Yelp Inc (YELP) Stock Rating Reaffirmed by Susquehanna Bancshares Inc

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.

Analyst Recommendations for Yelp (NYSE:YELP)

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.

COPYRIGHT VIOLATION WARNING: “Yelp Inc (YELP) Stock Rating Reaffirmed by Susquehanna Bancshares Inc” was published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.com-unik.info/2017/05/18/yelp-inc-yelp-stock-rating-reaffirmed-by-susquehanna-bancshares-inc.html.

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.

5 Day Chart for NYSE:YELP

What are top analysts saying about Yelp Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Yelp Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit