Yelp (NYSE:YELP) received a $34.00 price target from stock analysts at Wells Fargo & Co in a note issued to investors on Friday. The firm presently has a “buy” rating on the local business review company’s stock. Wells Fargo & Co’s target price indicates a potential upside of 6.48% from the stock’s current price.
YELP has been the subject of several other research reports. Zacks Investment Research lowered shares of Yelp from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Royal Bank of Canada increased their price objective on shares of Yelp to $62.00 and gave the company an “outperform” rating in a research report on Monday, September 17th. ValuEngine lowered shares of Yelp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. SunTrust Banks set a $50.00 price objective on shares of Yelp and gave the company a “buy” rating in a research report on Wednesday, August 8th. Finally, Jefferies Financial Group increased their price objective on shares of Yelp from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. Yelp currently has a consensus rating of “Hold” and an average price target of $42.45.
YELP stock opened at $31.93 on Friday. Yelp has a 52 week low of $29.33 and a 52 week high of $52.50. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 456.14, a price-to-earnings-growth ratio of 7.46 and a beta of 1.29.
Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, November 8th. The local business review company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.09. Yelp had a net margin of 17.64% and a return on equity of 0.74%. The business had revenue of $241.10 million during the quarter, compared to analyst estimates of $245.55 million. During the same quarter last year, the business earned $0.29 earnings per share. Yelp’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that Yelp will post 0.3 EPS for the current fiscal year.
In other news, Director Geoffrey L. Donaker sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $44.74, for a total value of $89,480.00. Following the completion of the sale, the director now owns 8,055 shares in the company, valued at approximately $360,380.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeremy Stoppelman sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $43.98, for a total transaction of $571,740.00. The disclosure for this sale can be found here. Insiders sold a total of 223,500 shares of company stock valued at $10,135,885 in the last 90 days. Company insiders own 9.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. FNY Managed Accounts LLC bought a new stake in Yelp during the 3rd quarter valued at about $100,000. Strs Ohio bought a new stake in Yelp during the 2nd quarter valued at about $108,000. Emerald Acquisition Ltd. bought a new stake in Yelp during the 2nd quarter valued at about $112,000. FNY Partners Fund LP lifted its holdings in Yelp by 18,650.0% during the 1st quarter. FNY Partners Fund LP now owns 3,750 shares of the local business review company’s stock valued at $122,000 after buying an additional 3,730 shares in the last quarter. Finally, Slow Capital Inc. bought a new stake in Yelp during the 4th quarter valued at about $163,000. Institutional investors own 86.05% 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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