Yelp Inc (NYSE:YELP) has been given an average recommendation of “Hold” by the twenty-six research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $49.05.
Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Yelp from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Wedbush reissued an “outperform” rating and issued a $60.00 price target on shares of Yelp in a research report on Thursday. Aegis lowered shares of Yelp to a “sell” rating in a research report on Wednesday, June 20th. KeyCorp reissued a “hold” rating on shares of Yelp in a research report on Thursday, August 9th. Finally, Barclays upped their price objective on shares of Yelp from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 9th.
In other news, Director Geoffrey L. Donaker sold 6,000 shares of the stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $41.58, for a total transaction of $249,480.00. Following the sale, the director now directly owns 10,055 shares of the company’s stock, valued at $418,086.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joseph R. Nachman sold 10,500 shares of the stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $40.00, for a total transaction of $420,000.00. The disclosure for this sale can be found here. Insiders have sold 209,803 shares of company stock worth $9,093,475 over the last three months. 9.00% of the stock is owned by insiders.
NYSE:YELP traded up $0.11 during mid-day trading on Friday, hitting $46.05. The company’s stock had a trading volume of 1,449,014 shares, compared to its average volume of 1,369,927. Yelp has a fifty-two week low of $36.42 and a fifty-two week high of $51.33. The firm has a market capitalization of $3.83 billion, a PE ratio of 657.86, a price-to-earnings-growth ratio of 8.30 and a beta of 1.32.
Yelp (NYSE:YELP) last posted its quarterly earnings results on Wednesday, August 8th. The local business review company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.14. Yelp had a net margin of 17.64% and a return on equity of 0.74%. The firm had revenue of $234.90 million during the quarter, compared to analyst estimates of $232.26 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. equities research analysts expect that Yelp will post 0.28 earnings per share for the current fiscal year.
Yelp Company Profile
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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