Yelp Inc. (NYSE:YELP) Receives $37.33 Consensus PT from Brokerages

Yelp Inc. (NYSE:YELP) has earned a consensus recommendation of “Reduce” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $37.33.

A number of analysts recently issued reports on the company. Bank of America assumed coverage on Yelp in a research report on Monday, September 16th. They issued an “underperform” rating and a $30.00 price target for the company. StockNews.com downgraded shares of Yelp from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. dropped their price target on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Morgan Stanley increased their price objective on shares of Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. Finally, The Goldman Sachs Group lowered Yelp from a “buy” rating to a “neutral” rating and dropped their target price for the company from $46.00 to $38.00 in a research report on Monday, October 14th.

Insider Buying and Selling at Yelp

In other Yelp news, CTO Sam Eaton sold 10,776 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $35.00, for a total transaction of $377,160.00. Following the transaction, the chief technology officer now directly owns 145,171 shares in the company, valued at $5,080,985. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, COO Joseph R. Nachman sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $33.25, for a total value of $232,750.00. Following the completion of the sale, the chief operating officer now owns 281,842 shares of the company’s stock, valued at approximately $9,371,246.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Sam Eaton sold 10,776 shares of Yelp stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $35.00, for a total transaction of $377,160.00. Following the transaction, the chief technology officer now directly owns 145,171 shares in the company, valued at approximately $5,080,985. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,776 shares of company stock valued at $848,050 in the last three months. Company insiders own 7.40% of the company’s stock.

Institutional Trading of Yelp

Hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Yelp by 0.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,231 shares of the local business review company’s stock worth $3,398,000 after purchasing an additional 288 shares during the last quarter. CWM LLC lifted its position in shares of Yelp by 24.7% during the second quarter. CWM LLC now owns 1,903 shares of the local business review company’s stock valued at $70,000 after buying an additional 377 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Yelp by 54.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock valued at $40,000 after buying an additional 405 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Yelp by 262.8% in the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock worth $25,000 after buying an additional 481 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Yelp by 115.9% during the 3rd quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after acquiring an additional 524 shares in the last quarter. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Yelp Trading Down 0.1 %

Shares of NYSE YELP opened at $33.38 on Monday. Yelp has a 12-month low of $32.56 and a 12-month high of $48.99. The firm’s 50-day moving average price is $34.23 and its 200-day moving average price is $36.18. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 0.81 and a beta of 1.33.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, August 8th. The local business review company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $357.00 million for the quarter, compared to the consensus estimate of $352.98 million. Yelp had a return on equity of 18.71% and a net margin of 10.01%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 earnings per share. On average, equities analysts predict that Yelp will post 1.65 EPS for the current fiscal year.

About Yelp

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.