00 price target on the stock.
  • 10/2/2017 – Yelp had its price target raised by analysts at Citigroup Inc. from $42.00 to $50.00. They now have a “buy” rating on the stock.
  • 10/2/2017 – Yelp had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $40.00 price target on the stock, up previously from $26.00.
  • 9/22/2017 – Yelp is now covered by analysts at DA Davidson. They set a “buy” rating and a $51.00 price target on the stock.

Shares of Yelp Inc. (NYSE:YELP) opened at $45.91 on Wednesday. Yelp Inc. has a one year low of $26.93 and a one year high of $48.17. The firm has a market cap of $3,804.60, a P/E ratio of 208.64, a PEG ratio of 10.31 and a beta of 1.29.

Yelp (NYSE:YELP) last posted its quarterly earnings results on Wednesday, November 1st. The local business review company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.30. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The company had revenue of $222.40 million for the quarter, compared to the consensus estimate of $220.75 million. During the same period last year, the company posted $0.22 EPS. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. equities research analysts forecast that Yelp Inc. will post 0.17 EPS for the current year.

In related news, SVP Laurence Wilson sold 4,208 shares of Yelp stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $41.45, for a total transaction of $174,421.60. Following the sale, the senior vice president now directly owns 177,739 shares in the company, valued at approximately $7,367,281.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $41.94, for a total transaction of $545,220.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 300,481 shares of company stock worth $13,254,185. 10.10% of the stock is currently owned by corporate insiders.

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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