Susquehanna Bancshares Inc reiterated their neutral rating on shares of Yelp Inc (NYSE:YELP) in a research report report published on Friday morning. Susquehanna Bancshares Inc currently has a $22.00 price target on the local business review company’s stock, down from their prior price target of $35.00.
Several other equities research analysts have also recently commented on YELP. Robert W. Baird reissued a neutral rating on shares of Yelp in a research report on Thursday, January 12th. Zacks Investment Research raised shares of Yelp from a hold rating to a buy rating and set a $46.00 price target on the stock in a research report on Saturday, January 14th. Aegis reissued a buy rating on shares of Yelp in a research report on Saturday, January 21st. Vetr cut shares of Yelp from a buy rating to a hold rating and set a $44.44 price target on the stock. in a research report on Thursday, January 26th. Finally, Cantor Fitzgerald reissued an overweight rating and set a $46.00 price target on shares of Yelp in a research report on Monday, February 6th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $35.60.
Yelp (NYSE:YELP) opened at 27.38 on Friday. The firm’s 50-day moving average price is $32.93 and its 200 day moving average price is $36.05. Yelp has a 12-month low of $24.39 and a 12-month high of $43.41. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 370.00 and a beta of 2.11.
Yelp (NYSE:YELP) last issued its quarterly earnings results on Tuesday, May 9th. The local business review company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. Yelp had a negative net margin of 0.65% and a negative return on equity of 0.01%. The firm had revenue of $197.32 million for the quarter, compared to analysts’ expectations of $198.51 million. During the same period in the previous year, the firm posted $0.08 EPS. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. On average, equities research analysts expect that Yelp will post ($0.08) EPS for the current fiscal year.
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In other Yelp news, Director Geoffrey L. Donaker sold 4,000 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $36.00, for a total value of $144,000.00. Following the completion of the sale, the director now directly owns 9,590 shares in the company, valued at $345,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael Stoppelman sold 7,784 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $34.44, for a total transaction of $268,080.96. Following the completion of the sale, the senior vice president now owns 125,431 shares of the company’s stock, valued at $4,319,843.64. The disclosure for this sale can be found here. Insiders sold 43,284 shares of company stock valued at $1,480,246 over the last 90 days. Corporate insiders own 11.08% of the company’s stock.
Large investors have recently bought and sold shares of the company. FNY Partners Fund LP boosted its stake in Yelp by 18,650.0% in the first quarter. FNY Partners Fund LP now owns 3,750 shares of the local business review company’s stock worth $122,000 after buying an additional 3,730 shares during the last quarter. US Bancorp DE boosted its stake in Yelp by 3,181.0% in the third quarter. US Bancorp DE now owns 3,970 shares of the local business review company’s stock worth $165,000 after buying an additional 3,849 shares during the last quarter. Neuburgh Advisers LLC bought a new stake in Yelp during the first quarter worth approximately $133,000. TLP Group LLC bought a new stake in Yelp during the third quarter worth approximately $187,000. Finally, Independent Portfolio Consultants Inc. bought a new stake in Yelp during the first quarter worth approximately $159,000. Institutional investors and hedge funds own 74.24% of the company’s stock.
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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