Yelp (YELP) Receives Average Recommendation of “Hold” from Analysts

Shares of Yelp (NYSE:YELP) have been given a consensus recommendation of “Hold” by the thirty-five research firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $43.47.

A number of brokerages have recently issued reports on YELP. Zacks Investment Research reaffirmed a “hold” rating on shares of Yelp in a research report on Saturday, April 7th. Stifel Nicolaus dropped their target price on Yelp from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, February 8th. Bank of America dropped their target price on Yelp from $55.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. SunTrust Banks set a $50.00 price objective on Yelp and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Morgan Stanley lowered their price objective on Yelp from $43.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, February 8th.

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Shares of NYSE YELP opened at $44.83 on Thursday. Yelp has a 1 year low of $26.93 and a 1 year high of $48.40. The stock has a market cap of $3,773.86, a PE ratio of 640.43, a price-to-earnings-growth ratio of 15.65 and a beta of 1.12.

Yelp (NYSE:YELP) last announced its earnings results on Wednesday, February 7th. The local business review company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.16. Yelp had a return on equity of 0.23% and a net margin of 18.05%. The business had revenue of $218.25 million for the quarter, compared to analyst estimates of $215.12 million. research analysts predict that Yelp will post 0.11 EPS for the current year.

In other news, Director Geoffrey L. Donaker sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $39.62, for a total transaction of $237,720.00. Following the completion of the transaction, the director now directly owns 9,590 shares in the company, valued at $379,955.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joseph R. Nachman sold 14,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $45.33, for a total value of $657,285.00. Following the transaction, the chief operating officer now owns 142,355 shares of the company’s stock, valued at $6,452,952.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 160,000 shares of company stock valued at $6,878,745. 10.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Yelp by 10.4% during the fourth quarter. BlackRock Inc. now owns 5,533,628 shares of the local business review company’s stock worth $232,190,000 after buying an additional 521,218 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Yelp by 9.5% during the fourth quarter. Allianz Asset Management GmbH now owns 3,201,061 shares of the local business review company’s stock worth $134,317,000 after buying an additional 277,146 shares during the period. William Blair Investment Management LLC boosted its position in shares of Yelp by 20.8% during the fourth quarter. William Blair Investment Management LLC now owns 3,167,281 shares of the local business review company’s stock worth $132,899,000 after buying an additional 546,282 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Yelp by 6.5% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,544,615 shares of the local business review company’s stock worth $106,772,000 after buying an additional 154,785 shares during the period. Finally, Jackson Square Partners LLC boosted its position in shares of Yelp by 3.0% during the fourth quarter. Jackson Square Partners LLC now owns 2,133,435 shares of the local business review company’s stock worth $89,518,000 after buying an additional 62,398 shares during the period. Institutional investors and hedge funds own 87.82% of the company’s stock.

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About Yelp

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.

Analyst Recommendations for Yelp (NYSE:YELP)

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