According to Zacks, “Yelp, Inc. is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services. The company serves customers in the United States, Canada, the United Kingdom, Ireland, France, Germany, Austria, the Netherlands, Spain, Italy, Switzerland and Belgium. Yelp, Inc. is headquartered in San Francisco, California. “
Several other equities research analysts also recently weighed in on the stock. Vetr downgraded shares of Yelp from a strong-buy rating to a buy rating and set a $33.45 target price for the company. in a research note on Monday, July 11th. Cantor Fitzgerald reiterated a buy rating on shares of Yelp in a research note on Friday, August 19th. Wells Fargo & Co. downgraded shares of Yelp from a market perform rating to an underperform rating and lifted their price objective for the stock from $27.59 to $30.38 in a research note on Wednesday, July 13th. MKM Partners reiterated a buy rating and set a $48.00 price objective (up from $40.00) on shares of Yelp in a research note on Thursday, August 25th. Finally, Jefferies Group reiterated a buy rating and set a $42.00 price objective on shares of Yelp in a research note on Monday, August 22nd. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $36.03.
Yelp (NYSE:YELP) opened at 38.82 on Wednesday. The stock’s market cap is $3.00 billion. Yelp has a 12-month low of $14.53 and a 12-month high of $43.36. The stock has a 50 day moving average price of $39.19 and a 200 day moving average price of $30.05.
Yelp (NYSE:YELP) last announced its earnings results on Tuesday, August 9th. The local business review company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.08. The company earned $173.40 million during the quarter, compared to the consensus estimate of $169.82 million. Yelp had a negative net margin of 7.20% and a negative return on equity of 6.14%. Yelp’s revenue was up 29.5% compared to the same quarter last year. During the same period last year, the firm earned $0.12 earnings per share. On average, analysts forecast that Yelp will post ($0.19) earnings per share for the current fiscal year.
In related news, SVP Michael Stoppelman sold 2,781 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $37.45, for a total value of $104,148.45. Following the completion of the sale, the senior vice president now owns 131,948 shares in the company, valued at $4,941,452.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Geoffrey L. Donaker sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $30.61, for a total transaction of $183,660.00. Following the completion of the sale, the chief operating officer now owns 6,000 shares of the company’s stock, valued at approximately $183,660. The disclosure for this sale can be found here. Corporate insiders own 11.08% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Algert Global LLC bought a new stake in shares of Yelp during the third quarter valued at approximately $502,000. Macquarie Group Ltd. boosted its stake in shares of Yelp by 1.6% in the second quarter. Macquarie Group Ltd. now owns 1,450,951 shares of the local business review company’s stock valued at $44,051,000 after buying an additional 22,868 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Yelp by 14.9% in the second quarter. Public Employees Retirement System of Ohio now owns 15,229 shares of the local business review company’s stock valued at $462,000 after buying an additional 1,971 shares during the period. Personal Capital Advisors Corp boosted its stake in shares of Yelp by 16.0% in the second quarter. Personal Capital Advisors Corp now owns 420,991 shares of the local business review company’s stock valued at $12,781,000 after buying an additional 58,034 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Yelp by 3.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 111,168 shares of the local business review company’s stock valued at $3,376,000 after buying an additional 3,576 shares during the period. Hedge funds and other institutional investors own 74.90% 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 provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.
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