Credit Suisse Group Analysts Give Yelp (YELP) a $50.00 Price Target

Credit Suisse Group set a $50.00 target price on Yelp (NYSE:YELP) in a research report released on Thursday morning. The firm currently has a buy rating on the local business review company’s stock.

YELP has been the subject of a number of other research reports. Zacks Investment Research upgraded Yelp from a hold rating to a buy rating and set a $52.00 price objective for the company in a research note on Tuesday, November 21st. Bank of America increased their price target on Yelp from $52.00 to $55.00 and gave the stock a buy rating in a research note on Wednesday, January 24th. Royal Bank of Canada upgraded Yelp from a sector perform rating to an outperform rating and increased their price target for the stock from $36.00 to $55.00 in a research note on Thursday, November 2nd. BidaskClub downgraded Yelp from a buy rating to a hold rating in a research note on Friday, October 13th. Finally, Goldman Sachs Group reiterated a neutral rating and set a $42.00 price target on shares of Yelp in a research note on Wednesday, October 11th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eighteen have assigned a buy rating to the company. Yelp currently has an average rating of Hold and an average price target of $43.46.

Yelp (YELP) opened at $38.29 on Thursday. The stock has a market capitalization of $3,150.00, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 3.54 and a beta of 1.14. Yelp has a 12 month low of $26.93 and a 12 month high of $48.40.

In other Yelp news, CEO Jeremy Stoppelman sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $44.37, for a total value of $576,810.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Alan Ramsay sold 592 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $46.92, for a total value of $27,776.64. Following the completion of the sale, the insider now directly owns 20,048 shares in the company, valued at approximately $940,652.16. The disclosure for this sale can be found here. Insiders have sold a total of 257,085 shares of company stock worth $11,338,738 in the last three months. 10.10% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. raised its holdings in shares of Yelp by 28,585.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock valued at $174,000 after acquiring an additional 4,002 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Yelp by 46.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,240 shares of the local business review company’s stock valued at $178,000 after acquiring an additional 1,337 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Yelp in the 3rd quarter valued at about $204,000. Turner Investments LLC purchased a new stake in shares of Yelp in the 3rd quarter valued at about $217,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Yelp in the 3rd quarter valued at about $222,000. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Yelp (NYSE:YELP)

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