Yelp Inc (NYSE:YELP) has earned a consensus recommendation of “Hold” from the twenty-six research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $49.05.
YELP has been the topic of several recent analyst reports. KeyCorp downgraded shares of Yelp from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, June 6th. Stifel Nicolaus boosted their target price on shares of Yelp from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Thursday, August 9th. JPMorgan Chase & Co. boosted their target price on shares of Yelp to $57.00 and gave the company an “overweight” rating in a research note on Thursday, August 9th. Barclays boosted their target price on shares of Yelp from $47.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, August 9th. Finally, SunTrust Banks set a $50.00 target price on shares of Yelp and gave the company a “buy” rating in a research note on Wednesday, August 8th.
Shares of NYSE YELP traded up $0.11 during trading on Friday, hitting $46.05. The company had a trading volume of 1,449,014 shares, compared to its average volume of 1,369,927. The stock has a market capitalization of $3.83 billion, a P/E ratio of 657.86, a P/E/G ratio of 8.30 and a beta of 1.32. Yelp has a 52 week low of $36.42 and a 52 week high of $51.33.
Yelp (NYSE:YELP) last announced its earnings results on Wednesday, August 8th. The local business review company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.14. Yelp had a net margin of 17.64% and a return on equity of 0.74%. The company had revenue of $234.90 million for the quarter, compared to the consensus estimate of $232.26 million. During the same period in the previous year, the business earned $0.25 EPS. The company’s revenue was up 11.9% on a year-over-year basis. sell-side analysts predict that Yelp will post 0.28 earnings per share for the current year.
In other news, Director Geoffrey L. Donaker sold 6,000 shares of the business’s stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $41.58, for a total transaction of $249,480.00. Following the transaction, the director now directly owns 10,055 shares in the company, valued at approximately $418,086.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeremy Stoppelman sold 13,000 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $44.69, for a total transaction of $580,970.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 209,803 shares of company stock worth $9,093,475. 9.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of YELP. BlackRock Inc. boosted its holdings in Yelp by 28.7% in the second quarter. BlackRock Inc. now owns 7,154,009 shares of the local business review company’s stock worth $280,295,000 after purchasing an additional 1,597,355 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in Yelp by 126.7% in the second quarter. Macquarie Group Ltd. now owns 1,105,663 shares of the local business review company’s stock worth $43,320,000 after purchasing an additional 617,864 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Yelp by 647.5% in the second quarter. Dimensional Fund Advisors LP now owns 647,466 shares of the local business review company’s stock worth $25,368,000 after purchasing an additional 560,847 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Yelp in the first quarter worth $20,291,000. Finally, Millennium Management LLC boosted its holdings in Yelp by 68.0% in the first quarter. Millennium Management LLC now owns 857,030 shares of the local business review company’s stock worth $35,781,000 after purchasing an additional 346,768 shares in the last quarter. Institutional investors and hedge funds own 92.29% of the company’s stock.
Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.
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