Yelp Inc (NYSE:YELP) had its price objective decreased by Deutsche Bank AG from $52.00 to $36.00 in a research note released on Wednesday morning. Deutsche Bank AG currently has a buy rating on the local business review company’s stock.
A number of other research analysts have also recently weighed in on the stock. Cantor Fitzgerald reiterated an overweight rating and set a $46.00 price objective on shares of Yelp in a research report on Monday, February 6th. Pacific Crest upgraded shares of Yelp from a sector weight rating to an overweight rating and boosted their price objective for the company from $33.41 to $43.00 in a research report on Tuesday, April 11th. Roth Capital set a $28.00 price objective on shares of Yelp and gave the company a sell rating in a research report on Monday, March 27th. Vetr cut shares of Yelp from a strong-buy rating to a buy rating and set a $36.94 price objective on the stock. in a research report on Thursday, April 20th. Finally, Aegis reiterated a buy rating on shares of Yelp in a research report on Wednesday, March 15th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $35.60.
Shares of Yelp (NYSE:YELP) opened at 29.01 on Wednesday. Yelp has a one year low of $24.39 and a one year high of $43.41. The firm has a 50-day moving average of $33.27 and a 200-day moving average of $36.14. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 392.03 and a beta of 2.11.
Yelp (NYSE:YELP) last posted its quarterly earnings data on Tuesday, May 9th. The local business review company reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.02. Yelp had a negative net margin of 0.65% and a negative return on equity of 0.01%. The business had revenue of $197.32 million for the quarter, compared to analysts’ expectations of $198.51 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. The business’s revenue was up 24.4% compared to the same quarter last year. Equities research analysts forecast that Yelp will post ($0.07) EPS for the current fiscal year.
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In related news, SVP Michael Stoppelman sold 7,784 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $34.44, for a total value of $268,080.96. Following the transaction, the senior vice president now owns 125,431 shares in the company, valued at approximately $4,319,843.64. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Joseph R. Nachman sold 3,500 shares of the stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $35.99, for a total transaction of $125,965.00. Following the completion of the transaction, the chief operating officer now owns 141,404 shares in the company, valued at approximately $5,089,129.96. The disclosure for this sale can be found here. Insiders sold a total of 43,284 shares of company stock valued at $1,480,246 over the last ninety days. 11.08% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of YELP. US Bancorp DE increased its position in shares of Yelp by 3,181.0% in the third quarter. US Bancorp DE now owns 3,970 shares of the local business review company’s stock valued at $165,000 after buying an additional 3,849 shares during the period. Neuburgh Advisers LLC acquired a new position in shares of Yelp during the first quarter valued at $133,000. TLP Group LLC acquired a new position in shares of Yelp during the third quarter valued at $187,000. Independent Portfolio Consultants Inc. acquired a new position in shares of Yelp during the first quarter valued at $159,000. Finally, Tyers Asset Management LLC acquired a new position in shares of Yelp during the first quarter valued at $169,000. Institutional investors own 74.24% 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 offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.
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