Yelp Inc (NYSE:YELP) has been assigned an average recommendation of “Hold” from the forty-one ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $43.37.

YELP has been the topic of several recent research reports. Zacks Investment Research lowered shares of Yelp from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. SunTrust Banks set a $51.00 target price on shares of Yelp and gave the company a “buy” rating in a report on Friday, October 27th. Goldman Sachs Group restated a “neutral” rating and set a $42.00 target price on shares of Yelp in a report on Wednesday, October 11th. Cantor Fitzgerald lowered shares of Yelp from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $46.73 to $44.00 in a report on Monday, October 9th. Finally, KeyCorp reiterated a “buy” rating and issued a $54.00 price objective on shares of Yelp in a report on Tuesday, October 17th.

In other Yelp news, insider Alan Ramsay sold 592 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $46.92, for a total value 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 legal filing with the SEC, which is available through the SEC website. Also, insider Laurence Wilson sold 30,000 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $46.18, for a total transaction of $1,385,400.00. Following the completion of the transaction, the insider now owns 187,739 shares of the company’s stock, valued at approximately $8,669,787.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 326,956 shares of company stock valued at $14,660,198. Insiders own 10.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Strs Ohio bought a new position in shares of Yelp in the second quarter valued at approximately $108,000. Russell Investments Group Ltd. boosted its holdings in shares of Yelp by 98.8% in the second quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock valued at $123,000 after acquiring an additional 2,033 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Yelp by 28,585.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock valued at $174,000 after purchasing an additional 4,002 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in Yelp during the third quarter valued at approximately $204,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in Yelp during the second quarter valued at approximately $205,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Yelp (NYSE:YELP) traded down $0.13 during trading hours on Friday, hitting $42.17. 843,600 shares of the company traded hands, compared to its average volume of 2,453,160. The firm has a market cap of $3,506.21, a price-to-earnings ratio of 192.27, a price-to-earnings-growth ratio of 9.11 and a beta of 1.22. Yelp has a 1-year low of $26.93 and a 1-year high of $48.40.

Yelp (NYSE:YELP) last posted its earnings results on Wednesday, November 1st. The local business review company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ 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 business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. analysts forecast that Yelp will post 0.17 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for Yelp (NYSE:YELP)

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