Yelp (NYSE:YELP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday.

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. “

Several other research firms also recently issued reports on YELP. B. Riley reaffirmed a “neutral” rating and issued a $36.00 price objective on shares of Yelp in a research note on Friday, August 4th. Barclays reaffirmed an “equal weight” rating and issued a $36.00 price objective (up previously from $28.00) on shares of Yelp in a research note on Friday, August 4th. Robert W. Baird upped their target price on Yelp from $37.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. KeyCorp reiterated a “buy” rating and issued a $54.00 target price on shares of Yelp in a report on Wednesday, September 6th. Finally, Jefferies Group upped their target price on Yelp from $37.00 to $43.00 and gave the company a “buy” rating in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty have assigned a buy rating to the company’s stock. Yelp currently has an average rating of “Hold” and a consensus target price of $43.28.

Yelp (NYSE YELP) opened at $43.89 on Friday. The company has a market capitalization of $3,692.71, a PE ratio of 202.50, a price-to-earnings-growth ratio of 10.01 and a beta of 1.22. Yelp has a 52 week low of $26.93 and a 52 week high of $48.40.

Yelp (NYSE:YELP) last issued its earnings results on Wednesday, November 1st. The local business review company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.30. The firm had revenue of $222.40 million during the quarter, compared to the consensus estimate of $220.75 million. Yelp had a return on equity of 2.20% and a net margin of 2.31%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. equities research analysts anticipate that Yelp will post 0.17 earnings per share for the current fiscal year.

In other news, insider Alan Ramsay sold 592 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $46.92, for a total transaction of $27,776.64. Following the completion of the transaction, the insider now owns 20,048 shares in the company, valued at approximately $940,652.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeremy Stoppelman sold 13,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $42.62, for a total value of $554,060.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 327,956 shares of company stock valued at $14,722,108. Insiders own 10.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of YELP. California Public Employees Retirement System boosted its position in shares of Yelp by 2.0% during the 3rd quarter. California Public Employees Retirement System now owns 115,200 shares of the local business review company’s stock valued at $4,988,000 after acquiring an additional 2,300 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Yelp during the 3rd quarter valued at about $724,000. Granahan Investment Management Inc. MA bought a new stake in shares of Yelp during the 3rd quarter valued at about $1,098,000. Highbridge Capital Management LLC boosted its position in shares of Yelp by 61.8% during the 3rd quarter. Highbridge Capital Management LLC now owns 22,260 shares of the local business review company’s stock valued at $964,000 after acquiring an additional 8,501 shares during the last quarter. Finally, Crestline Management LP bought a new stake in shares of Yelp during the 3rd quarter valued at about $1,209,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

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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.

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