Vetr downgraded shares of Yelp Inc. (NYSE:YELP) from a buy rating to a hold rating in a research report report published on Tuesday morning. They currently have $42.74 target price on the local business review company’s stock.
Other equities analysts have also issued research reports about the stock. Macquarie increased their target price on shares of Yelp from $39.00 to $46.00 and gave the company an outperform rating in a report on Wednesday, September 7th. Cantor Fitzgerald reaffirmed a buy rating and set a $42.00 target price on shares of Yelp in a report on Tuesday. Maxim Group increased their target price on shares of Yelp from $42.00 to $45.00 and gave the company a buy rating in a report on Monday. Jefferies Group reaffirmed a buy rating and set a $42.00 target price on shares of Yelp in a report on Tuesday, September 6th. Finally, B. Riley reaffirmed a neutral rating and set a $27.00 target price on shares of Yelp in a report on Monday, August 15th. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nineteen have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $35.61.
Shares of Yelp (NYSE:YELP) opened at 41.67 on Tuesday. The company’s market cap is $3.22 billion. The firm’s 50 day moving average is $37.95 and its 200-day moving average is $28.54. Yelp has a 1-year low of $14.53 and a 1-year high of $41.77.
Yelp (NYSE:YELP) last posted its quarterly earnings data 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 firm had revenue of $173.40 million for the quarter, compared to analysts’ expectations of $169.82 million. Yelp had a negative net margin of 7.20% and a negative return on equity of 6.14%. The business’s quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter last year, the company posted $0.12 EPS. Equities analysts expect that Yelp will post ($0.19) earnings per share for the current year.
In related news, SVP Michael Stoppelman sold 5,000 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $38.19, for a total transaction of $190,950.00. Following the sale, the senior vice president now owns 131,948 shares of the company’s stock, valued at $5,039,094.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeremy Stoppelman sold 263,000 shares of the company’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $40.00, for a total transaction of $10,520,000.00. The disclosure for this sale can be found here. Corporate insiders own 11.08% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in YELP. UBS Group AG increased its stake in Yelp by 107.1% in the first quarter. UBS Group AG now owns 31,436 shares of the local business review company’s stock worth $625,000 after buying an additional 474,072 shares during the last quarter. Fisher Asset Management LLC increased its stake in Yelp by 2.8% in the second quarter. Fisher Asset Management LLC now owns 391,351 shares of the local business review company’s stock worth $11,670,000 after buying an additional 10,486 shares during the last quarter. Geduld E E acquired a new stake in Yelp during the second quarter worth about $304,000. OMERS ADMINISTRATION Corp acquired a new stake in Yelp during the first quarter worth about $364,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Yelp during the first quarter worth about $475,000. 74.90% of the stock is currently owned by institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
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