Equities researchers at Evercore ISI initiated coverage on shares of Yelp (NYSE:YELP) in a note issued to investors on Tuesday, The Fly reports. The firm set a $46.00 price target on the local business review company’s stock. Evercore ISI’s price objective suggests a potential upside of 6.85% from the company’s previous close.

A number of other brokerages have also issued reports on YELP. Zacks Investment Research lowered Yelp from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. Robert W. Baird lifted their target price on Yelp from $37.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. KeyCorp reissued a “buy” rating and issued a $54.00 target price on shares of Yelp in a research report on Wednesday, September 6th. Morgan Stanley reissued an “equal weight” rating and issued a $40.00 target price (up previously from $26.00) on shares of Yelp in a research report on Monday, October 2nd. Finally, UBS reissued a “sell” rating and issued a $30.00 target price (up previously from $28.00) on shares of Yelp in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $43.53.

Yelp (YELP) traded down $0.84 during trading hours on Tuesday, hitting $43.05. The stock had a trading volume of 1,194,300 shares, compared to its average volume of 2,485,865. Yelp has a fifty-two week low of $26.93 and a fifty-two week high of $48.40. The company has a market cap of $3,638.00, a PE ratio of 199.50, a PEG ratio of 9.86 and a beta of 1.22.

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

In other news, CEO Jeremy Stoppelman sold 13,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $43.54, for a total transaction of $566,020.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Geoffrey L. Donaker sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $42.11, for a total value of $252,660.00. Following the sale, the director now owns 9,590 shares of the company’s stock, valued at $403,834.90. The disclosure for this sale can be found here. Insiders have sold a total of 314,956 shares of company stock valued at $14,168,048 over the last quarter. 10.10% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of YELP. Strs Ohio acquired a new position in Yelp in the 2nd quarter worth about $108,000. Oppenheimer Asset Management Inc. increased its holdings in Yelp by 28,585.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock worth $174,000 after purchasing an additional 4,002 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Yelp by 98.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock worth $123,000 after purchasing an additional 2,033 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in Yelp in the 3rd quarter worth about $204,000. Finally, Turner Investments LLC acquired a new position in Yelp in the 3rd quarter worth about $217,000. 85.75% of the stock is owned by institutional investors.

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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.

The Fly

Analyst Recommendations for Yelp (NYSE:YELP)

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