Yelp (NYSE:YELP) had its target price decreased by equities researchers at Stifel Nicolaus from $40.00 to $38.00 in a note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a “hold” rating on the local business review company’s stock. Stifel Nicolaus’ price target indicates a potential downside of 0.76% from the company’s previous close.
Several other equities research analysts have also commented on YELP. Robert W. Baird boosted their price objective on Yelp from $37.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. B. Riley restated a “neutral” rating on shares of Yelp in a research report on Tuesday, February 6th. ValuEngine lowered Yelp from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Yelp from a “sell” rating to a “hold” rating in a research report on Saturday, January 27th. Finally, Credit Suisse Group upped their price target on Yelp from $48.00 to $51.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eighteen have given a buy rating to the company. Yelp presently has an average rating of “Hold” and an average price target of $43.46.
Yelp (NYSE YELP) traded down $0.34 during trading hours on Thursday, reaching $38.29. The company’s stock had a trading volume of 3,500,492 shares, compared to its average volume of 1,932,907. Yelp has a 52 week low of $26.93 and a 52 week high of $48.40. The stock has a market cap of $3,173.82, a price-to-earnings ratio of 22.26, a P/E/G ratio of 3.51 and a beta of 1.14.
A number of large investors have recently added to or reduced their stakes in YELP. 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 worth $174,000 after purchasing an additional 4,002 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Yelp by 46.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,240 shares of the local business review company’s stock worth $178,000 after purchasing an additional 1,337 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in Yelp during the third quarter worth $204,000. Ameritas Investment Partners Inc. acquired a new position in Yelp during the second quarter worth $205,000. Finally, ProShare Advisors LLC acquired a new position in Yelp during the second quarter worth $215,000. Institutional investors own 86.09% of the company’s stock.
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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.
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