Yelp Inc (NYSE:YELP) – Stock analysts at DA Davidson reduced their Q1 2018 EPS estimates for shares of Yelp in a research report issued on Thursday. DA Davidson analyst T. Forte now expects that the local business review company will post earnings of ($0.05) per share for the quarter, down from their previous estimate of $0.04. DA Davidson also issued estimates for Yelp’s FY2018 earnings at $0.20 EPS.
Other research analysts also recently issued reports about the company. Wells Fargo & Co reissued a “market perform” rating and issued a $45.00 target price (up from $36.00) on shares of Yelp in a report on Thursday, November 2nd. B. Riley reissued a “neutral” rating on shares of Yelp in a report on Tuesday, February 6th. SunTrust Banks set a $50.00 target price on Yelp and gave the stock a “buy” rating in a report on Thursday. KeyCorp set a $54.00 target price on Yelp and gave the stock a “buy” rating in a report on Thursday. Finally, Zacks Investment Research raised Yelp from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective on the stock in a 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 assigned a buy rating to the company. Yelp presently has an average rating of “Hold” and an average target price of $43.46.
Institutional investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. increased its position in shares of 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 valued at $174,000 after buying an additional 4,002 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Yelp by 46.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,240 shares of the local business review company’s stock valued at $178,000 after buying an additional 1,337 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Yelp in the 3rd quarter valued at $204,000. Ameritas Investment Partners Inc. bought a new stake in shares of Yelp in the 2nd quarter valued at $205,000. Finally, ProShare Advisors LLC bought a new stake in shares of Yelp in the 2nd quarter valued at $215,000. Institutional investors own 86.09% of the company’s stock.
In other Yelp news, Director Geoffrey L. Donaker sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $45.49, for a total transaction of $272,940.00. Following the completion of the sale, the director now owns 9,590 shares in the company, valued at approximately $436,249.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeremy Stoppelman sold 13,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $45.40, for a total transaction of $590,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 257,085 shares of company stock valued at $11,338,738 in the last quarter. Corporate insiders own 10.10% of the company’s stock.
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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