Yelp (NYSE:YELP)‘s stock had its “underweight” rating reiterated by research analysts at Piper Jaffray Companies in a note issued to investors on Thursday.

Several other analysts have also commented on the stock. Zacks Investment Research lowered shares of Yelp from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. SunTrust Banks set a $51.00 price objective on shares of Yelp and gave the stock a “buy” rating in a research report on Friday, October 27th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Yelp in a research report on Wednesday, October 11th. Cantor Fitzgerald lowered shares of Yelp from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $46.73 to $44.00 in a research report on Monday, October 9th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Yelp in a research report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have assigned a buy rating to the company. Yelp presently has a consensus rating of “Hold” and an average target price of $43.53.

Shares of Yelp (YELP) opened at $41.88 on Thursday. The company has a market cap of $3,555.52, a PE ratio of 194.98, a price-to-earnings-growth ratio of 9.14 and a beta of 1.22. Yelp has a 12-month low of $26.93 and a 12-month high of $48.40.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Wednesday, November 1st. The local business review company reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.30. The business had revenue of $222.40 million for the quarter, compared to analyst estimates of $220.75 million. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. equities analysts predict that Yelp will post 0.18 earnings per share for the current fiscal year.

In related news, insider Laurence Wilson sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $44.08, for a total transaction of $1,102,000.00. Following the sale, the insider now owns 195,610 shares of the company’s stock, valued at approximately $8,622,488.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Geoffrey L. Donaker sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $47.39, for a total transaction of $284,340.00. Following the sale, the director now directly owns 9,590 shares in the company, valued at approximately $454,470.10. The disclosure for this sale can be found here. Insiders have sold a total of 314,956 shares of company stock worth $14,168,048 in the last ninety days. 10.10% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Yelp by 84.9% in the 2nd quarter. BlackRock Inc. now owns 5,232,684 shares of the local business review company’s stock worth $157,084,000 after buying an additional 2,403,240 shares in the last quarter. Southpoint Capital Advisors LP purchased a new position in Yelp in the 2nd quarter worth approximately $66,044,000. First Trust Advisors LP grew its stake in Yelp by 794.9% in the 2nd quarter. First Trust Advisors LP now owns 1,930,508 shares of the local business review company’s stock worth $57,954,000 after buying an additional 1,714,785 shares in the last quarter. Dorsey Asset Management LLC purchased a new position in Yelp in the 2nd quarter worth approximately $22,095,000. Finally, Prescott General Partners LLC grew its stake in Yelp by 21.3% in the 2nd quarter. Prescott General Partners LLC now owns 3,851,774 shares of the local business review company’s stock worth $115,630,000 after buying an additional 676,251 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Yelp (NYSE:YELP)

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