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.
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.
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