Brokerages Set Yelp (YELP) PT at $43.47

Shares of Yelp (NYSE:YELP) have been assigned an average rating of “Hold” from the thirty-four analysts that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $43.47.

YELP has been the subject of a number of analyst reports. KeyCorp set a $54.00 price objective on shares of Yelp and gave the company a “buy” rating in a research report on Thursday, February 8th. Bank of America decreased their price objective on shares of Yelp from $55.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Credit Suisse Group decreased their price objective on shares of Yelp from $51.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. SunTrust Banks set a $50.00 price objective on shares of Yelp and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Morgan Stanley decreased their price objective on shares of Yelp from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, February 8th.

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Yelp stock traded down $0.48 during mid-day trading on Thursday, reaching $44.17. The company’s stock had a trading volume of 1,006,265 shares, compared to its average volume of 855,424. The company has a market cap of $3,687.05, a P/E ratio of 631.00, a price-to-earnings-growth ratio of 15.29 and a beta of 1.12. Yelp has a 12 month low of $26.93 and a 12 month high of $48.40.



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

In other Yelp news, CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.63, for a total value of $567,190.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $43.45, for a total transaction of $260,700.00. Following the completion of the sale, the director now owns 9,590 shares of the company’s stock, valued at approximately $416,685.50. The disclosure for this sale can be found here. Insiders sold a total of 166,000 shares of company stock valued at $7,146,465 in the last quarter. Corporate insiders own 10.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Pier 88 Investment Partners LLC raised its position in shares of Yelp by 11.9% in the 4th quarter. Pier 88 Investment Partners LLC now owns 12,175 shares of the local business review company’s stock valued at $511,000 after buying an additional 1,295 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 buying an additional 1,337 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Yelp by 1.3% in the 4th quarter. California State Teachers Retirement System now owns 125,997 shares of the local business review company’s stock valued at $5,287,000 after buying an additional 1,582 shares in the last quarter. American International Group Inc. raised its position in shares of Yelp by 3.4% in the 4th quarter. American International Group Inc. now owns 53,842 shares of the local business review company’s stock valued at $2,259,000 after buying an additional 1,747 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Yelp by 2.0% in the 3rd quarter. California Public Employees Retirement System now owns 115,200 shares of the local business review company’s stock valued at $4,988,000 after buying an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 87.82% of the company’s stock.

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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.

Analyst Recommendations for Yelp (NYSE:YELP)

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